"Traders Hub": High proportion of foreigners behind the severe impact of geopolitical tensions on Dubai market
Waddah al-Taha, advisor at "Traders Hub", attributed the impact on the Dubai financial market from geopolitical tensions to the high proportion of foreign trading.
He added that the current crisis is a favorable investment opportunity for long-term investors to pick up stocks at low prices that may not be repeated.
Regarding the UAE banking sector, al-Taha said that the "S&P Global" report strengthens expectations of the UAE banks' ability to absorb shocks.
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Original source: Al Arabiya
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