Israeli-US war batters UAE economy, wiping $120bn from Abu Dhabi, Dubai markets

The UAE's economy has suffered a significant shock, with over $120 billion wiped from Dubai and Abu Dhabi stock markets due to an Israeli-US war impacting its tourism, finance, and aviation sectors. The conflict, which has seen numerous Iranian missile and drone attacks on the UAE, has also led to widespread flight cancellations and a sharp decline in the real estate market.