Dubai jumps after global markets rebound; Arabtec surges
Dubai stock index jumped in opening minutes on Sunday after global markets rebounded on Friday and shares in builder Arabtec Holding surged as it moved closer towards starting work on a huge project in Egypt.
MIDEAST STOCKS-Sell-off may continue as global stocks, oil remain weak
Stock markets in the Middle East may remain under pressure on Monday after many bourses closed near their daily lows on Sunday and some stocks tumbled their daily limits.
Dubai, Saudi lead Mideast markets plunge after global sell-off
Stock markets across the Middle East tumbled on Sunday, led by Dubai and Saudi where the main indexes sank 6.5%, as declines on global bourses and falling oil prices sparked a broad sell-off in the region.