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...
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