MORE FROM Local business

local business

Stocks Slip on Concerns Over Property Sector

DUBAI - Increasing worries about the moribund property sector and its impact on the broader economy pushed the UAE markets lower on Monday with Arabtec Holding dropping to an all-time low. The Dubai Financial Market general index shed 0.96 percent to 1,472.96 as property stocks fell 1.16 percent.

local business

local business

GCC Govts Urged to Wake Up

DUBAI - The UAE and other GCC governments should wake up and initiate decisive action including a significant boost to public spending to tackle the financial downturn that will take two to three years to turn around, said the chief investment officer of Merrill Lynch.

local business