It’s been an interesting couple of days in Dubai.
Yesterday the stock market crashed, falling over 6%, after being down by over 8% during the day. The country is witness to an insanely hot real estate boom, but a major construction company has reportedly been running into trouble, which is something that’s shaken the entire market.
Anyway, today at least there’s snapback.
The market is currently surging 5%. Here’s the chart, from Bloomberg: