Complex Made Simple

DP World hit 4-month low amid global economic woes

At the NASDAQ Dubai, the Middle East's only international market by regulation, the FTSE NASDAQ Dubai UAE 20 Index index closed off 1.41% at 1591.21. Global maritime port operator DP World dived 2.50% to $10.55. As the core Euro zone countries discuss the possibility of Greece's return to the Drahme, volatility increased at global markets with JPMorgan's $2bn loss in credit default swaps trading "adding fuel to the fire," as DIFC Chief Economist Dr. Nasser Saidi said earlier today in his weekly economic commentary.