UAE stocks tumble as markets reopen after Iranian strikes Related news
Tamara Ceaikovski
ISTANBUL Stocks in the United Arab Emirates (UAE) dropped sharply on Wednesday as markets in Dubai and Abu Dhabi reopened after a two-day shutdown triggered by Iranian drone and missile attacks. Dubai’s benchmark index fell about 4.9%, putting it on track for its steepest decline since May 2022. Abu Dhabi’s main index slipped more than 3%, marking its sharpest intraday drop since August, while the Nasdaq UAE 20 index declined 4.3%. In Dubai, losses were led by state-owned lender Emirates NBD,
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