An investor walks through the Dubai Financial Market after Joe Biden won the U.S. presidency, in Dubai, United Arab Emirates November 8, 2020. REUTERS/Christopher Pike/File Photo
Dec 2 (Reuters) – Saudi Arabian shares were little changed in morning trade on Thursday as investors kept to the sidelines after the state news agency said the kingdom had reported its first case of the Omicron COVID-19 variant.
Qatari stocks, meanwhile, were supported by gains in the banking sector.
Saudi Arabia’s benchmark index (.TASI) edged down 0.1% and was on track for its biggest weekly decline in three.
Al Rajhi Bank (1120.SE) and Sulaiman Al-Habib Medical Services Group (4013.SE)declined 0.3% and 0.7%, respectively.
Losses were offset by an about 2% rise in Saudi Arabian Mining (1211.SE).
This week’s losses mainly include a 4.5% drop on Sunday triggered by the panic over the Omicron variant that was first detected in South Africa. read more
In Qatar, the index (.QSI) was up 0.1% as Qatar Islamic Bank (.QISB.QA) rose 0.8% and the Gulf’s largest lender, Qatar National Bank (QNBK.QA), gained 0.6%.
Markets in the United Arab Emirates were closed for a public holiday.Reporting by Maqsood Alam in Bengaluru; Editing by Devika Syamnath
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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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