MIDEAST STOCKS-Regional investors sell in Dubai; Qatar and Abu Dhabi steady | Reuters:
"Dubai's stock market slipped early on Monday as regional investors diverted their attention to Saudi Arabia's 2016 state budget announcement, due in the afternoon, while Qatar and Abu Dhabi were steady in lethargic trade.
Late on Sunday, Dubai announced plans to raise state spending by 12 percent in 2016 compared to its 2015 budget plan as it invests in infrastructure to sustain economic growth, while continuing to balance its budget.
This failed to boost Dubai's stock index, which fell 0.9 percent as only one-third of listed stocks traded. Emaar Properties and Arabtec retreated 2.4 percent and 0.7 percent respectively."
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