UAE companies wary of Brexit uncertainty | GulfNews.com

UAE companies wary of Brexit uncertainty | GulfNews.com:

"International fund managers can cite the ‘Brexit’ as the biggest tail risk to markets all they want. In the UAE, companies with operations in the UK are not hitting the panic button just yet, though they are wary of the uncertainty the referendum brings.

On June 23, the UK will vote in a referendum on whether it will sever its ties with the European Union and exit it, or remain in the Union.

The uncertainty on the future of the UK has led to a depreciation in the pound and a drop in property prices. According to a report by Knight Frank, a real estate consultancy, there has been a “discernible Brexit effect” on the UK economy as investment decision are delayed, and the London property market is no exception."



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Full Show: Best of Bloomberg Markets Middle East (06/10) - Bloomberg

Full Show: Best of Bloomberg Markets Middle East (06/10) - Bloomberg:




"Bloomberg's Manus Cranny takes a look at the week's top stories and best interviews from the Middle East. (Source: Bloomberg)"



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