Any rise in sight?
The demise of the Lehman Brothers wiped a lot of money out from UAE bourses.
September 16, 2008 1:58 by kippreport
There is much speculation about what the collapse of the Lehman Brothers will mean for the Gulf region. On Monday, UAE’s bourses lost $5.7bn following the news, but will the markets pick up now?
The bourses in the region have not been doing well in the recent months. It has been one loss after another. There are endless reasons for the markets to remain bearish – the current global economy, slowdown in the US market, and so on.
Are there any reasons for it to pick up? Is there a bull anywhere to be found?