Monday 13 July 2015

MIDEAST STOCKS-Most Gulf markets flat as investors await Iran deal | Reuters

MIDEAST STOCKS-Most Gulf markets flat as investors await Iran deal | Reuters:



"Gulf stock markets were little changed in early trade on Monday as Iran and six world powers were on the brink of nailing down a nuclear deal which would see sanctions on Tehran lifted and boost global oil supply.



Dubai's index was the biggest gainer in the region, edging up 0.8 percent as heavyweight developer Emaar Properties climbed 1.7 percent.



By removing the sanctions on Iran's economy, a nuclear deal may position Dubai as a staging post for foreign trade and investment in Iran. It could also boost transport and logistics firms in other Gulf countries, such as Kuwait's Agility ."



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