Major stock markets in the Gulf put in a mixed performance on Tuesday as investors turned cautious ahead of the U.S. Federal Reserve's interest rate decision and commentary.
The operator of fitness centers in the Middle East and north Africa, Leejam posted a 22.9% rise in fourth-quarter net profit © Mena Today
Major stock markets in the Gulf put in a mixed performance on Tuesday as investors turned cautious ahead of the U.S. Federal Reserve's interest rate decision and commentary.
Saudi Arabia's benchmark index was up for a sixth straight session and ended 0.3% higher, with rising 1.7% and oil major Saudi Aramco gaining 1%.
Among other gainers, Leejam Sports surged 8.1%, hitting its all-time high of 243 riyal a share.
The operator of fitness centers in the Middle East and north Africa, Leejam posted a 22.9% rise in fourth-quarter net profit and raised its quarterly cash dividend by 20%.
The Fed is widely expected to hold rates steady in a meeting on Wednesday, with the market's attention on policymakers’ updated economic and interest rate projections and comments from Chair Jerome Powell.
Saudi Arabia is positioning itself as a new hub in Africa’s gold trade, announcing that it is ready to begin purchasing bullion directly from Sudan in a move that could reshape long-established export routes dominated by Dubai.
Under the patronage of Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and deputy ruler of Sharjah, Sheikh Dr Salem bin Abdulrahman Al Qasimi, chairman of the Ruler’s Office, inaugurated on Wednesday the Sharjah Real Estate Exhibition ACRES 2026 at Expo Centre Sharjah.
The United Arab Emirates is participating in the 56th Annual Meeting of the World Economic Forum (WEF), held in Davos from 19 to 23 January 2026.
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