MIDEAST STOCKS-Yemen concerns weigh on Saudi, Dubai falls on weak Q1 earnings | News by Country | Reuters:
"Saudi Arabia's stock market fell on Monday after reports that Riyadh had sent a ground "strike force" including tanks towards its border with Yemen, while Dubai came under pressure from several disappointing first-quarter earnings reports.
In the afternoon, the Saudi-owned Al Arabiya Hadath TV channel broadcast pictures of a column of tanks loaded onto military trucks and described it as "the arrival of reinforcements from the strike force to the border".
The Saudi-led air campaign against Houthi rebels in Yemen has been a small but significant source of concern for Saudi retail investors, and any escalation into a ground campaign would be seen as negative by the market, at least initially."
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