MIDEAST STOCKS-Uber-Careem deal boosts Saudi, real estate hurts Dubai
March 26, 2019 at 10:00 AM EDT
Saudi shares rose on Tuesday boosted by a 10 percent surge in travel operator Al Tayyar Group, a shareholder in ride hailing app Careem which Uber has agreed to buy. Tayyar said it was expecting to make a gross profit of 1.78 bi