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Most Middle East stocks fell, with shares in Dubai leading losses, as increased travel restrictions added to pessimism over vaccine rollouts sweeping global equity markets.
Dubai and Abu Dhabi’s gauges dropped 1.3% and 0.6%, respectively, as of noon local time. Saudi Arabia’s main index retreated 0.6% as Saudi Basic Industries Corporation fell as much as 1% even after 2020 profit beat estimates. Qatari stocks declined 0.5%.
The U.K. announced on the weekend it was banning direct passenger flights from the United Arab Emirates to stop the spread of a new virus strain…