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Gulf stocks drop as poor earnings and U.S. tariffs shake investor confidence

2025-08-03 15:19:31

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Stocks in the Gulf dropped Sunday as investors responded to poor earnings and fresh economic pressure from the United States, according to data from Reuters. Every major Gulf index except Egypt closed in the red. Saudi Arabia and Qatar led the declines, while Egypt was the only one to show a gain. The sell-off was driven by a combination of disappointing quarterly numbers from top Gulf companies and a growing sense of uncertainty coming from Washington, as President Donald Trump rolled out a new...

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