The United Arab Emirates (UAE) closed its main stock exchanges in Abu Dhabi and Dubai for two days following recent Iranian retaliatory missile and drone attacks. The UAE Capital Markets Authority announced that the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) would be closed on Monday, March 2nd and Tuesday, March 3rd. This decision was made to prevent panic selling and maintain market stability following tensions in the region and Iran's attacks on the UAE on Saturday and Sunday (including hits on airports, ports, and residential areas). The authority stated it would continuously monitor the situation and take further measures as needed. Such closures are rare outside of normal holidays (e.g., during periods of national mourning), suspending billions of dollars in assets and indicating increasing economic turmoil in the Gulf. Markets are likely to reopen on Wednesday, March 4th, but uncertainty remains due to Iran's threat to the Strait of Hormuz and the risk of oil prices jumping to over $100.