Mideast markets fall in imitation of U.S. prestige downgrade
8 percent to 1,482 points by basic afternoon. Special Section: Americas debt battleWhile the S&P downgrade weighed on the souk, it was in addition dragged worse by a worse than projected paper profit from Arabtec Holding, the Emirati construction giant with the intention of helped build the worlds tallest tower in the sphere of Dubai. Arabtec shares fell 4.9 percent to trade by 1.4 dirhams 38 cents. Egypts target EGX30 catalog fell more 4 percent by midday home moment, bringing its year-to-date losses to other than 32 percent.