MIDEAST STOCKS-Gulf slips early on, Dubai down despite new economic steps | Reuters:
"Energy and petrochemical shares helped to drag down stock markets across the Gulf early on Thursday, with Dubai gaining little benefit from the announcement of fresh economic stimulus steps. Dubai’s index was down 0.4 percent as amusement park operator DXB Entertainments, by far the most heavily traded stock, sank 2.9 percent. The emirate’s government said it would reduce municipal fees, scrap some aviation charges and freeze school costs in the latest of a series of efforts to reduce corporate costs and stimulate economic growth. But it remains unclear whether such steps can revitalise a slumping real estate market."
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