Most Gulf stock markets ended lower on Wednesday as fighting between Yemen's Iran-aligned Houthis and Saudi-backed government forces intensified on several fronts.Saudi-backed Yemeni government forces are pushing a major offensive to retake
Most Gulf stock markets ended lower on Wednesday as fighting between Yemen's Iran-aligned Houthis and Saudi-backed government forces intensified on several fronts.
Saudi-backed 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 Monday evening targeted airports in Jazan and Najran, injuring three people and causing limited damage, Saudi Arabia's aviation authority said.
Saudi Arabia's benchmark index slipped 0.5%, dragged down by a 0.9% fall in Al Rajhi Bank.
The Saudi-led coalition, which is trying to retake strategic territory seized by the group, said it had intercepted and destroyed a Houthi ballistic missile fired towards Khamis Mushait in the kingdom's southwest.
Meanwhile, there was no sign of a thaw between Washington and Tehran. On Tuesday, US President Donald Trump said nobody knew who was running Iran during the conflict, which is now in its eighth month.
Dubai's main share index fell 0.2%, hit by a
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