UAE Stock Markets to Close for Two Days Amid Iran Strikes

The United Arab Emirates said its two key markets will close for two days of the week, avoiding a possible meltdown after the Gulf country was repeatedly hit as Iran retaliated against US-Israeli airstrikes.

Abu Dhabi Securities Exchange and Dubai Financial Market will be closed on March 2 and March 3, the UAE Capital Market Authority said in an emailed statement. “The Authority will continue to monitor developments in the region and assess the situation on an ongoing basis, taking any further measures as necessary,” it added.