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Aramco Up for Third Session With Eye on Passive Flows: Inside EM

(Bloomberg) — Saudi Aramco shares advance for a third session — though the market valuation remained below $2 trillion — with investors focusing on the energy company’s inclusion in major international equity indexes this week.The stock climbs 1% in Riyadh, extending gains since it started trading on Wednesday to 16%. The main Saudi index also advances, along with peers in the Middle East, as they catch up with global markets after the U.S. and China agreed on a phase-one trade deal last week.MSCI Inc., which compiles the most popular emerging-market equities index, will add Aramco to its benchmarks using the …read more […]

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Gulf Arabs Take Fitful Steps to End Qatar Rift as Iran Looms

(Bloomberg) — Qatar isn’t currently in talks with the United Arab Emirates over mending a 30-month regional diplomatic and economic rift, Qatari Foreign Minister Mohammed bin Abdulrahman Al Thani said in a Bloomberg TV interview.Qatar has held discussions with Saudi Arabia, however, and the easing of its earlier impasse with the kingdom has enabled the two neighbors to develop a line of communication, Al Thani said on Saturday in the Qatari capital. He held out the possibility of similar talks in the future with the U.A.E.“Our conversation right now is with Saudi Arabia, and we think we are going to …read more […]