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Gulf Markets Fall on US-Iran Talks
Most of the Gulf stock markets declined due to the lack of progress in the indirect talks between Iran and the United States, with most of them closing lower today, Sunday. Meanwhile, the Saudi market saw a slight decrease of 0.3%, and the non-oil private sector experienced stronger growth in June, despite still facing rising costs and declining export demand. In contrast, Qatar saw a modest increase, while Kuwait, Oman, and Bahrain's indices declined. In Egypt, stocks rose by 1.2%, supported by growth in the banking sector and leading shares.
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