MIDEAST STOCKS-Gulf sinks as oil falls towards $30; Abu Dhabi banks drop | Reuters:
"Gulf bourses declined in early trade on Tuesday as Brent crude nose-dived towards $30 and weak Asian markets drained regional risk appetite.
Brent crude was down 3.2 percent at $30.53 at 0545 GMT as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls.
Dubai's bourse fell 1.7 percent, taking its 2016 losses to 8.2 percent, as investors sold off property-related stocks in early trade."
'via Blog this'
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