Mena region shares near 'sweet spot'

Dubai: Equities in the Middle East North Africa region are close to a "sweet spot", particularly the Gulf Cooperation Council markets, Deutsche Bank said in a research note Wednesday.

"Recession looks to have been averted, growth is strengthening, oil prices remain high and stable, interest rates seem likely to remain low and credit markets show signs of easing," EMEA strategist Neil Wedlake said in the report.

"We expect somewhat less upside potential to the North African markets, with about 7 per cent in the case of Egypt and about 5 per cent for Morocco," Wedlake said.