Gulf exchanges plummeted after the presidents of the Emirates and Egypt said they were going down.

صحيفة الاقتصادية

Gulf exchanges plummeted after the presidents of the Emirates and Egypt said they were going down.

Gulf stock markets declined on Sunday after Jerome Powell, Chairman of the Federal Reserve, indicated that the latest inflation data did not affect the bank's policy on interest rates. The main Qatari index fell for the fifth consecutive session and closed down 1% with almost all sectors entering the negative zone. Qatar Islamic Bank fell 3.4%, Qatar International Islamic Bank and 1.5%, while “Qatar Aluminum Industry” fell 4%. The index lost 9.1…