Dubai stocks fell sharply today following a report by Zawya Dow Jones which said Dubai World may offer creditors 60 cents on the dollar after seven years. The Dubai Financial Market slumped 3.50% to 1,617, with 26 stocks falling and three rising. Market heavyweight Emaar plunged 5.88% to Dhs3.04, while fellow market leader Arabetc dropped 6.09% to Dhs2.16. Arab Insurance Group was the day's big gainer, up 7.95% to Dhs1.90.