In the wake of the so-called Arab Spring that toppled Hosni Mubarak in favor of what is turning out to be a Muslim Brotherhood strongman, tourism has flat-lined and other key components of the economy are struggling.
Among the largest underlying components of KBE, in trading today East West Bancorp, Inc ( NASD: EWBC) is down about 0.5%, KeyCorp ( NYSE: KEY) is trading flat, and Comerica, Inc. ( NYSE: CMA) is lower by about 1.3%.