Story Stocks: Citigroup (NYSE:C), Monsanto (NYSE:MON), Bank of America (NYSE:BAC), General Mills (NYSE:GIS)

The United Arab Emirates’ plan to extend visas for foreign homebuyers to three years from six months could lift demand in Dubai’s slumping property market, Citigroup (NYSE:C) said. The U.A.E.’s federal government yesterday agreed to lengthen the period to “enhance the attractiveness of the real estate sector,” the state-run Emirates News Agency said. The period was shortened to six months from five years in May 2009, sparking criticism from homebuyers and investors.“This could significantly boost demand in the residential real estate sector, particularly in Dubai,” Citigroup analyst Farouk Soussa said in a note to investors today. “The overall impact on the property market is likely to be somewhat muted by oversupply issues that are being exacerbated by the ongoing . . . → Read More: Story Stocks: Citigroup (NYSE:C), Monsanto (NYSE:MON), Bank of America (NYSE:BAC), General Mills (NYSE:GIS)