War wipes $120bn from UAE markets, as economy comes under pressure

War wipes $120bn from UAE markets, as economy comes under pressure Submitted by Elis Gjevori on Sun, 03/29/2026 - 20:22 Israeli-US war on Iran hits UAE markets, aviation and property, exposing structural vulnerabilities to an economy that once project A smoke plume rises from an ongoing fire near Dubai International Airport in Dubai on March 16, 2026. (AFP) Off The United Arab Emirates (UAE) is facing its most serious economic shock in decades, as the Israeli -US war on Iran delivers a direct hit to its core industries, from finance to aviation, exposing major vulnerabilities in its economic model. More than $120bn has been wiped from market capitalisation on the Dubai and Abu Dhabi stock exchanges in the last month, while over 18,400 flights have been cancelled.