Reuters Saudi Arabia’s stock market pulled back on Monday as a bubble in shares of real estate firm Dar Al Arkan burst, while equities in Qatar pulled further away from six-year lows. The Saudi index retreated 0.6 percent as Dar Al Arkan, which had gained as much as 3.4 percent in early trade, closed 9.9 percent lower at 12.60 riyals. …

Bloomberg Egypt and Russia signed a $30 billion deal to build North Africa’s first nuclear power plant as the Kremlin moves to expand its influence in the region. Russian President Vladimir Putin and his Egyptian counterpart Abdel-Fattah El-Sisi witnessed the signing ceremony in Cairo on Monday. The project increases Russia’s economic presence and political influence in the Middle East, already …

Bloomberg Saudi Arabia plans to raise domestic gasoline and jet fuel prices in January, part of a program to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy and balance the budget, according to a person with knowledge of the matter. Gasoline prices are set to increase by about 80 percent, while jet fuel prices will be …