Middle East stock markets crash

Prospect of Iran pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin

Stock markets across the Middle East collapsed as the lifting of economic sanctions against Iran threatened to unleash a fresh wave of oil onto global markets that are already drowning in excess supply.

All seven stock markets in Gulf states tumbled as panic gripped traders. Dubai's DFM General Index slumped 4.8pc to 2,682.56, while Saudi Arabia's Tadawul All Share Index collapsed by 7pc to 5,409.35, its lowest level in almost five years.

https://uk.finance.yahoo.com/news/ir...102835505.html

2016 has got off to an alarming start, hope it's not a sign of another global financial crisis on the way.

Re: Middle East stock markets crash

If stocks crash and the FTSE is already down and falling it will mean that houses will go up at an even greater rate as people want some security for their savings.

Re: Middle East stock markets crash

Stop the world, I want to get off.

Re: Middle East stock markets crash

I'm no expert ... but does this mean the Saudis will be glaring Irans way with smouldering hot incendiary eyes.

Re: Middle East stock markets crash

Financial articles suggest that there will be a housing market crash in the not too distant future.