Gulf financial markets react to outcomes of GCC’s AlUla Summit
Published 06 Jan,2021 via Asharq Alawsat (English Edition) - The outcomes of the 41st annual summit of the Gulf Cooperation Council (GCC), which was held in Saudi Arabia’s historical AlUla city, have reflected positively on Gulf markets.
Affirming the importance of solidarity and stability in the Gulf, Arab and Islamic countries, Gulf leaders and participating delegations at the summit signed an agreement to open a new page for intra-Gulf relations.
The Qatari stock index closed 1.4% higher on Tuesday, leading other Gulf markets, with analysts saying that the boost stems from the deal which ended a more than three-year row between Doha and some Gulf states.
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Asharq Alawsat