MIDEAST STOCKS-Property stocks lift Dubai after UAE long-term visa move | Reuters:
"Dubai stocks climbed to a more than two-week high on Monday, as sentiment for property shares was lifted by a decision of the United Arab Emirates’ government to grant residency visas of up to 10 years to investors and specialists. Emaar Properties rose 2.9 percent and DAMAC Properties climbed 4.8 percent, lifting the Dubai index by almost 1 percent to a more than two-week high of 2,947 points. The weak Dubai real estate sector has been a drag on the market this year with shares of top UAE developer Emaar down about 17 percent so far this year."
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