Mideast Stocks: Dubai retreats, driven down by Emirates NBD and DIB – ZAWYA

Mideast Stocks: Dubai retreats, driven down by Emirates NBD and DIB – ZAWYA

Moody's changed its outlook to negative from stable for eight banks in the United Arab Emirates due to the coronavirus outbreak. A man is seen at Dubai Financial Market in Dubai, United Arab Emirates September 16, 2019.. Saudi Arabia has recorded the highest number of COVID-19 cases in the six-nation Gulf Cooperation Council.. The Abu Dhabi index eased 0.2%, hurt by a 0.7% decrease in telecoms firm Etisalat and a 0.8% drop in Abu Dhabi Islamic Bank (ADIB)..