When fears of a US-led military strike against Syria over the alleged use of chemical weapons surged in August, they sent tremors through the Gulf’s stock exchanges. Indices plunged. Dubai Financial Market’s main index fell by 7% in one day: its most dramatic one-day fall since the emirate’s 2009 debt crisis.
But when the bourses recovered quickly, analysts took it as further confirmation of an improved sentiment that has been slowly crystallizing over the past year.
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