Mideast Stocks: Emaar pulls Dubai down, Saudi flat early on | ZAWYA MENA Edition:
"Emaar Properties pulled Dubai's stock market lower in early trade on Sunday while Saudi Arabia was flat after a string of corporate earnings.
The Dubai index lost 0.5 percent as Emaar fell 0.9 percent after saying it expects to sell 20 percent of its local property development unit Emaar Development LLC next month in an initial public offer.
Previously, Emaar had said it would offer up to 30 percent of the business, distributing funds raised as dividends to shareholders in the parent company."
'via Blog this'
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