Middle East : The new Wall street ?

After Oil the Middle East found a new activity in order to attract the all world.
We noticed that the Middle east developed her economy sharply thanks to one city which is Dubai. Dubai is located in United Arabes Emirates and his one of the 7 emirates. Poor of petrol they choose to develop the tourism and ports in order to attract investors and tourists from Asia and Europe. Thanks to lot of promotion of the city, and impressive constructions, Dubai is from now on, the hinged plate of the world, indeed all goods from Europe and Asia are transiting to the port of Dubai named Jeb Ali. Moreover the Airport is the biggest one in the world, and brings millions of passengers every years.
But the main purpose of my article is to present a new phenomena that the Middle East is from now on implied to, which is the stock exchange.
Indeed during the last 3 years many cities from Middle East opened their own stock exchange, like Dubai, Koweit or Quatar.
With the income from the petrol they have a lot of money to invest, from now on the different Middle East stock exchange weight more than 1 billiard of US Dollar, which is a nice performance since those stock exchanges are only 3 years old.
As a new market, the average performance of the Middle East stock exchange his very high, such as those in Asia. The weakness of this market is that the structure is mainly based on speculation; consequently they are high-risk investments where the quotes of Midlle East stock exchange can collapse at any moment. The second weakness is that only people from the Middle East can invest for the moment, the stock exchange from Dubai will only be opened to all investors in 2 or 3 years.
The advantage is that since it is a high risk investment, the benefit can be as well high. For the moment I will advice investors, to invest only in short term since the fragility of those markets.
It will be interesting to see in 2 years if those new markets will be more structured and less high risk when investors from all world will be able to get in.