Browse
related articles
'No stock market crisis' in Dubai, says Daman CEO
- United Arab Emirates: Tuesday, January 06 - 2009 at 13:38
It is too early to tell if the Dubai Financial Market, which fell 72.4% last year, has hit rock bottom, Shehab Gargash, CEO of Daman Securities, told AME Info. 'Has it reached the bottom? I'm not sure I can answer that with a yes or no. Up front you would think it has, because it has gone down so much. On the other hand, I would want to see company results for 2008 and see some semblance of normalcy back in the economy,' he said. Gargash believes we are facing an economic crisis, not a stock market crisis. The good news, he contends, is that when the turnaround starts, it is usually the stock market that feels the positive effects first.
Related Content
Article Options
Jeff Florian, Senior ReporterTuesday, January 06 - 2009 at 13:38 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
