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Kuwait political standoff escalates in game of musical chairs

Middle EastKuwait political standoff escalates in game of musical chairs Ahmed Hagagy 3 minute read A view shows the first parliament session held after elections, in Kuwait City, Kuwait December 15, 2020. REUTERS/Stephanie McGehee Kuwaiti opposition lawmakers intent on questioning the prime minister were on Tuesday obstructing parliamentary business by occupying ministers seats, escalating a standoff between the appointed government and the elected assembly. The government refused to attend Tuesday s session after MPs sat in seats reserved for ministers, the speaker said, the second such incident preventing sessions from going ahead. Out of 50 elected members, 26 on Monday tweeted: There will only be a session if the prime minister takes the podium (to be questioned).

Sheikh sabahSheikh sabah al khalidSajed al abdaliSheikh nawaf al ahmad sabahThomson reuters trust principlesPrime minister sheikh sabahEmir sheikh nawafThomson reuters trustஷேக் சபாஷேக் சபா அல் காலிட்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்ப்ரைம் அமைச்சர் ஷேக் சபாதாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை

MIDEAST STOCKS Saudi leads major Gulf markets higher; Egypt slides

Major stock markets in the Gulf ended higher on Tuesday, with the Saudi index leading the way, while broad-based losses pulled Egyptian shares lower amid media reports the country's National Bank is set to raise $1 billion to refinance debt.

Ar riyaSaudi arabiaUnited arab emiratesAbu dhabi commercial bankDubai islamic bankNational bankAl qahirahAbu dhabiAli sherif al emadiThomson reuters trust principlesInternational bankQatar national bankRiyad bankAl rajhi bankIndustries qatarQatar islamic bank

MIDEAST STOCKS Qatar falls on broad-based losses; Abu Dhabi gains

Middle EastMIDEAST STOCKS Qatar falls on broad-based losses; Abu Dhabi gains Ateeq Shariff 3 minute read Broad-based losses pulled Qatari shares lower on Monday, with all stocks on the index except one in negative territory, while the Abu Dhabi index was buoyed by its top lender. The Qatari benchmark (.QSI) retreated 1.3%, falling for a fourth consecutive session. Petrochemical maker Industries Qatar (IQCD.QA) slid 3.8%, the biggest decline on the index. Qatar is still facing lockdowns and slower vaccination rates than other countries in the region. Moreover, industrials are finding high raw material prices and supply disruptions adding pressure to their business models, said Daniel Takieddine, head of sales at FXPRIMUS.

Saudi arabiaUnited arab emiratesAbu dhabiAbuz abyDaniel takieddineEtihad etisalatThomson reuters trust principlesAldar propertiesInternational bankFirst abu dhabi bankAl rajhi bankIndustries qatarSaudi national bankCommercial international bankThomson reuters trustசவுதி அரேபியா

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MIDEAST STOCKS Major Gulf indexes mixed in early trade

Middle EastMIDEAST STOCKS Major Gulf indexes mixed in early trade Reuters 3 minute read Bahraini traders are seen at Bahrain Bourse in Manama, Bahrain, November 4, 2020. REUTERS/Hamad I Mohammed Major Gulf stocks were mixed early on Sunday, with the Dubai index on track to extend gains for a fifth consecutive session, buoyed by property companies. The main Dubai share index (.DFMGI) gained 0.9%, with blue-chip developer Emaar Properties (EMAR.DU) rising 1.5% while its shopping malls unit Emaar Malls (EMAA.DU) gained 1%. Dubai house prices are expected to rise for the first time in six years this year, supported by a swift vaccine rollout that has lifted hopes for economic recovery, a Reuters poll of property analysts showed.

Saudi arabiaUnited arab emiratesAbu dhabiAbuz abyThomson reuters trust principlesFirst abu dhabi bankInternational holdingEmaar propertiesAl rajhi bankSaudi national bankQatar international islamic bankMajor gulfEmaar mallsAdditional tierAlkhorayef waterPower technologies