Gulf markets opened higher Tuesday morning after senior officials from Saudi 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 defence 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 stock

Gulf markets opened higher Tuesday morning after senior officials from Saudi 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 defence 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.