The first week of 2018 brought good news all across the Gulf Cooperation Council. With oil prices having reached a two-year high not long before, member nations were feeling positive about their prospects.
Although most have begun the process of adjusting to a lower petroleum pricing regime and its effects on their revenues, increased income from that regionally important resource is always welcome. As a result, equity markets throughout the GCC turned in impressive results with their first week of trading in 2018. A report from Al Masah Capital Management published in The Gulf Today focused on the top performers.
Good News and Strong Performances Throughout the Gulf
As many had expected, the United Arab Emirates led the way. With economies that are significantly more diversified than those of other member nations, Abu Dhabi and Dubai tend to fare well even when other GCC countries are struggling. At the same … Read the rest