Economics
Gold traded little changed on Tuesday as investors awaited potential policy spinoffs from the US presidential election, while China's upcoming leadership transition and Greece's strike over a new austerity package also kept sentiment cautious.
Qatar and the United Arab Emirates have requested the sale of up to $7.6 billion in Lockheed Martin Corp missile-defense systems to counter perceived threats and lower their dependence on U.S forces, the Pentagon has announced.
The Lebanese public sector employees’ association said it will take part in a general strike scheduled for Thursday if the government fails to pass salary increases in its Wednesday parliamentary session.
Companies
Dana Gas, which last week missed a $920 million Islamic bond redemption, said on Tuesday it was still negotiating a standstill agreement with a creditors’ committee.
Ahli United Bank, Bahrain's largest lender by market value, saw its third-quarter net profit rise 11 percent, as its earnings were boosted by an increase in net interest income.
Growth of business activity in Saudi Arabia's non-oil private sector fell slightly in October from a four-month high, a survey of over 400 private companies showed on Monday.
Abu Dhabi's state-owned investment fund Mubadala is seeking bondholders' consent to alter certain contract terms on outstanding bonds worth about US$3.4bn.
