Gulf equities climbed higher on Monday, as investors appeared to shrug off the drop in oil prices amid China’s fresh COVID-19 restrictions and potential rate hikes by the U.S. Federal Reserve.
Oil prices, a key driver for financial markets in the Middle East, fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe.
Oil…
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