Dubai’s stock index rose the most in more than a month, led by property companies, as investors returned from a five-day holiday during which the U.S. resolved its budget standoff. Israeli shares advanced.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Saudi Arabia, the Arab world’s biggest economy, may report a 40 billion-riyal ($10.7 billion) budget surplus this year, compared with a budget deficit of 70 billion riyals last year, according to Al-Rajhi Capital.
Al Rajhi Bank expects better financial results this year than last, thanks to an economic package the Saudi government announced March 18, Al Watan reported, citing Chief Executive Officer Abdullah Al Rajhi.