Dubai Benchmark Leads Gulf Shares Lower on Global Markets, Oil

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Dubai shares fell to the lowest in a month, leading declines in the Gulf, as global markets retreated after calls for regulatory probes on Goldman Sachs Group Inc.’s widened and as oil dropped.

Emirates Integrated Telecommunications Co. declined the most this year after it announced plans to raise money by selling shares. Emaar Properties PJSC, the developer of the world’s tallest skyscraper in Dubai, retreated for a fifth day. The DFM General Index lost 1.7 percent to 1,746.02, the lowest close since March 18. Saudi Arabia’s Tadawul All Share Index dropped 0.2 percent at 1:34 p.m. in Riyadh.

Asian stocks declined the most in two months, while commodities and currencies slumped, after the U.S. Securities and Exchange Commission sued Goldman Sachs for fraud and China curbed property loans. European stocks also fell as the U.K. and Germany probed Goldman and parts of Europe’s airspace remained shut after a volcanic eruption in Iceland grounded tens of thousands of flights. The MSCI World Index lost 0.8 percent.