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Email this article: Emaar retreats as dividend proposal disappoints
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Posted: Tue March 20, 2012 1:41 pm
UAE. Emaar, developer of the world's tallest tower in Dubai, slumped 2.6%, the most since March 7, to AED2.97 at the 2 p.m. close. The decline dragged Dubai's DFM General Index 1.5% lower to 1,643.31.
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QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
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