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Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff
Most Gulf markets closed higher on Wednesday, with Dubai leading regional gains as investors assessed the US midterm fallout and looked to Washington’s next move in the Iran war. US President Donald Trump conceded that the Iran war contributed to his party’s crushing midterm losses, which handed Democrats control of both the House and the Senate. Dubai’s main share index jumped 4%, with top lender Emirates NBD surging 6.1% and blue-chip developer Emaar Properties increasing 4.4%. The property giant is offering to buy all Emaar Development shares it doesn’t already own, at AED 15 per share in c...
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