Businessmen with interests in the Middle East have been assessing what the Egypt revolt means to them.Mac McClelland of Center House Limited says we need to watch the Egyptian uprising very carefully,and be cognisant of the power plays.The strong Islamic tilt could affect how the new government takes effect in Egypt.There's a leadership vacuum.
The people were concerned about food,peace,prosperity,security and stability.Businesses are also concerned with that security and stability aspect.Our clients are concerned about protecting their brands and business continuity,Mr.McClelland noted.
Ken Moelis of Moelis&Company,which has an office in Dubai that advises the Dubai government on restructuring debt,observes that the rest of the region is acting as if this is an Egypt-specific event.For now,you're gonna see them stay pretty aggressive.The region is still doing business as usual.
A corporation can't see Egypt as a stock trade.You have to wait for more information,Mr.Moelis explained.
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