Stock markets in Dubai, Abu Dhabi to be closed

The United Arab Emirates Securities and Commodities Authority announced on Sunday evening the suspension of trading in the country’s stock markets, citing the ongoing military escalation in the region.

The closure affects both the Dubai Financial Market and the Abu Dhabi Securities Exchange and will remain in effect until Tuesday. The authority said it will continue monitoring the situation closely and is prepared to take additional measures depending on developments on the ground.

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The decision comes amid a sharp diplomatic response from the UAE following Iranian missile and drone attacks that began on Saturday. In protest, the UAE recalled its ambassador from Tehran and closed its embassy, signaling a firm stance against the attacks.

Authorities emphasized that the temporary suspension is intended to protect investors, maintain market stability, and prevent panic-driven sell-offs as geopolitical risks rise. Financial regulators urged investors and market participants to follow official announcements from the exchanges for updates on the resumption of trading.

The moves reflect growing concerns over regional security and economic stability, as tensions between Iran, the US, and regional partners continue to escalate, potentially impacting both local and international markets.