Stocks markets in the Mideast suffer sharp drops in early trading over fears about the new coronavirus and falling demand for crude oil amid a failure by OPEC and allied nations to cut production.
A man disinfects the shrine of the Shiite Saint Imam Abdulazim to help prevent the spread of the new coronavirus in Shahr-e-Ray, south of Tehran, Iran, Saturday, March, 7, 2020.
The Dubai Financial Market saw stocks drop by over 8% in a steep selloff. Boursa Kuwait stopped trading as shares fell below 7%. The Abu Dhabi Securities Exchange dropped by 6%. Saudi Arabia’s Tadawul stock exchange fell over 6% as the market opened. In hard-hit Iran, the Health Ministry said Saturday that 21 more people had died from the virus, bringing the death toll to 145. More than 1,000 new infections were also confirmed overnight, bringing the total to 5,823 cases nationwide.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kidnap, harassment, and intimidation: UK court lets loose on Dubai rulerA court-appointed inquiry ruled in favour of Sheikh Mohammed al Makhtoum’s former wife, Princess Haya of Jordan, who in 2019 fled the UAE with her two children and sought refuge in the UK.
Read more »
‘Kidnap, Imprisonment And Torture’ How The Ruler Of Dubai Went To War With His Sixth Wife In U.K. Court— And LostA London court ruled Thursday against Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum after a judgement from Britain's High Court established as fact allegations of abduction, forced return, torture and a campaign of intimidation.
Read more »
European equities and U.S. stock futures slide as coronavirus panic persistsEuropean equities and U.S. stock futures fell sharply on Friday, as investor panic over fallout from the coronavirus crisis continued unabated and investors...
Read more »
Michael Milken's Beverly Hills conference postponed til July amid coronavirus fearsMichael Milken's annual investment conference in Beverly Hills is postponed til July amid coronavirus fears.
Read more »
AFL-CIO scraps Orlando presidential forumThe AFL-CIO today canceled a Florida forum featuring Democratic presidential candidates Bernie Sanders and Joe Biden due to the “ongoing coronavirus outbreak'
Read more »