Ground Transportation
Corporate announcements show that most Gulf markets have increased their earnings
The majority of major Gulf stock markets rose on Monday morning, boosted by corporate earnings and announcements. However, the Qatari index defied the trend, trading lower. Saudi Arabia's benchmark Index edged up 0.1%, while ACWA Power Company gained 2.3% and is on course to extend gains from previous session. ACWA plans to purchase assets in Kuwait and Bahrain from French utility developer ENGIE for $693 million, according to a statement released on Wednesday. In a joint statement, the companies stated that the agreement covered operating capacities of 4,61 GW for gas-fired electricity generation and 1,11 million cubic meters of water...