Dubai Shares Fall to 2-Month Low on Europe Debt Crisis Concern
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Persian Gulf shares retreated, sending Dubai’s index to a more than two-month low, as emerging-market stocks slumped amid concern Europe’s sovereign debt crisis will spread and slow the global recovery. Oil declined.
Emaar Properties PJSC, builder of the world’s tallest skyscraper, declined a third day this week. Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest bank complying with Shariah rules, dropped 1.9 percent. The DFM General Index lost