MIDEAST STOCKS Saudi index leads most Gulf bourses higher
Aug 29 (Reuters) - Most stocks in the Gulf region rose in early trade on Sunday, with the Saudi index leading the way while Qatar bucked the trend with a 0.2% decline.
Brent crude oil futures rose $1.63, or 2.3%, to settle at $72.70 a barrel on Friday for the biggest weekly gain in more than a year as energy companies began shutting U.S. production in the Gulf of Mexico ahead of a major hurricane expected to make landfall this week. read more
Moves in oil prices are a key catalyst for the Gulf region's financial markets.
The Abu Dhabi Securities Exchange (ADX) on Saturday said it would halve its trading commission to 0.025% from 0.05% from Sept. 1, its second commission cut this year and the third in three years. read more
The United Arab Emirates will resume issuing tourist visas to vaccinated travellers from Aug. 30, state news agency WAM reported on Saturday. read more