Passenger Ground & Sea Transportation
Gulf markets stable amid mixed earnings and muted response to EU-US Trade Deal
Gulf stocks were little changed early on Tuesday, as investors cautiously welcomed a new trade agreement between the U.S.A. and the European Union. However, disappointing earnings for the second quarter weighed on the sentiment. In the framework deal that was announced at the weekend, the U.S. will impose a 15% tariff on the majority of EU products. This is the best the EU could hope for, according to Ursula von der Leyen, President of the European Commission. The initial relief that President Donald Trump was able to reach a deal, despite threatening to levy 30% on the goods, quickly turned...