Market analysis: Iran deal brings opportunity, and concerns | The National:
"Last month was a challenging one for the Mena markets, which went through a broad sell-off because of a host of factors ranging from the drop in oil prices to devaluation of the Chinese yuan.
Second-quarter earnings have been in line with market expectations, and management guidance also remains intact for the remainder of the year.
The Iran deal is being seen both as an opportunity and a concern. We expect the lifting of Iran sanctions will provide opportunities for trade and investment in Mena. However, the extra oil supply likely from Iran would maintain short-term pressure on oil prices. Iran’s commitment to the peace process and building trust among its neighbours will be paramount for regional stability and progress."
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