Dubai, Abu Dhabi stock markets closed for two days as Iran continues to attack

As the tension between Iran and the US-Israel has intensified, the UAE government has ordered its stock market in Dubai and Abu Dhabi to remain closed for the next two days – March 2 & 3. The country is bracing for missile strikes Iran has launched following the killing of its Supreme Leader, Ali Khamenei, in a joint force operation led by the US.

The UAE’s Capital Markets Authority announced that the Abu Dhabi Securities Exchange and the Dubai Financial Market will remain closed on March 2 and March 3. The decision was taken under its supervisory and regulatory authority over the country’s capital markets.

“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 said in a statement.