The wire
Gulf markets retreated on 20 July 2026 as regional tensions weighed on sentiment, with Qatar's QSI sliding 1.5% and Saudi Arabia's TASI closing marginally lower amid the broader US-Iran conflict. Mediators put a 10-day ceasefire proposal to Iran in a bid to revive an interim deal with the US, offering a potential de-escalation that markets will watch closely. In a separate development, Knowledge Economic City signed a term sheet with Albilad Capital to establish a private real estate investment fund for the Multaqa Hospitality project in Madinah, underscoring continued Saudi property development activity.
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Reuters
Gulf bourses retreat as US–Iran hostilities intensify
Qatar's QSI fell 1.5% and Saudi Arabia's TASI edged down 0.03% as escalating US-Iran conflict weighed on Gulf equity markets.
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Reuters
Mediators propose 10-day ceasefire to revive Iran–US interim deal
Mediators have passed Iran a 10-day ceasefire proposal aimed at finding a path to revive an interim deal with the United States, Reuters reported.
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Prop News Time
KEC and Albilad Capital agree terms on Madinah hospitality fund
Knowledge Economic City signed a non-binding term sheet with Albilad Capital to form a closed-ended private real estate fund for its Multaqa Hospitality project in Madinah.
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