CMA suspends UAE stock markets amid Iranian missile and drone attacks

In response to Iran’s ballistic missile and drone strikes targeting the United Arab Emirates, the national Capital Market Authority (CMA) has officially announced the suspension of the country’s stock markets, including the Abu Dhabi Securities Exchange and the Dubai Financial Market, until further notice.

In a statement issued on Monday morning, March 2, the Authority said it is closely monitoring regional developments and may implement additional measures if necessary.

The context

The escalation follows a large-scale attack launched on Saturday, February 28, by Israel and the United States against Iran’s military forces and leadership. The strikes reportedly resulted in the killing of Iran’s Supreme Leader, Ayatollah Ali Khamenei.

In response, Iran began launching ballistic missiles and drones targeting U.S. allied countries across the region, including the United Arab Emirates, Bahrain, Qatar, Israel, Kuwait, and Jordan.