UAE stock markets to close for two days amid Iran strikes

Fortune

by Sherif Tarek, Omar Tamo, Farah Elbahrawy, Bloomberg

March 1, 2026

AI-Generated Deep Dive Summary

The United Arab Emirates (UAE) has announced the closure of its two major stock exchanges, Abu Dhabi Securities Exchange and Dubai Financial Market, for March 2 and March 3. This decision comes amid escalating tensions as Iran retaliates against US-Israeli airstrikes with missile and drone attacks on UAE territories since Saturday morning. While most attacks have been intercepted, the ongoing threat has caused widespread panic among residents and poses significant risks to the UAE's economy, particularly its status as a financial hub. The UAE's stock markets, valued at $1.1 trillion, are the 19th largest globally and hold a 1.4% weight in MSCI’s emerging markets benchmark. Analysts warn that economic instability could lead to reduced demand for UAE properties, with over 350,000 new units potentially unsold, and a drop in tourism, affecting major attractions like Dubai Mall. This closure highlights the vulnerability of financial markets during geopolitical crises. The decision is unusual outside national mourning or scheduled holidays, underscoring the severity of the situation. The UAE joins other countries that have halted stock trading during periods of turmoil. For instance, Turkey resumed trading after an earthquake in 2023 with a market surge, while Russia's market remained closed for a month following its invasion of Ukraine. This move reflects the broader impact of regional conflicts on global markets. Investors and businesses closely monitor such developments due to their potential to disrupt economic stability, particularly in key financial hubs like the UAE. The situation underscores the interconnectedness of geopolitical tensions and international markets, emphasizing the need for ongoing vigilance and strategic response from authorities.

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Originally published on Fortune on 3/1/2026