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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). ....
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. ....
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. ....
Iberdrola, Acciona, Repsol y Naturgy toman impulso para repartirse la 'tarta verde' de Biden | Compañías elpais.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elpais.com Daily Mail and Mail on Sunday newspapers.
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. ....