MIDEAST STOCKS-Dubai gives up fresh early gains before Eid | Reuters:
"Dubai stocks edged higher in early trade on Tuesday, then retreated amid slack trade in the build up to the Eid holiday and some profit taking. Traders had taken heart from the emirate’s decision to cut local government fees on sales at hotels and restaurants. “Anything to revive the competitive scale of the business environment is considered positive,” said Tariq Qaqish, managing director of the asset-management division at Mena Corp. But the market struggled to keep up momentum two days before the start of the Muslim holiday."
'via Blog this'
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