MIDEAST STOCKS-Gulf markets edge down after short-lived rally on oil | Reuters:
"Major Gulf stock markets slipped back in early trade on Thursday after Brent oil fell below $50 per barrel again and Abu Dhabi heavyweight Etisalat dropped on news that it would face tougher competition.
Etisalat fell 3.2 percent and was the main drag on the Abu Dhabi index, which edged down 0.5 percent. Its competitor, Dubai-listed du, said on Wednesday the United Arab Emirates had started to open its fixed-line consumer telecommunications market to competition.
Du, whose shares rose 0.7 percent early on Thursday, had been largely confined to the newer areas of Dubai until the two companies quietly launched nationwide competition in fixed-line consumer services last month, du chief executive Osman Sultan told a conference call."
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