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 cou

2026-10-27

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.

Other News
2026-10-27

Saudi Arabia issued a warning about threats to Khamis Mushait and Najran regions.

2026-10-27

1. The U.S. Treasury will repurchase up to $6 billion in longer-term bonds on Tuesday. 2. U.S. Trade Representative Greer: The European Investment Bank's loan to Airbus may violate the U.S.-EU trade truce agreement. 3. Japanese Finance Minister: Em