The Kuwaiti Finance Ministry has approved the construction of a series of projects worth $9.9 b including power plants and desalination facilities and other infrastructure projects
Dubai stocks tumbled the most since March as investors bet the longest streak of weekly gains in 15 months had taken share prices too high, too fast. Abu Dhabi equities fell to the lowest in almost three weeks.
The stock market can be a great platform for state-owned companies to finance their future plans.
Egypt stocks plummeted on Sunday for the second consecutive session as the regional conflict in neighbouring Yemen pushed local investors to sell.