MIDEAST STOCKS-Corporate news weakens Dubai and Saudi, Qatar jumps after budget:
"Corporate news pulled down stock markets in Saudi Arabia and Dubai on Wednesday, while Abu Dhabi was supported by a strong new listing and Qatar surged after the release of the government’s 2018 budget.
The Dubai index dropped 1.4 percent as Emaar Properties sank 6.2 percent to its lowest close since June, in its heaviest trade since June.
Emaar said it would pay a special dividend of four billion dirhams ($1.1 billion) related to its listing of Emaar Development - three billion dirhams next month and one billion after its annual general assembly in April."
'via Blog this'
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