Free-falling oil prices Continue Affecting MENA markets
The report stated that barring Saudi Arabia, Kuwait and Morocco, MENA markets ended in red during the month of November 2015, with Egypt (-14.6%) declining the most, followed by Qatar (-13.0%), Dubai (-8.6%) and Oman (-6.4%). Decline in oil price by 10% during the month and subsequent monetary tightening has led to the regional market response.