No. 03



UAE Equities Lose 36.1% In Value Over Past Two Years

Despite a year of solid oil prices and the advent of a formal stock exchange, UAE share price values fell by Dh19bn ($5.2bn) in 2000 according to Ziad Dabbas, Manager of Shares Trading at the National Bank of Abu Dhabi (NBAD). Quoted in a report published on 2 January in the Arabic daily Asharq al-Awsat, Mr Dabbas noted that the UAE equities market lost around Dh20bn ($5.5bn) in 1999 as a result of falling...