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Saudi and Qatari indexes extended gains on Thursday, supported by higher oil prices as investors adjusted positions ahead of an OPEC+ decision on supplies, while markets in the United Arab Emirates were closed for a public holiday.
Most stock markets in the Gulf rose in early trade on Wednesday, rebounding from a sell-off triggered by comments from Moderna's chief executive that existing COVID-19 vaccines would be less effective against the new Omicron variant.
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Most stock markets in the Gulf ended higher on Wednesday, tracking a wider rebound in oil prices and equities after a selloff triggered by worries that the Omicron variant of the coronavirus could resist existing vaccines.
Iranian government spokesman Ali Rabii said on Tuesday that 'the Iran and Saudi Arabia negotiations will continue until results are reached.' Rabii added: 'Our discussions with Saudi Arabia were wo...
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