MIDEAST STOCKS-Dubai leads gains as Iran clinches nuclear deal | Reuters:
"Dubai's bourse outperformed the Gulf region in early trade on Tuesday as an Iranian diplomat told Reuters that Iran and six major powers had reached an historic deal granting Tehran sanctions relief in exchange for curbs on its nuclear programme.
A removal of trade and banking sanctions could benefit Dubai, a traditional centre for trade with and investment in Iran, although by increasing oil supplies and depressing crude prices, it could in the short term at least prove negative for most of the Gulf Arab economies.
Dubai's stock index rose 0.6 percent with most stocks positive. Port operator DP World, which is one of Dubai's major logistics companies and might enjoy an increase in cargo traffic through the Gulf after sanctions are lifted, rose 1.1 percent."
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