The UAE and Qatar are benefiting from the flight of resources from trouble spots to safe havens and rising oil prices as a result of growing supply risks, according to Standard Chartered economists.
"Abu Dhabi and Qatar are benefiting from the surge in oil prices as a result of increased risk perception on the supply-side impact of the political turmoil in the region. Dubai on the other hand is benefiting due to its safe haven status. With more resources moving, sectors such as retail and hospitality are set to benefit," said Marios Maratheftis, the bank's Head of Research, Europe, Middle East, Africa and Americas.
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