Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

REGIONAL/GCC

Indices Pressured By Slump In Property Shares

The regions stocks ended mixed last week, with Abu Dhabi, Dubai, Bahraini and Egyptian indices edging down to fresh lows, while others were treading water and staying close to previous levels, as oil prices held at around the $40/B level. But negative economic news, both in the region and beyond, continues to keep a lid on rallies and all indices are down from end-2008 levels and sharply...