middle east political crisis

gambler1 · 1 middle east political crisis Thu Feb 17, 2011 12:23 am

gambler1

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now there is a political problem in some middle east countries how can effect this in to stock market?

Last edited by Quibit on Thu Feb 17, 2011 1:25 am; edited 1 time in total (Reason for editing : Spellings)

Antonym · 2 Middle East Thu Feb 17, 2011 12:50 am

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I can think of 3 possible impacts - Oil supplies & prices, Migrant worker remittances and Tourism from the Middle East.

In my opinion, the impact of these protests on Sri Lanka is likely to be marginal because:
1. So far, the protests have not targeted economic installations like oil extraction plants or supply lines.
2. There have been no credible threats against expatriates and migrant workers.
3. Middle Eastern tourists to Sri Lanka have been from the middle and upper-middle classes, which have been relatively unaffected by the crisis.

ShareShares · 3 Re: middle east political crisis Thu Feb 17, 2011 7:24 am

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More and more tourists from Europe, North America and Japan choose SL instead of Egypt, SL is also having some prospects of off sea oil from June onwards. CSE has a good time ahead. Along with the cricket world cup SL will become a more popular tourist destination. Television broadcast of matches all over the world helps them see this country often which helps investors focus their attention on SL. Tourism brings large quantities of foreign currency in to SL.

Antonym · 4 Middle East: Crude Oil Prices Rising Fri Feb 18, 2011 3:39 pm

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http://www.bloomberg.com/news/2011-02-17/saudi-arabia-risks-contagion-from-shiite-protests-roiling-neighbor-bahrain.html

What would be the impact on Sri Lanka's import bill and Trade Deficit?

mono · 5 Re: middle east political crisis Fri Feb 18, 2011 3:43 pm

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if you ask me this middle east thing will go away in a few weeks, just like the SF thing.

Antonym · 6 Re: middle east political crisis Fri Mar 04, 2011 11:02 pm

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@mono: I sure hope it will blow over, but we need to keep an eye on developments anyway.

Oil prices are the only dark cloud on the macro-economic horizon at the moment. A higher fuel subsidy could worsen the deficit. Or, if the powers that be decide to increase fuel prices, that could have a knock-on effect on overall inflation.

Here's what Premajayantha had to say a few days ago:
http://www.bloomberg.com/news/2011-03-01/sri-lanka-holding-fuel-prices-watching-libya-minister-says.html