Are there any safe investment havens left in the Middle East?

At first glance, the Middle East looks a murky prospect for investment in 2016. Merkel, Obama and Putin continue to butt heads, and the end of the Syrian war remains a distant prospect, despite efforts to initiate a ceasefire agreement in February. Tensions have risen between Iran and Saudi Arabia after the Saudis executed a Shiite cleric in January, prompting angry Iranians to storm the Saudi embassy in Tehran.

But there is a light somewhere in the mire of terrorism, war and oil. On 16 January, the International Atomic Energy Agency announced that Iran had adequately…

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