Thursday 15 November 2018
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dailystar lb - 29 days ago

Saudi tensions add to Dubai stocks’ worst year since 2008

Traders are running out of reasons to stay in Dubai’s stock market as it heads for its worst year since the 2008 debt crisis. Dubai’s main equities gauge has lost 19 percent this year, pressured mostly by real estate developers. The index is now caught between increasing geopolitical woes centering around its neighbor Saudi Arabia and those emanating from global emerging markets.

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