RIYADH/DUBAI — Gulf stock markets declined after Yemen’s Houthis claimed missile and drone attacks against sensitive sites near Riyadh’s main airport. Saudi Arabia’s principal index lost 0.3%, Qatar fell 1.1%, and Egypt’s EGX30 declined 0.2%.
Saudi authorities activated emergency warnings after explosions were heard around the capital. China is reportedly pressing Iran to use its influence over the Houthis, while investors are watching for possible de-escalation during forthcoming U.S.–Gulf talks.
Why it matters: Sustained attacks near Riyadh could damage business confidence and threaten Saudi energy and transportation infrastructure.
