Hajj limited again, Iran election, Dubai property

The Saudi government’s confirmation that the Hajj pilgrimage will be extremely limited this year will weigh on the Kingdom’s economic recovery. Elsewhere, the likely victory for hardliner Ebrahim Raisi in Iran’s upcoming presidential election risks holding up talks to revive the nuclear deal. Finally, with large amounts of supply coming onstream, the recovery in Dubai’s real estate sector is likely to be slow going.

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