Good year forecast for Gulf equities, thanks to firmer oil prices | The National

Good year forecast for Gulf equities, thanks to firmer oil prices | The National:
"Firmer oil prices and improved global economic growth prospects will lead Arabian Gulf equities to generate returns of up to 15 per cent next year, according to Emirates NBD.

The rise comes in line with an overweight recommendation by the bank on global equities for 2017, despite concerns over US share valuations in the medium term.

Gary Dugan, the chief investment officer for wealth management at Emirates NBD, said equities in the Arabian Gulf were forecast to rise by 10 per cent next year, with an additional dividend yield of up to 5 per cent, with recent agreements by oil producers to cut output finally bringing investors back to market."

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