Page 33 - Qa News Today

Most stock markets in the Gulf rose in early trade on Monday, with the Saudi index on course to end a four-day losing streak.

Most stock markets in the Gulf ended higher on Monday, with the Saudi index snapping a four-day losing streak, while the Egyptian bourse rose for a fourth session in five.

Middle East crude benchmark Dubai, as quoted by price reporting agency S&P Global Platts, rose to an average of $81.585 a barrel last month, a trade source said on Monday, the highest since 2014.

The Lebanese minister at the centre of a dispute with Saudi Arabia said on Sunday resigning from the government "is out of the question," Al Jadeed TV channel quoted him as saying.

Most stock markets in the Gulf ended lower on Sunday, with the Saudi index extending losses for a third session as profit-taking continued after the main index reached multi-year highs.

Major stock markets in the Gulf were mixed in early trade on Sunday, with the Saudi index on track to end a four-day losing streak.

Qatar on Saturday denounced recent comments by Lebanese information minister George Kordahi that stirred a growing diplomatic rift with Gulf Arab countries, a statement from the media office of the Qatari foreign ministry said.

Qatar launched a national climate change action plan on Thursday aimed at achieving a 25% reduction in greenhouse gas emissions by 2030, its ministry of environment and climate change said.

Saudi Arabia's stock market fell in early trade on Thursday, as oil prices retreated due to a spike in U.S. inventories and rising COVID-19 cases, while Abu Dhabi stocks were set to gain for a fourth week.

A surge of new net zero pledges from the Middle East's oil producing nations has raised expectations ahead of the United Nations COP26 climate change summit in Glasgow starting Sunday - but campaigners say the promises fall far short of what is needed.