MENA fund managers to boost UAE investments, bearish on Saudi: Reuters poll - Reuters:
Middle Eastern funds plan to increase their investments in the United Arab Emirates and decrease their investments in Saudi Arabia, while keeping their exposure to other countries in the region at current levels, according to a Reuters poll.
Seven of the 10 fund managers polled said they would increase their investments in the United Arab Emirates, building on a trend over recent months.
Dubai was one of the worst-performing markets globally last year, but has rebounded with its benchmark index .DFMGI up almost 15% so far. On Monday, it had its best day in almost a year, rising 1.2%, buoyed by rising real estate shares.
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