Middle East Economic Survey

VOL. LII

No 8

23-Feb-2009

REGIONAL

Dubai Index Hits One-Month High On Borse Dubai Refinancing Success

The Dubai Financial Market (DFM) index hit a one-month high of 1,602.12 and posted its largest one-day gain in three months as stocks rallied on news that Borse Dubai had successfully refinanced a loan (see page 27). DFM turnover hit the highest level since November last year, on buying from domestic and GCC players. Growing concern about Dubais debt levels has been one...