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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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INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.