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Shares plunge in Dubai after Arabtec panic
Zone(s): Dubai ¦ Sector(s): Finance
[25 June 2014, CITY AM.] By Tim Wallace: Dubai’s stock market plunged 6.68 per cent yesterday as the fallout from construction firm Arabtec’s troubles spread across the rest of the state’s equities. The builder’s chief executive Hasan Ismaik quit last week. He owns 28.5 per cent of the firm and the future of that stake is uncertain.