Page 23 - Qa News Today

Wealth funds in the United Arab Emirates (UAE) and Qatar have invested hundreds of millions of dollars with former U.S. President Donald Trump's son-in-law Jared Kushner's private equity firm, the New York Times reported on Thursday.

Most major Gulf markets extended gains on Wednesday, mirroring a rise in global peers after sentiment was lifted by receding fears of a global banking crisis and rising oil prices.

Gulf stock markets ended mixed on Wednesday in a sign investor confidence remains fragile, as they chose to secure their gains amid volatile market conditions despite oil being firmer and banking stability fears receding.

Paul Rusesabagina, who was portrayed as a hero in the film "Hotel Rwanda" about the 1994 genocide, has arrived in Qatar after being released from prison in Rwanda last week, a source with knowledge of the matter said on Tuesday.

Most Gulf stock indexes rose in early trading on Tuesday, led by the gains in banking shares as worries of banking contagion eased and demand recovery in China improved investors' sentiment.

Most Gulf stock indexes closed higher on Tuesday, as fears of a banking contagion eased, while rise in oil prices amid supply disruption risks and strong demand recovery in China also lifted sentiment.

Paul Rusesabagina, who was portrayed as a hero in the film "Hotel Rwanda" about the 1994 genocide, has arrived in Qatar after being released from prison in Rwanda last week, Rwanda's government spokesperson said on Tuesday.

Major Gulf markets opened mixed on Monday, mirroring gains in oil prices as investors pin their hopes on modest interest rate hikes amid governments' efforts to soothe fears over the global banking system.

Qatar's bourse plans to introduce a new derivatives market that will allow investors to trade options and futures on local stocks and its equity index, the country's financial regulator said on Monday.

Gulf stock markets were mostly subdued on Monday, with banking shares taking the biggest hit across the markets as investors in the region were cautious despite some gains in oil prices and an easing of global banking stability fears.