Sunday, February 27, 2011

Bullish on Bahrain

Talal al Zain,Chairman of Gulf Air and CEO of Mumtalakat,Bahrain's 9 billion dollar sovereign wealth fund,says the country already started on democracy 10 years ago.We're classified as the number 10 freest market in the world,with an excellent educated population.
It is 100% business as usual now-in spite of the Pearl Square protest.The bulk of the people support the al Khalifas as rulers in a constitutional monarchy,which we already have started.
Mumtalakat will continue to grow the wealth of the Bahraini people.I can tell you we will continue the improvement we have already started,Mr.al Zain promised.
The island nation is a key U.S. ally,hosting the headquarters of the U.S. Navy's Fifth Fleet.Its Shiite majority,inspired by the Egyptian revolution,is pushing for more of a say in the Sunni minority government.
Market Vectors Gulf States Index ETF(MES)

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