The Saudi Arabian central bank cut an important lending rate and eased reserve requirements on Sunday but Middle East stockmarkets resumed their downward path.
By James Drummond in Abu Dhabi and Simeon Kerr in Dubai
Published: October 9 2008 19:40 | Last updated: October 9 2008 19:40
The Saudi Arabian central bank cut an important lending rate and eased reserve requirements on Sunday but Middle East stockmarkets resumed their downward path.