Stock markets in Dubai and Abu Dhabi will remain closed until further notice as regional tensions escalate following Iranian strikes
DUBAI: The United Arab Emirates’ financial regulator has ordered the indefinite closure of the Dubai and Abu Dhabi stock exchanges. The move comes amid heightened regional conflict following Iranian military strikes.
The Emirates have been targeted by Iranian strikes since Saturday. These actions are a reported response to joint Israeli-US attacks on Iran.
An initial announcement stated the markets would close only for Monday and Tuesday. This position was revised within hours to an open-ended suspension.
“The Authority confirms that it will continue to closely monitor developments in the region and assess the situation on an ongoing basis, taking any further measures as necessary,” the regulator said in a statement. It advised all concerned parties to follow official channels for further updates.
