3 months ago
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The UAE has ordered its banal markets closed connected Monday (March 2, 2026) and Tuesday (March 3, 2026) arsenic the state reels from Iran’s retaliatory rocket and drone strikes, successful a motion of the increasing economical disruption sweeping the Gulf.
The UAE Capital Markets Authority said the Abu Dhabi Securities Exchange and Dubai Financial Market would stay unopen connected March 2 and March 3, citing its supervisory and regulatory relation implicit the country’s superior markets.
“The Authority volition continue to show developments successful the portion and measure the concern connected an ongoing basis, taking immoderate further measures arsenic necessary,” it said in a statement.
The UAE’s 2 exchanges are location to immoderate of the region’s astir invaluable listed companies.
The closure keeps billions of dollars successful listed assets successful suspension arsenic investors await clarity connected the standard of harm from Saturday and Sunday’s strikes, which deed airports, ports and residential areas crossed the UAE and broader Gulf region.
Gulf markets that did unfastened connected Sunday (March 1, 2026) saw sharp declines. Saudi Arabia’s benchmark scale fell much than 4% astatine the open, Oman dropped 3% and Egypt’s main scale shed 5.44%, portion Kuwait suspended trading entirely.
All parties were advised to travel authoritative UAE Capital Markets Authority, ADX and DFM channels for updates connected the resumption of trading.
