Saudi Arabia shares tumble, Dubai extends dropSaudi Arabia's main stock index tumbled in early trade on Sunday as worries about economic growth sparked sharp declines on global and regional markets, while Dubai plunged 6.7 per cent and Abu Dhabi slid 2.1 per cent. Saudi More… |
Dubai bourse tops 3,000 for first time in 5 yearsDubai's bourse closed above 3,000 points for the first time in five years as investors repositioned into stocks ahead of earnings and dividend season with the index climbing 0.9 percent to its highest close since October 2008. More… |
Dubai stock market to lag region in 2010Dubai's stock market is likely to lag its regional peers in 2010 due to an oversupply of real estate projects, abundant debt and generally poor transparency, Beltone Financial said in a report issued on Wednesday. Kuwait and Morocco ar More… |