Banks in Kuwait rose on Thursday after reports that the government gave a green light to local lenders to finance a 30 billion dinar development plan and is prepared to back them with guarantees.
Most other Middle East markets also closed higher, backed by higher oil prices and an upbeat performance of Asian markets amid average volumes during the month of Ramadan. [MKTS/GLOB]
Port operator DP World (DPW.DI: Quote), which is listed on the Nasdaq Dubai, extended its gains, hitting a 15-week high, one day after posting its half-year results.
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