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Gulf markets mixed; Dubai hits 17-year high, while Saudi index declines; Tabreed and CVC DIF plan $1.03B acquisition.
Gulf stock markets showed mixed performance on Monday, with Dubai's main share index hitting a 17-year high, boosted by gains from Emaar Properties and National Central Cooling Co.
In contrast, Saudi Arabia's benchmark index declined, influenced by lower oil prices and profit-taking.
A significant business move involves Tabreed and CVC DIF planning to acquire Multiply Group's district cooling business for approximately $1.03 billion.
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Los mercados del Golfo se mezclaron; Dubai alcanza un máximo de 17 años, mientras que el índice saudí disminuye; Tabreed y CVC DIF planean una adquisición de $1.03B.