Gulf Stock Markets Mixed Amid U.S. Tariff Uncertainty; Dubai's GEMS Education Plans $300M Expansion

Gulf stock markets showed mixed performance in early trading on Monday, influenced by uncertainty surrounding potential U.S. tariffs. U.S. Commerce Secretary Howard Lutnick indicated that tariffs on Canada and Mexico would take effect on Tuesday, with President Trump to decide on the final tariff level. Saudi Arabia's benchmark index rose by 0.4%, recovering from a five-day losing streak, while Dubai's main share index edged up 0.1%. Abu Dhabi's index also saw a 0.1% increase. However, the Qatari index declined by 0.5%. Separately, Dubai-based GEMS Education announced plans to invest approximately $300 million over the next 2-3 years to expand its operations, citing population growth and an influx of affluent individuals as key drivers.