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Gulf bourses retreat as Saudi-Houthi tensions surge
Most Gulf stock markets ended lower on Wednesday as fighting between Yemen’s Houthis and Saudi-backed government forces intensified on several fronts. Yemeni government forces are pushing a major offensive to retake ground lost to weeks of Houthi advances, backed by stepped-up Saudi air strikes. The Houthis struck Aden International Airport on Wednesday with ballistic missiles and explosive drones, Yemen’s Transport Ministry said, marking a sharp escalation in clashes with Saudi-backed government forces. Hostilities between the kingdom and the Houthis have escalated as well. Two attacks on Mon...
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