GCC Bourses Rack Up Losers as OPEC+, Tariffs Send Oil Tanking

Gulf Cooperation Council (GCC) nations saw their bourses plunge on Thursday following U.S. President Donald Trump’s unveiling of sweeping ‘Liberation Day’ tariffs on importers that helped send oil prices plunging 7% earlier in the day. In the UAE, the Dubai stock index was gearing up to record its biggest drop so far this year, shedding 1.8%, while the Abu Dhabi index fell 0.8%. Saudi Arabia’s main index dropped 0.4%, partly driven by losses from state-run oil giant, Saudi Aramco. Lower oil prices in recent years, combined…