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Dubai Index Falls Most Since May, Leads Mideast Drop, on Egypt

Middle East shares dropped, sending Dubai’s index down the most in eight months, amid ongoing protests demanding the ouster of Egyptian President Hosni Mubarak. Israeli stocks and bonds declined.

Emaar Properties PJSC, which says it’s the largest foreign-direct investor in Egypt’s real-estate industry, lost 8.3 percent. Air Arabia PJSC fell the most since March. The DFM General Index plunged 4.3 percent, the most since May 25, to 1,543.02 at the 2 p.m. close in Dubai. The Bloomberg GCC 200 Index lost 0.3 percent. Egypt’s market was closed today after sliding 16 percent last week. It will remain shut tomorrow, Al Arabiya said.