The UAE Capital Markets Authority ordered the closure of the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) on March 2-3, 2026, due to escalating conflict following Iranian retaliatory strikes on Gulf targets after US-Israel actions against Iran.
Reasons for Closure
The rare two-day halt affects equities, derivatives, and billions in assets, allowing assessment of financial infrastructure and investor confidence shaken by missile/drone attacks on UAE cities, airports, and infrastructure. It’s a precautionary measure alongside airport shutdowns, school closures, and event postponements during Ramadan prep.
Economic Fallout
Open Gulf markets saw sharp drops from risk aversion, with oil prices and safe-havens rising; UAE property, tourism (120M Dubai Mall visitors), and banks like Emaar face demand shocks from 350K new units. Authorities will monitor and update on reopening, prioritizing safety.
