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Fortune

World

Inzamam Rashid

Trump’s pronouncements are triggering instant trades in the Middle East as UAE investors place bigger bets

Middle East UAE Donald Trump United States Gold Singapore Dubai White House

(Credit: MARWAN NAAMANI/AFP via Getty Images)

President Donald Trump’s market-moving pronouncements are triggering almost instantaneous trading among Middle Eastern retail investors, with his statements generating more activity than Federal Reserve decisions or key U.S. economic data, according to one Dubai-based trading executive.

“We see the price fluctuation immediately, and that will lead to trades,” Tarik Chebib, the Middle East CEO of trading platform Capital.com, told Fortune. “We see that there’s more activity around those kinds of announcements.”

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