Monday, December 07, 2009

Dubai and UAE Stock Exchanges Continue to Tank

Both the Dubai Financial Market and the Abu Dhabi Securities Exchange are trading down Tuesday morning, down 5.4% and 1.1% respectively. This is the continued follow-up effect of the Dubai World debt problems.

1 comment:

allan Gering said...

Dubai bubble is bursting just like few years ago when S-chip buble burst. I believe Dubai markets will continue to tank over next few months, this market correction suddenly became a downtrend with many selling into 'corrective' rallies because the Dubai problem will take some time to settle down.