Gulf markets opened higher Tuesday morning after senior officials from Saudi Arabia
Arabia, Turkey and Pakistan met Iranian officials in Tehran seeking to
de‑escalate military tensions. The meeting was the first high‑level contact
since the three countries signed a joint defense agreement in August. The
conflict, triggered by US and Israeli strikes on Iran, has spread to Saudi
Arabia and Yemen. Saudi benchmark index +0.5%, Dubai main index +0.6%, Qatar
+1.0%, Abu Dhabi +0.3%, led by gains in bank stocks. Separately, Dubai
Investment Park developer DIP Holdings is seeking up to $543m via an IPO for its
real estate project; if completed, it would be the first potential UAE IPO this
year.