MIDEAST STOCKS-Geopolitics weigh on markets, Abu Dhabi firm on ADNOC IPO plan:
"Most stock markets in the Middle East fell again on Monday, dampened by geopolitics, although Abu Dhabi was supported by plans for an initial public offer of shares by the distribution unit of Abu Dhabi National Oil Co (ADNOC).
Regional tensions have risen in recent weeks between Sunni Muslim monarchy Saudi Arabia and Shi‘ite Islamist Iran over Lebanese Prime Minister Saad al-Hariri’s surprise resignation, and an escalation in Yemen’s conflict.
The Saudi and other Arab foreign ministers called at an emergency meeting in Cairo on Sunday for a united front to counter Iranian interference."
'via Blog this'
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