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UAE bourses looking up for 2007
- United Arab Emirates: Saturday, December 30 - 2006 at 11:11
UAE based financial experts are predicting 2007 will be a better year for the country's stock markets than 2006, which saw an alarming drop in market capitalisation, reported Gulf News. Some are loathe to say the markets will make overall gains but do believe blue chip stocks will provide good investment opportunities. Low price to earnings ratios have made shares attractive, while the UAE's economy is set to grow by 11.6%.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 30 - 2006 at 11:11 UAE local time (GMT+4)
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This article was updated on Sat Jan 13 2007.
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