Arabtec Holding Co., the biggest listed construction contractor in the United Arab Emirates, gained after the company announced plans to build 1 million houses in Egypt.
Abdel-Fattah al-Seesi, the Egyptian defense minister who has signaled he may seek the presidency, started a campaign to build one million housing units.
Qatar stocks advanced for a second day as investors bet the gas-rich nation will resolve a row with Gulf neighbors through diplomacy. Dubai’s gauge declined.
India, Asia’s second-biggest energy user, is in talks with Saudi Arabia and Kuwait for better terms on oil contracts as surging U.S. output frees up supplies.
The Organization of Petroleum Exporting Countries will reduce crude exports this month as refiners in Asia prepare for seasonal maintenance, according to tanker-tracker Oil Movements.
The following is a selection of the most important news affecting the oil market.
Qatar stocks gained the most in almost six months as investors bet a diplomatic row between the country and its Gulf neighbors will fade.
Qatar’s benchmark index slipped the most in more than six months after three Persian Gulf nations withdrew ambassadors from the gas-rich country over its perceived meddling in regional affairs.
Qatar will probably soften its support for the Muslim Brotherhood to ease tensions with Gulf allies, which drove its credit risk to the highest level in three months.
On the afternoon of the Sept. 11, 2001, terrorist attacks, Osama bin Laden summoned his son-in- law, Sulaiman Abu Ghayth, seeking help to recruit others to join the mission to attack Americans, a prosecutor said.