ADX, DFM Halt Trading as Crisis Escalates
As tensions escalated across the Gulf, authorities suspended trading on the UAE’s two main exchanges — Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) — until Tuesday, March 3. The move came after Iranian missile and drone attacks struck parts of the country. Consequently, officials acted quickly to protect investors and maintain order in financial markets. Meanwhile, local media confirmed three fatalities and several injuries. Notably, Iran launched the strikes in response to joint US–Israel military operations, further intensifying regional instability.
Airports Targeted, Explosions Rock Cities
Soon after the attacks began, residents in Dubai and Abu Dhabi reported loud explosions. In particular, a strike damaged part of Dubai International Airport, one of the world’s busiest aviation hubs. However, airport authorities contained the situation swiftly and continued to assess operations. Four employees sustained injuries in the incident. At the same time, officials in Abu Dhabi confirmed that an airport-related incident killed one person and injured seven others. Additionally, Kuwait’s civil aviation authority reported that a drone strike caused minor injuries and limited structural damage at its airport.
Landmarks Hit as Smoke Rises Over Dubai
Furthermore, the UAE defence ministry reported fires near major landmarks, including Palm Jumeirah and Burj Al Arab. Witnesses described thick smoke rising from a hotel in the Palm Jumeirah area. Shortly afterward, emergency services rushed to the scene. Dubai Civil Defence quickly brought the blaze under control and transferred four injured individuals to hospitals. As a result, authorities tightened security across commercial hubs and residential districts to prevent further damage.
Indians Stranded; Government Steps In
Meanwhile, the escalating conflict disrupted travel across the Gulf and stranded several Indian nationals. Among them were actors Subhashree Ganguly and Sonal Chauhan, who remained safe in Dubai hotels. In response, Union minister Pralhad Joshi assured families that the government continues efforts to secure safe returns. However, he described the situation as volatile and warned that flight operations remain risky. Overall, with markets closed and airports under strain, officials continue to monitor developments closely as the regional crisis deepens.
