Thursday, 5 September 2013

MIDEAST STOCKS-Gulf mkts fall on Syria tension; losing for 2nd week | Reuters

MIDEAST STOCKS-Gulf mkts fall on Syria tension; losing for 2nd week | Reuters:

"Gulf Arab shares dropped on Thursday, sustaining losses for a second week in a row, as a possible United States military strike against Syria moved one step closer and raised worries of triggering wider conflict in the region.

A U.S. Senate committee voted in favour of military action, clearing the way for a vote in the full Senate, likely next week.

The resolution sets a 60-day limit on any engagement in Syria, with a possible 30-day extension, and bars the use of U.S. troops on the ground for combat operations.

In the United Arab Emirates, Abu Dhabi's measure fell 3 percent in its sharpest one-day drop since January 2011. It lost 5.3 percent this week."

'via Blog this'

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