Recession hits Middle-East / UAE – Big Time!
Dubai’s bourse .DFMGI suffered its biggest one-day fall in more than a year while Abu Dhabi .ADI fell the most on record as concerns over Dubai’s ability to repay its debt sparked a sell-off across all sectors.
- Dubai suffers biggest one-day loss in more than a year
- Banks, property shares hardest hit
- No recovery seen until more clarity from govt on debt
