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Email this article: Emaar retreats as dividend proposal disappoints
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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SAUDI ARABIA. The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping to an average of US$102 per barrel, according to the latest Jadwa Investment Global Oil Market Update.
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