Dubai Stock Market Enters Bear Territory Amid Middle East Conflict Escalation

Dubai's stock market has entered bear-market territory, with the Dubai Financial Market General Index falling over 20% from its February peak amid escalating Middle East conflict involving the US, Israel, and Iran. The downturn has impacted sectors like energy, real estate, shipping, and tourism, eroding more than $43 billion in market value. Iranian retaliatory strikes, including drone attacks near Dubai International Airport, have disrupted travel and heightened regional risks, affecting investor sentiment and market stability.