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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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UAE. Qatar, Saudi Arabia and Kuwait all ranked in the top 10, with the three nations performing especially well on the basis of their propensity to spend on imported luxury goods and healthy appetite for premium travel.
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