From Ameinfo.com: The Dubai Financial Market (DFM) General Index closed 0.75% lower at 1,504.38 points. Real estate firm Deyaar Development lost 2.13% on news that it will refund 100% to customers of certain projects and that its German CEO Markus Giebel is open for merger talks, triggering more speculation about the status quo of Dubai’s real estate sector. Islamic insurance operator Dar Takaful gained 2.48%.
Despite several downgradings in the GCC insurance sector by Standard and Poor’s since the beginning of 2009, Dar Takaful shares gained 18.10% during the last four weeks. …. Full Article: Source