Monday 18 June 2018

MIDEAST STOCKS-Waha Capital down in Abu Dhabi, Air Arabia drops in Dubai | Reuters

MIDEAST STOCKS-Waha Capital down in Abu Dhabi, Air Arabia drops in Dubai | Reuters:

"Amid muted trading activity, the Abu Dhabi stock market shed value in early trade on Monday, mirroring a drop in Asian shares, while Dubai was flat.

Markets in Saudi Arabia and Qatar were closed because of the Eid holiday, which started last week.

U.S. President Donald Trump fuelled trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. Asian shares were down on Monday and oil prices came under pressure, in particular after China threatened duties on American crude imports."



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