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Middle East Stocks Mostly Slip After White House Economic Adviser's Resignation Sparks Fears of Trade War

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MidEast shares mostly fell amid fears of a global trade war after White House economic adviser Gary Cohn resigned.

Cohn was reportedly against U.S President Donald Trump's plans for tariffs on steel and aluminum.

However, Saudi shares managed to carve out a small gain as oil prices steadied and Egypt's market reached a record high as the country's economy is expected to benefit from an interest rate cut last month.

Saudi Arabia's main index inched up 0.21% to 7,453.17 points, Dubai slipped 0.72% to 3,181.96 points, Abu Dhabi eased 0.09% to 4,519.58 points, Qatar dipped 0.69% to 8,371.11 points, Egypt gained 2.26% to 16,384.07 points, Kuwait firmed 0.04% to 6,808.45 points, Bahrain shed 0.62% to 1,366.29 points and Oman lost 0.39% to 4,928.10 points.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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