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Saturday, 2 July 2011

Saudi Stock Market close - July 2, 2011

General Index
Intraday 3 month
Daily Statistics
General Index6653.68
Change (%)1.18%
T. Volume143456286
T. Companies 150

Dubai's office prices seen falling further 10-12% -

Dubai's office sales market are set to see further price declines of between 10-12 percent, Kuwait-based Global Investment House said in a report.

Global said the average drop in Dubai office selling prices was 58 percent between the peak in the fourth quarter of 2008 and the end of Q1 this year.

It said average selling prices had dropped from AED2,250 per sq ft to AED933 per sq ft during the same period.

gulfnews : Arab youth face job hurdle

When Ahmad Mohammad, 25, graduated with a business degree last year from the American University of Sharjah, he was prepared for the harsh reality that awaited him.

He has both objectively studied the recession in an academic setting and experienced its reality first-hand. He has been hunting for an entry-level accounting job for almost a year. He speaks of unemployment in a practical, matter-of-fact way:

"It was not a big shock for me. I studied in the school of business, so when the crisis happened we were studying it and saw it in front of us," he said. "I saw people struggle with unemployment. When I graduated I expected this."