MIDEAST STOCKS-Saudi Arabia slips on Mobily, property stocks lift Dubai | Reuters:
"Saudi Arabia's stock market pulled back further on Tuesday after telecommunications operator Mobily posted a surprise first-quarter loss, while Kuwait fell on news of potential tax reform. Other Gulf markets were positive.
The main Saudi index slipped 0.3 percent to 9,559 points as Mobily was the main drag, tumbling 6.8 percent.
The firm, whose scandal over the restatement of its 2014 earnings led to the departure of its chief executive earlier this year, missed analysts' forecasts widely as it swung to a 199 million riyal ($53.1 million) net loss in the first quarter of 2015."
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