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UAE Shares Extend Losses

DUBAI — UAE shares extended losses for a second session on Tuesday, as investors continued to unload stocks ahead of a four-day break, bucking a rebound in global stocks as concerns eased about Dubai World.

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MORE FROM Local business

S&P Puts Four Dubai Banks Under Creditwatch

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S&P Puts Four Dubai Banks Under Creditwatch

DUBAI — Standard & Poor’s placed four Dubai-based banks on creditwatch late Thursday, shortly after cutting the debt ratings for several Dubai government-owned and related companies, saying the restructuring of Dubai World raises financing concerns for the banks due to their high exposure to the conglomerate.

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local business

MENOPE 2009 to Showcase over 100 Exhibitors

DUBAI — The seventh edition of the pioneering and the only regional niche natural and organic products show, the Middle East Natural and Organic Products Exhibition, or MENOPE 2009, is all set to open in Dubai with over 100 exhibitors from across the world showcasing a wide range of green-friendly products over three days from December 7-9 2009.

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