Most Gulf markets edge higher

Most Gulf markets inched higher on Monday after Iranian negotiators reported progress in peace talks with the United States, soothing fears that the process was faltering, reports Reuters.

The first round of talks between senior US and Iranian officials in Switzerland concluded on Monday, mediators said, after a fraught opening marked by Tehran's renewed closure of the Strait of Hormuz and President Donald Trump's repeated threats to resume attacks on Iran.

Dubai's main share index added 0.1 per cent, helped by a 2.1 per cent rise in utility firm Dubai Electricity and Water Authority.