Font Size

- Aa +

Tue 20 Apr 2010 07:14 PM

Font Size

- Aa +

Dubai World plan boosts UAE investor confidence – Shuaa

Investment bank index reveals sentiment in all GCC markets is now positive.

Dubai World plan boosts UAE investor confidence – Shuaa
INVESTMENT BOOST: UAE markets have seen a boost in investor sentiment towards Dubai and the country in general, due to the Dubai World restructuring proposal. (Getty Images)

Investor sentiment towards Dubai and the UAE in general has been boosted significantly as a result of the Dubai World restructuring proposal, according to the latest data provided by investment bank Shuaa Capital.

The finance firm’s latest GCC Investor Sentiment Report had its second-biggest gain on record, driven almost entirely by a positive change in attitudes towards the UAE.

Shuaa’s UAE Investor Confidence Index recorded a jump of 36 points, and all GCC countries are now above the 100-point thresholds, which represents positive sentiment..

Sameer Al Ansari, CEO, Shuaa, said: "The increase in investor confidence towards the UAE clearly indicates that the cloud of uncertainty hanging over the investment community has now been removed."

He added: “The outcome of Dubai World's restructuring proposal has had a very positive impact on the investment community, both regionally and internationally.”

With regard to the six-month outlook for regional stock markets, the Shuaa data revealed that UAE markets led the way again.

The report stated that the Dubai Financial Market jumped over 62 percent as it moved to 30 percent on balance for the month of March.

However, Shuaa added that survey respondents remained cautious. When asked if they would be investing over the next six months, only the UAE saw its on balance figure rise this month, by 27 percent to 7 percent on balance.

For all the latest market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Research 9 years ago

'Only the UAE's would-you-invest answer 27 percent to 7 percent" Yeah, from 5.5% to 7% (translation for non-visionaries)