Amman- Arab stock markets fluctuated violently this week, reflecting turmoil on the world markets and lack of confidence that measures taken by the world's largest economies could succeed in handling the global financial crisis, financial analysts said Friday.
"We believe that the psychological impact of developments on world markets will continue to be felt in the Middle East bourses for some time to come," Wajdi Makhamreh, Chief Operating Officer at the Amman- based Sanabel International Holding told Deutsche Presse-Agentur dpa.
"Fears of retreating results of listed firms in the third and fourth quarters due to recession fears are also expected to have negative impact on investors," he said.
New York, Nov. 12, 2008 -- The United Arab Emirates (UAE) has urged the United Nations and its relevant partners to double their efforts to meet the increasing needs of the poor and deprived nations in the wake of the current combination of food and financial crisis, as well as issues of poverty, armed conflicts and serious diseases.
Dhabi, Nov. 12, 2008 -- A major UAE English daily today commented on the Israeli move to built a so-called "museum of tolerance" over an ancient Muslim cemetery in West Jerusalem. The paper said the move was another clear manifestation of Tel Aviv's determination to create irreversible facts on the ground that would obliterate all symbols of Muslim presence in Palestine prior to the creation of the Jewish entity.
