Azerbaijan (Commerce Desk): Dubai and Abu Dhabi stock markets have lost nearly $120 billion in value since the onset of tensions with Iran following U.S. and Israeli military actions, making these Gulf financial hubs some of the most affected markets globally.
According to news agency News.Az, both cities’ benchmark indices saw sharp declines after February 28, when the U.S. and Israel carried out strikes on Iran, further escalating regional tensions.
The report states that the Dubai Financial Market (DFM) General Index fell by approximately 16 percent, resulting in a reduction of nearly $45 billion in total market capitalization.
