a woman walks through the dubai financial market after joe biden won the us presidency in dubai united arab emirates november 8 2020 reuterschristopher pike may 26 reuters  major gulf stock markets rose in early trade on thursday as oil prices firmed with the dubai index on track to end a threesession losing streak oil prices a key catalyst for the gulf financial market rose on signs of tight supply while the european union eu wrangles with hungary over plans to ban imports from russia the worlds secondlargest crude exporter after it invaded ukraine the kingdoms ministry of industry and mineral resources announced start of receiving qualification offers for umm aldamar site minerals exploration license oil behemoth saudi aramco 2222se has approached motor oil and lubricant maker valvoline inc vvvn to buy its segment catering to commercial customers reuters reported on wednesday citing sources familiar with the matter read more shares of aramco which is at par with apple inc aaplo as the worlds most valuable company were flat in early trade in abu dhabi the index ftfadgi gained 1 buoyed by a 33 jump in e etisalatad after the telecoms firm launched regions first telco nonfungible token nft collection an nft is a digital asset that exists on a blockchain a record of transactions kept on networked computers the blockchain serves as a public ledger allowing anyone to verify the nfts authenticity and who owns it dubais emirates central cooling systems corporation empower has invited investment banks to pitch for roles in its planned initial public offering which is slated for later this year two sources with direct knowledge of the matter said read more the qatari index qsi edged up 03 led by a 13 gain in petrochemical maker industries qatar iqcdqa