Stock markets in Saudi Arabia and Qatar rose in early trade on Wednesday ahead of a widely expected interest rate hike pause by the U.S. Federal Reserve, although other major markets were subdued on falling oil prices.
Sudan's army has been battling to defend a military industrial complex believed to contain large stocks of weapons and ammunition in southern Khartoum, close to fuel and gas depots that are at risk of exploding, residents said on Wednesday.
Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency.
Saudi Arabia's stock market edged higher in early trade on Tuesday amid hopes of a pause in rate hikes by the U.S. Federal Reserve, although falling oil prices limited gains.
Most stock markets in the Gulf ended higher on Tuesday ahead of a widely expected pause in interest rate hikes by the U.S. Federal Reserve, while falling crude prices weighed on investor sentiment.