U.S. Secretary of State Mike Pompeo will meet with King Salman, Crown Prince Mohammad bin Salman and Foreign Minister Faisal bin Farhan during a three-day visit to Saudi Arabia starting on Wednesday, the U.S. State Department said.
Egyptian stock markets fell sharply on Tuesday ahead of
its central bank meeting later this week to decide on rate cuts, while Saudi
shares were pulled lower by losses at Etihad Etisalat (Mobily) after it missed
fiscal year profit estimates.
Other major Gulf stocks were mix
Two plants in Brazil's Paraná
state operated by food processor BRF SA have been
suspended from exporting poultry to Saudi Arabia, dealing a blow
to the company's business activities in an important export
Brazilian food processor BRF
SA said on Monday that two of its plants have been
temporarily suspended from exporting poultry to Saudi Arabia due
to alleged irregularities in feed production revealed by a probe
conducted between 2014 and 2018.
Most Middle Eastern markets closed higher on Monday, with
Saudi Arabia gaining on support from Saudi Aramco, while Qatar bucked the trend
on news it had delayed choosing partners for the world's largest liquefied
natural gas project.
Saudi Arabia's benchmark index was up 0.5
Brazilian meatpacker BRF SA
said on Monday that two of its plants in the southern
state of Paraná have been temporarily suspended from exporting
poultry to Saudi Arabia due to alleged irregularities in feed
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