According to CoinMeta, on Tuesday morning, the major stock markets in the Gulf region saw gains. The previous day, senior officials from Saudi Arabia, Turkey, and Pakistan met with Iranian officials in Tehran in an attempt to ease the escalating military tensions. This was the first high-level contact between Iran and these three countries since they signed a joint defense agreement in August of this year. Saudi Arabia's benchmark stock index rose by 0.5%, Dubai's main stock index by 0.6%, Qatar's stock index by 1%, and Abu Dhabi's stock index by 0.3%, with most of the gains led by banking stocks. Additionally, the owner of real estate projects in Dubai's investment parks, dip, is seeking to raise up to $543 million through IPO. If successful, this would be the first potential IPO in the UAE this year.