Middle East ETFs: UAE and QAT Off to a Rough Start - July 9, 2014 - Zacks.com:
"Like most Middle East nations, the UAE and Qatar are also having a tough time these past few weeks owing to escalating violence in Iraq, and concerns of this becoming a wider regional conflict. This has triggered a broad based sell-off in leading stock market bourses. We note that these two countries were recently upgraded from frontier to emerging markets status by the index compiler MSCI.
In fact, the Dubai market – the DFM General Index – lost a whopping 22% in the past month, the most since November 2008. Following the fall, the Dubai stock market has entered a bearish phase after the longest bull rally since 2005."
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