Jim O'Neill tips Arab world to be next big opportunity

Jim O'Neill, chairman of the massive Goldman Sachs Asset Management arm, said he believed that the Arab world could emerge as the fifth Bric, joining the booming economies of Brazil, Russia, India and China.
Emerging markets fund manager Charlemagne Capital is launching a new fund to exploit opportunities in the Middle East and North Africa (Mena) as a result of the political tensions across the region.