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Gulf bourses retreat as bank stocks ease on Yemen, Iran war worries
Gulf bourses ended lower on Thursday as bank stocks tumbled, with an escalation of the conflict in Yemen and stalled peace efforts hitting sentiment. Yemen’s Houthis attacked Aden airport on Wednesday, Yemeni government forces said. The group had earlier warned people to evacuate the facility as fighting escalated in the impoverished country. A Saudi-led coalition fighting the Houthis said it destroyed a ballistic missile fired by the group toward the kingdom’s eastern region early on Thursday, as hostilities between both sides showed no signs of abating. Saudi Arabia’s benchmark index decline...
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