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Main » 2011 » January » 31 » Gulf stock markets drop in response to Egypt unrest
Gulf stock markets drop in response to Egypt unrest
3:28 AM
Stock markets have negatively responded a mass revolt in Egypt. Many leading companies have interests there and on Sunday they drastically dropped. The Dubai Financial Market shed over six percent of its value. The leading traded company, Emaar Properties, possessing the world's tallest tower, Burj Khalifa, in Dubai, saw its share price plummeting by nearly 10 percent. The Middle East's largest low-cost carrier Air Arabia also saw its share plunge by nearly 10 percent. It has a local joint venture in Egypt called Air Arabia Egypt. Middle-east-east-online.com.
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