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Buoyant investor sentiment lifts Saudi, Egypt cools

  DUBAI / Reuters Major stock markets in the Gulf rose on Sunday with Saudi Arabia outperforming its peers, continuing to climb on the back of upbeat investor sentiment following the mammoth international bond sale at the end of last week. Egypt’s index slipped on profit taking. Riyadh’s index added a further 1.6 percent, taking its gains since Wednesday to ...

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Canada stocks rise as energy rallies on

  Bloomberg Canadian stocks extended their rally to a fifth day on Saturday, closing with the biggest weekly gain since March, energy shares continued to ride the rebound in oil and banks advanced on signs that inflation is picking up, making an interest rate hike more likely. The S&P/TSX Composite Index gained 0.6 percent to 14,939.04 at 4 p.m. in ...

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GCC ministers meet as OPEC oil cut looms

  Bloomberg Russia’s energy minister met with counterparts from Saudi Arabia and other Arab Gulf oil-producers to discuss steps to stabilize crude markets amid OPEC’s drive to win cooperation from the biggest supplier outside the group in limiting output to prop up prices. Ministers from Saudi Arabia, Kuwait, Bahrain, Qatar and the United Arab Emirates gathered in Riyadh for oil ...

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