Dubai at six-year low..

Some downbeat economic news today..

“Dubai’s index tumbled to a six-year low and Oman saw its largest drop in two years on Monday as widening protests in the sultanate and a steep drop in Saudi stocks a day earlier sparked a sell-off on Gulf markets. Dubai dropped 3.8 per cent to its lowest finish since June 2004. Volumes hit a four-week high and were triple those of Sunday, indicating rising selling pressure..”

Full article (opens in new window)

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