MIDEAST STOCKS-UAE markets rise at end of very poor year; some fund managers expect better 2018

MIDEAST STOCKS-UAE markets rise at end of very poor year; some fund managers expect better 2018:

"United Arab Emirates stock markets rose on Thursday, their last day of trade during a year in which they were among the world’s worst-performing emerging markets, while most other Middle Eastern bourses also gained. Dubai’s stock index fell 4.6 percent during 2017 while Abu Dhabi’s index lost 3.3 percent; MSCI’s emerging markets index gained about 34 percent. Geopolitical tensions, a regional economic slowdown caused by low oil prices, and slumping real estate markets in Dubai and Abu Dhabi all pulled down their stock markets."



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