Recession hits Middle-East / UAE – Big Time!

Dubai’s bourse .DFMGI suffered its biggest one-day fall in more than a year while Abu Dhabi .ADI fell the most on record as concerns over Dubai’s ability to repay its debt sparked a sell-off across all sectors.

  • Dubai suffers biggest one-day loss in more than a year
  • Banks, property shares hardest hit
  • No recovery seen until more clarity from govt on debt

Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *