The recent protests in countries like Tunisia, Egypt and Libya have made the oil prices rush and reaching over 110 USD a barrel. Meanwhile, the stock markets in North Africa and Middle East have been shaken too. Even so, the LHV Persian Gulf Fund has fared relatively well. While the stock exchanges in North Africa have declined by about 12 percent the Persian Gulf Fund has only lost five percent in the same period. The GCC area is a high risk area for investments, but in the longer term there is great potential for good returns for those who have invested early. I have had the opportunity to develop my thoughts more about the fund and the development in the region in a couple of interviews this past week. Please read the two articles in Dagens Industri and Privata Affärer.