Stock markets in Dubai and Abu Dhabi have taken a massive hit, losing around $120bn in value since the US and Israel launched their war on Iran on February 28. The war has sent Dubai and Abu Dhabi’s benchmark indexes plummeting, with the Dubai Financial Market (DFM) General Index down about 16 percent and the ADX General Index down about 9 percent. The DFM has lost approximately $45bn in market capitalisation, while the ADX has shed around $75bn.
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