Page 29 - Qa News Today

Most Gulf bourses ended lower on Tuesday, mirroring weakened global shares and oil prices, although the bourses in the United Arab Emirates (UAE) gained ahead of long holiday weekend.

The United Arab Emirates and France will sign major contracts when President Emmanuel Macron visits Dubai on Dec. 3 , a senior Emirati official said on Tuesday, as the two close allies look to deepen economic and political ties.

The head of Qatar Airways on Tuesday called on Airbus to admit that it had a problem with flaws on the surface of its A350 jets and ruled out buying freighter planes from the European company, effectively handing a potential deal to rival Boeing .

A dispute between Airbus and Qatar Airways over paint and surface flaws on A350 jets stretches beyond the Gulf, with at least five other airlines raising concerns since the high-tech model entered service, according to documents seen by Reuters and several people with direct knowledge of the matter.

Stock markets in the Gulf rebounded on Monday, mirroring oil prices and global shares as investors waited for more details to assess the severity of the Omicron coronavirus variant on the world economy.

President Tayyip Erdogan said Turkey would take steps to improve ties with estranged rivals Egypt and Israel similar those in recent weeks with the United Arab Emirates, which led to investments, NTV and other broadcasters said.

Most Gulf stock markets ended lower on Sunday, with the Saudi and Dubai indexes suffering their biggest single-day fall in nearly two years as fears of a potentially vaccine-resistant coronavirus variant spooked investors.

Most Gulf stock markets fell sharply in early trade on Sunday, with the Saudi index suffering its biggest single-day fall in nearly two years as fears of a potentially vaccine-resistant coronavirus variant rattled investors.

Major stock markets in the Gulf rose in early trade on Thursday, with the Saudi index on track to extend gains for a second session.

Saudi Arabia's stock market gave up early gains to end lower on Thursday, registering its fourth weekly loss in five and its biggest since October 2020, while other Gulf bourses traded mixed.