Page 20 - Qa News Today

Qatar and the United Arab Emirates (UAE) are restoring diplomatic ties and reopening embassies, officials said on Tuesday, more than two years after Arab states ended a boycott of Doha that had shattered the Western-allied Gulf Arab bloc.

Most stock markets in the Gulf ended higher on Monday as oil prices hold above $85 a barrel with the Saudi index hitting its highest since November.

Consumers are hurting - and also partying. Frances Cook explains what's going on.

Saudi Arabia's stock markets ended higher on Sunday after Friday's rise in oil prices, although the Qatari index extended losses for a second session.

Stock markets in the Gulf were mostly mixed on Thursday on possible recession in the United States, the world's largest economy, although the Egyptian bourse surged to its highest since mid-February.

GDP growth in the Middle East and North Africa region will slow to 3.1% in 2023, from 5.3% a year ago, International Monetary Fund (IMF) Middle East and Central Asia department director Jihad Azour said on Thursday.

Major stock markets in the Gulf fell in early trade on Thursday, as oil prices fell, with the Qatari bourse on course to post its first weekly loss in four weeks.

Most stock markets in the Gulf ended higher on Wednesday ahead of U.S. inflation data that showed price pressures still simmering, likely ensuring that the Federal Reserve will raise interest rates again next month.

Gulf stock markets rose in early trade on Wednesday ahead of a crucial U.S. inflation report that would likely influence how soon the Federal Reserve would end its aggressive interest rate hikes.

Most major stock markets in the Gulf rose in early trade on Tuesday, in line with Asian shares and oil prices, although the Saudi index was on course to extend losses on profit-taking.