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UAE, Saudi Arabia big gainers from a weaker USD: Strategist

CNBC · Current
CNBC
CNBC
Current

Vijay Valecha, Chief Investment Officer for Middle East markets at Century Financial says the UAE and Saudi Arabia would benefit the most among Gulf countries from a weakening U.S. dollar.

BreakdownGenerated by LeadStory AI
  • A weaker US dollar is expected to benefit the UAE and Saudi Arabia, especially in tourism and real estate. 7s
  • Foreign capital inflows to the UAE and Saudi Arabia remain strong, despite recent regional conflicts. 1m 22s
  • US tariffs are unlikely to have a major impact on Gulf business, except for certain transshipment activities. 2m 49s
  • Saudi Arabia is advancing its non-oil economy, highlighted by a $27 billion clean energy deal with Indonesia. 4m 5s
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