Gulf equities slide as Saudi launches airstrikes on Yemen
DUBAI, United Arab Emirates (AP) — Stock markets across the Gulf Arab region and other parts of the Middle East closed slightly lower on Thursday, an expected tumble after Saudi Arabia launched airstrikes overnight on neighboring Yemen./ Oil prices were also hit by the jitters over the escalation in Yemen, with Brent crude up $2.34 at $58.81 and U.S. crude up $2.20 at $51.41 in electronic trading. The biggest drops in Gulf equities were in Oman and Kuwait, where markets closed around 2.5 percent lower. Markets in Bahrain, Qatar and Dubai ...
Click
To Read Full Article