Investor sentiment rises in the Emirates

An index that measures the mood of affluent investors in the UAE rose 3.5% between August and September.

A rise in tourism, a fall in inflation and the strengthening of the UAE dirham, which is pegged to the dollar, helped encourage the optimistic outlook, said First Abu Dhabi Bank in a statement.

“The September score reflects a range of factors, including a surge in tourist arrivals and a fall in inflation, which is at its lowest since January 2017,” said the bank.

“The market factors which negatively affected the score included the fall in oil prices and money supply in the market.”

Launched in January of this year, the Wealth Sentiment Index was created by research agency Ipsos and insurer Generali in partnership with First Abu Dhabi Bank. The index is based on the views of a panel of industry experts and wealthy individuals, who are asked about their optimism within the UAE market, the growth prospects of various industries and their personal investment choices.

©2017 funds global mena

Related Articles