Traders are preparing for a tense earnings season, with many expecting to spend the week ahead with half an eye fixed on political bargaining in the US.
Many of the UAE's biggest companies, including National Bank of Abu Dhabi, Emaar Properties and Tamweel, are expected to report earnings this week.
However, negotiations as the US approaches its federal debt limit will probably remain in the background throughout the week. An agreement on the US debt ceiling needs to be reached by Friday so any necessary legislation can be passed in time, Bloomberg News reported this month.
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