Corporate earnings announcements will likely be the primary driver of the GCC equity markets as the earnings cycle picks up pace. This week, Nakilat, QEWC, Ahli Bank, Zain Bahrain, and several others are expected to announce 1Q 2022 financial results.
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Oman Investment Authority (OIA), which owns more than 160 government companies, is targeting to privatize over 30 firms by 2025. OIA's Chairman said that the privatized companies could be listed on the Muscat bourse and owned by the citizens of Oman.