Brent North Sea crude rose to $53.45 a barrel on Monday -- its highest price in a year after President Vladimir Putin indicated Russia was ready to join measures to limit global oil production.
Increased buying support from foreign institutions on Monday added 75 points to lift the Qatar Stock Exchange above the 10,500 mark.
Farglory Land has resumed work on a delayed $1bn real estate project in Abu Dhabi and now expects to complete the development's first phase in 2018, two years later than originally planned.
The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non-Opec production, the International Energy Agency said on Wednesday.
Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic indicators weighed on oil.
Brent crude prices held around $50 a barrel on Friday on signs the market was moving back to more balanced supply and demand, and on an Opec meeting viewed as supportive.
Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf states are hunkering down for a long period of austerity as low crude prices pressure their economies.
State oil giant Saudi Aramco, which could soon become the world's largest listed company, will keep expanding despite low crude prices, its president said on Tuesday.
Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its oil minister.
A huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.
Kuwait is deploying national guard units to run and protect some oil facilities after workers announced a major strike for this weekend, a newspaper reported.
India's Reliance Industries Tuesday reported an almost 39 percent rise in quarterly net profit as improving margins from its oil refining business helped offset pressure from the slide in global crude prices.
