Starting to See a Turnaround in U.A.E. Property Sector, Says FFA Private Bank’s Salem

The video discusses the potential turnaround in the real estate sector, driven by increased international sales and investor interest, particularly in the UAE due to Expo 2020. It also covers the banking sector in Saudi Arabia, where profit-taking is occurring before Ramadan, and the positive outlook for UAE financials. The video highlights upcoming IPOs and MCI rebalancing as factors that may influence market activity. Additionally, it explores growth in non-oil sectors, with a focus on the cement industry in Saudi Arabia, supported by infrastructure expansion.

How do analysts view the recent performance of Saudi banks in the context of market corrections?

What is the significance of the cement sector in the Saudi market according to the text?