Middle East Eye
centerLIVE UPDATEIsraeli-US war batters UAE economy, wiping $120bn from Abu Dhabi, Dubai markets
NEWS SUMMARY
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.
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