MIDEAST STOCKS-Saudi slips, real estate firms boost Dubai and Egypt | Reuters:
"Saudi Arabia's stock market fell on
Thursday after oil prices slipped again, as real estate
developers boosted the Dubai and Egyptian bourses.
Brent crude tumbled nearly 4 percent overnight, to
back below $50 a barrel. This undermined petrochemical stocks
including Saudi Basic Industries, which lost 1.5
percent.
Saudi International Petrochemical Co (Sipchem)
dropped 2.9 percent after saying it might not pay a dividend for
the second half of 2015, despite seeing results from a
restructuring intended to cope with cheap oil. "
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