MIDEAST STOCKS-UAE markets tumble on global slide; Iran fails to buoy Dubai | Reuters:
"United Arab Emirates stock markets fell sharply in early trade on Sunday in response to a fresh slide in oil prices and the weakness of global equity markets.
Dubai's index lost 3.6 percent in the first 15 minutes of trade in a broad sell-off, with blue chip Emaar Properties sinking 4.4 percent.
The lifting of economic sanctions on Iran, announced on Saturday, is positive for Dubai, which is expected to benefit from increased Iranian trade and through its role as a business hub for Iran."
'via Blog this'
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