Dubai property, UAE banks among biggest beneficiaries of Iran deal

29/07/2015 08:42 AST

UAE firms will be the biggest beneficiaries within the Mena region as a result of the opening up of the Iranian economy after the nuclear deal with world powers.

Analysts believe that UAE companies with interests in property, transport, banking and finance sectors will have better prospects to make the most from the upcoming opportunities arising from the removal of sanctions on Iran.

“The UAE is a major winner in terms of trade and inflows. In the UAE, we believe banks and marine terminal and logistics operators should benefit the most. Nine of our 20-constituent UAE Favourite List are financials stocks,” said Mubasher Trade analysts in their note on Mena Strategy equities.

“We believe the most beneficiary markets from the Iran deal with the six global powers will be the UAE and Turkey as investors may choose them to seize Tehran Stock Exchange’s (TSE) recovery when it comes back to the global system. Nine out of our 20-constituent UAE Favourite List are financials stocks.


Emirates 24|7

Most Viewed Companies

Ticker Price Volume
JARIR 177.89 111,251
RIBL 13.83 1,519,548
SABIC 114.77 5,915,941

Recent News

Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap