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Tag Archives: Arab market

Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war

Posted by aurelius77 on January 18, 2016

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

Stock markets across the Middle East saw more than £27bn wiped off their value 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 the Gulf states tumbled as panic gripped traders. London shares are now braced for a second wave of crisis to hit when they open on Monday morning after contagion from China sent the FTSE 100 to its worst start in history last week.

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Comments Off on Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war Posted in Axis Powers, Business & Economics, Economic Crisis, Great Britain, Iran, Middle East, Oil & Gas, Politics, Saudi Arabia Tagged Abu Dhabi Securities Exchange, Arab market, Bahrain, bear market, Business & Economics, China, DFM General Index, Dubai, Economic Crisis, economic sanctions, economic warfare, excess supply, FTSE 100, global markets, Great Britain, Gulf States, IAEA, International Atomic Energy Agency, Iran, Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war, London shares, Middle East, Oil & Gas, Oman, panic, politics, Qatar, saudi arabia, stock markets, Tadawul All Share Index, traders, trading

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