A trader walks out of Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File Photo
Nov 25 (Reuters) – Major stock markets in the Gulf rose in early trade on Thursday, with the Saudi index on track to extend gains for a second session.
Saudi Arabia’s benchmark index (.TASI) advanced 0.7%, with Al Rajhi Bank (1120.SE) rising 1.6% and oil giant Saudi Aramco (2222.SE) up 0.6%.
The index on Tuesday ended three sessions of declines triggered by tensions with Yemen’s Iran-aligned Houthis, who claimed responsibility on Nov. 20 for drone attacks in several parts of the kingdom, including at Saudi Aramco facilities in Jeddah. read more
On Wednesday the Saudi-led coalition said it was launching air strikes on military targets in Yemen’s capital Sanaa and asked civilians not to approach the targeted areas. read more
Dubai’s main share index (.DFMGI) gained 0.9%, boosted by a 9% surge in Amlak Finance (AMLK.DU), and was on course to rise for a tenth session in eleven.
Last week the Islamic finance company swung to a third-quarter net profit of 887.1 million dirhams ($241.55 million), against a loss of 151.4 million dirhams a year earlier.
In Abu Dhabi, the index (.ADI) edged 0.1% higher, helped by a 2.9% rise for Abu Dhabi Commercial Bank (ADCB.AD).
Turkey and the United Arab Emirates signed accords for billions of dollars of investments on Wednesday, including in technology and energy, after talks between President Tayyip Erdogan and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. read more
Sheikh Mohammed’s visit to Ankara, the first in years, comes as the two countries work to mend frayed ties and amid a currency crisis in Turkey.
The Qatari index (.QSI) added 0.1%, with sharia-compliant lender Masraf Al Rayan (MARK.QA) up 0.8%.
($1 = 3.6726 UAE dirham)Reporting by Ateeq Shariff in Bengaluru Editing by David Goodman
Our Standards: The Thomson Reuters Trust Principles.
This article was originally published by Reuters.
Ghada Ashour, who grew up in Gaza, becomes fifth scholar selected for FIA’s flagship scholarship initiative Dubai, UAE, 8th December, 2025: The FIA’s United Against Online Abuse (UAOA) Campaign has welcomed Ghada Ashour, a 24-year-old student from Palestine, to its flagship scholarship programme, created to empower the next generation of researchers in the fight against online abuse in sport. Ghada grew up in Gaza where she has been studying remotely until gaining her place on the UAOA scholarship, which brought her to Dublin City University (DCU), Ireland. Becoming the fifth scholar to join the scholarship, she was selected based on her interests in social media, and her strong passion for advancing insights in this area for the benefit of everyone participating in sport. Launched in 2023, the programme offers talented students and young professionals from diverse backgrounds the opportunity to engage in cutting-edge research on the impact, prevalence, and prevention of online abuse in sport with a focus on developing practical solutions. Funded by the FIA Foundation, the UAOA scholars have been selected to undertake invaluable research at DCU based on their project proposals, dedication to achieving positive social change, and their unique perspectives approaching this issue. Ghada’s thesis, which will be printed in English and translated into Arabic, will focus specifically on the …
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