UAE stock market resumes trading and launches stress test; Dubai imposes a 5% price limit to strictly prevent sell-off shocks
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格隆汇 March 3|The United Arab Emirates announced that two key markets, which had been closed for two days due to the impact of the US-Israel war against Iran and conflicts in the Middle East, will reopen for trading on March 4. The UAE Securities and Commodities Authority (SCA) stated in a declaration that the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) will resume trading on Wednesday. The Dubai Securities Exchange announced it will implement a 5% "temporary downward limit threshold." The regulatory authority stated: "Our bureau will continue to monitor developments and take any measures deemed appropriate according to its responsibilities to ensure investor protection." According to informed sources, the UAE and Qatar are privately lobbying allies in an effort to persuade Trump to seek an exit strategy, thereby shortening the US military action against Iran.
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