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Dubai: The UAE’s decision to resume trade ties with Qatar is seen markedly improving investment prospects between the two countries, with investor optimism rising as stocks gained in both markets.
Major Gulf stock markets ended the first trading week of the New Year on a high and logged weekly gains as regional markets benefited from a rise in oil prices and an easing in trade restrictions with Qatar.
Lifting of trade and travel restrictions will help better trade, tourism and logistics between both countries, analysts at Standard Chartered evaluated in a note, with both markets set to benefit even further.