{
  "id": 18318269,
  "title": "Most Gulf equities gain on easing Iran fears after US midterms, earnings",
  "url": "https://urgent.news/2026/11/05/most-gulf-equities-gain-on-easing-iran-fears-after-us-midterms",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T13:47:35.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447593/most-gulf-equities-gain-on-easing-iran-fears-after-us-midterms-earnings"
  },
  "original_language": "en",
  "account": "Most Gulf equities saw gains on Thursday, as investors speculated that the Republican losses in the recent US midterms could ease tensions with Iran and reduce the risk of conflict. This optimism boosted risk appetite in the region. Donald Trump's attempt to oust Iran's government backfired politically, as voters expressed dissatisfaction with the war and soaring fuel prices, leading to a Democratic majority in Congress and limiting Trump's options.\n\nSaudi Arabia's main stock index rose 0.6%, driven by a 1.6% increase in Saudi National Bank and an 0.8% gain in Al Rajhi Bank. Sahara International Petrochemical fell 2.9% after reporting a larger third-quarter loss. Yemen's Houthi rebels claimed on Wednesday to have attacked King Khalid International Airport in Riyadh, though Saudi authorities have not confirmed the incident. The group also ordered foreign airlines to avoid Saudi airspace.\n\nDubai's main share index closed at the same level, while Emaar Properties, a blue-chip developer, saw a 1.8% increase. After hours, the company disclosed a substantial rise in third-quarter profits. In Abu Dhabi, the stock index rose 0.6%, with International Holding closing 1.9% higher. Post-market, the conglomerate reported a third-quarter net profit of 6.22 billion dirhams ($1.69 billion), down from 8.70 billion dirhams a year earlier.\n\nThe Gulf Cooperation Council (GCC) stock markets rose as concerns over escalation and hopes for mediation overshadowed disruptions to tanker shipments in the Strait of Hormuz. Strong third-quarter results bolstered specific sectors, according to Ranim Turfa, Head of Research & Market Analysis - MENA at Tickmill. The Qatari index gained 1.8%, with Qatar Islamic Bank increasing 2.9%. Sheikh Tamim bin Hamad Al Thani, Qatar's emir, reshuffled QatarEnergy's board of directors, keeping Sheikh Abdullah bin Hamad Al Thani as chairman and Saad al-Kaabi as vice chairman, according to the emir's office. Outside the Gulf, Egypt's blue-chip index climbed 1%. The US Embassy announced a $125 million deal between Washington and Cairo to facilitate American firms' entry into Egypt and stimulate private-sector expansion.",
  "summary": "Most Gulf equity markets ended higher on Thursday as investors bet that Republican losses in this week’s US congressional elections could reduce the risk of a wider conflict with Iran, boosting risk appetite across the region. US President Donald Trump’s push for regime change in Iran backfired politically, with voters angered by the war and high fuel prices, delivering Congress to the Democrats…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}