MIDEAST STOCKS-Saudi rises on corporate news, other Gulf markets also gain - Reuters:
Saudi Arabian shares rose in early trade on Sunday on the back of corporate news, as all major Gulf markets gained ground.
Supporting the region’s markets was the news that Qatar’s foreign minister had made an unannounced visit to Riyadh, two sources told Reuters.
The visit signals that a 2-1/2-year rift between U.S.-allied Gulf Arab states could soon subside, reviving trade activities between Gulf states.
Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and trade links with Qatar in June 2017, accusing Doha of backing terrorism. Qatar denies the charge and accuses its neighbours of seeking to curtail its sovereignty.
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