MIDEAST STOCKS-Emirates NBD drags Dubai; Egypt snaps losing streak - Reuters:
Most major Gulf markets ended lower on
Thursday, mirroring losses in global stocks and falling oil
prices, with Dubai particularly hard hit by losses in top lender
Emirates NBD.
On Thursday, a four-day rally that had lifted world stocks
to near-record highs stalled after President Donald Trump signed
into law a bill backing protesters in Hong Kong, fuelling
frictions with China.
China warned of "firm countermeasures".
In Dubai, the index declined 1.2% led by a 2.5%
slide in Emirates NBD. The bank has cut between
400-500 jobs since October, Reuters reported on Thursday, citing
sources familiar with the matter.
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