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Saudi Arabia's stock market rose on Sunday as U.S. inflation data fuelled hopes the Federal Reserve may be reaching the end of its rate hiking cycle, although the Qatari index bucked the trend to close lower.
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Stock markets in the United Arab Emirates fell on Friday as investors awaited key U.S. inflation data due later in the day for clues on future interest rate moves by the U.S. Federal Reserve.
Pakistan on Thursday kicked off outsourcing of operations and land assets at three major airports to be run through a public private partnership, a finance ministry statement said, a move to generate foreign exchange reserves for its ailing economy.
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Gulf stock markets opened slightly up on Thursday, tracking Asian peers and oil prices higher, helped by improving investor sentiment as concerns over a recent banking sector crisis eased.
Most major Gulf stock markets closed higher on Thursday, in line with global peers and firmer oil prices, amid improving investor sentiment underpinned by hopes the banking sector crisis is over.