The United Arab Emirates backed Saudi Arabia’s decision to label the Muslim Brotherhood, an Islamist group supported by Qatar, a terrorist organization amid diplomatic discord between the three countries.
Saudi Arabia officially designated the Muslim Brotherhood and several other Islamist groups as terrorist organizations, according to an Interior Ministry statement reported by the state-run Saudi News Agency.
Emerging-market stocks rose a second day as the European Union promised emergency aid to Ukraine while U.S. and Russian diplomats held talks. The Standard & Poor’s 500 Index held near a record while oil declined.
Egypt prepared to name a new government after the military-backed interim cabinet resigned abruptly in a move widely seen aimed as paving the way for a presidential run by Defense Minister Abdel-Fattah al-Seesi.