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Gulf markets slip as Saudi hit by poor Q2 earnings
Gulf stock markets mostly fell yesterday as soft oil prices dampened buying, while Saudi Arabia’s index fell 0.7% on disappointing quarterly corporate results. Etihad Etisalat (Mobily) slumped 4.2% after the Saudi telecommunications operator swung to a net profit of 18.8mn riyals ($5mn) in the second quarter, from a loss of…
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Click here to read the full story: Gulf Times