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Dubai's bourse fell sharply Monday as investors booked profits in the region's best-performing market this year, while Egypt was lifted by the inauguration of a new president and an offer to buy a large stake in investment bank EFG Hermes.The Dubai benchmark tumbled 4.1 percent to 4,771 points, its biggest decline since May 20 . Shares in National Central Cooling Co. (Tabreed) slid 7.5 percent Monday after it said Abu Dhabi state-owned investment fund Mubadala would convert bonds it holds into 79.4 million new Tabreed shares.Abu Dhabi's bourse also continued to retreat, down 1 percent, although the two biggest banks, National Bank of Abu Dhabi and First Gulf Bank, reversed early session losses and edged up 1 and 0.3 percent respectively.A group of investors represented by Beltone Financial, which rocketed 10 percent Monday, offered last week to buy 20 percent of EFG Hermes at 16 pounds per share.
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