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UAE shares decline on weak earnings and regional tensions
Stock markets in the United Arab Emirates declined on Friday as soft corporate earnings and increasing regional tensions dampened investor sentiment. Yemen’s Houthis attacked Saudi oil facilities and airports, while tankers were reportedly hit in the Strait of Hormuz. The US military’s senior officer overseeing the Middle East met US President Donald Trump at the White House on Thursday to outline military options in Iran, the Wall Street Journal reported on Thursday, citing US officials and other people with direct knowledge of the meeting. Dubai’s main index dropped 0.8%, extending losses to...
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