Gulf In Focus.

Trade between the UK and GCC will increase in post-Brexit era as the European nation will be able to negotiate deals with the Gulf countries that are more liberal.

In addition, pound will strengthen in post-Brexit period which will greatly benefit Dubai's tourism and real estate sectors due to increased inflow of tourists from the UK as well as more British citizens investing in Dubai's property market, say analysts.

Data showed that trade between the UAE and the UK jumped 7.4 percent to Dh24.45 billion during the first half of 2019, up from Dh22.76 billion in the same period last year. The UAE's exports to the UK fell 16 percent to Dh6.1 billion in H1 2019, down from Dh7.26 billion in the same period last year. While the UAE's imports from the UK grew by around 18.4 percent to Dh18.35 billion, up from Dh15.5 billion.

On June 23, 2016, the British citizens had voted in favour of leaving the European Union in a referendum. British prime minister Boris Johnson had announced that Britain will leave EU on January 31, 2020.

"UK's exit from European Union after more than 3 years since the initial Brexit referendum is a welcome relief even for the GCC region. The ties between UK and EU seem stable at this point of...