Saudi Stocks Lead Mideast Advance as OPEC Pledges Oil Stability
- Dubai gains as U.A.E. government approves $82 billion spending
- Dana Gas bucks Abu Dhabi drop after court awards $100 million
How Shale Oil Is Disrupting OPEC
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Saudi Arabian stocks rose to the highest level in four weeks, tracking gains across the U.S. and Europe last week, after the country’s oil minister said OPEC and other crude producers are working to stabilize the market.
The kingdom’s Tadawul All Share Index climbed 2.1 percent to 7,179.17, leading advances across most Middle Eastern markets. Dubai’s DFM General Index increased a second day to the highest in more than a week after the United Arab Emirates said it would invest more than $80 billion to diversify its economy away from oil.