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UAE stock markets close, trading halted by Abu Dhabi Securities Exchange and the Dubai Financial Market for two days amid Iran–US–Israel war fallout – The Times of India

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UAE stock markets close, trading halted by Abu Dhabi Securities Exchange and the Dubai Financial Market for two days amid Iran–US–Israel war fallout – The Times of India


UAE Stock Markets Closed: Regional Conflict Halts Trading on ADX and DFM

In an unprecedented economic response to escalating regional conflict, the United Arab Emirates has announced that its two major financial markets, the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), will remain closed on Monday, March 2 and Tuesday, March 3, 2026. The decision comes as the UAE reels from a series of retaliatory Iranian strikes following coordinated US and Israeli military actions against Iran, which have destabilised Gulf business sentiment and prompted sweeping security and economic precautions.The UAE Capital Markets Authority said that keeping the exchanges closed temporarily is part of its supervisory and regulatory mandate, providing authorities and market participants time to assess the impact of recent events on financial infrastructure and investor confidence. The halt affects equities, derivatives and trading in hundreds of billions of dollars in listed assets and is among the clearest signs yet of economic shockwaves from the regional crisis.

Why UAE stock markets are paused: Regional conflict among Iran–US–Israel disrupts confidence

The closures follow Iran’s retaliatory missile and drone strikes on Gulf cities and strategic targets, including airports and other infrastructure, after a joint US–Israel offensive. These attacks have not only led to safety measures such as airspace restrictions and travel advisories but also triggered widespread business disruption across the Gulf. Major airports in Dubai and Abu Dhabi have seen operations halted or altered and commercial hubs from ports to retail centres have felt the strain.

UAE Markets Shut Down: Is This Economic Capitulation to Regional War?

UAE Markets Shut Down: Is This Economic Capitulation to Regional War?

Financial markets are typically among the first economic indicators affected by geopolitical instability. When investors fear prolonged unrest, they often pull funds from equities and seek so-called “safe-haven” assets like gold, sovereign debt or commodities such as oil, especially when conflict threatens critical energy supply corridors like the Strait of Hormuz.

Regional market turmoil and knock-on effects in the Middle East amid Iran–US–Israel clashes

While the UAE exchanges are closed, other Gulf markets that remained open on Sunday experienced significant sell-offs as investors reacted to the turmoil:

  • Saudi Arabia’s benchmark index saw sharp drops before partially recovering as investors weighed conflict risks against energy price gains.
  • Muscat and other regional bourses also slid, reflecting broader risk-off sentiment.
  • In Kuwait, authorities took the rare step of suspending trading indefinitely due to “exceptional circumstances” linked to the same regional tensions.

Financial markets are serving as a barometer of risk and economic confidence and the dramatic moves across the Gulf underscore how intertwined political stability is with economic performance in the region.

What the UAE’s stock market closure means for investors

For both domestic and international investors, the temporary shutdown of ADX and DFM has several implications. Liquidity and price discovery are paused, leaving billions of dollars in listed assets in limbo. Risk premiums on Gulf assets may rise, as traders reassess exposure during periods of heightened uncertainty. Investor sentiment is likely to remain fragile until there are visible signs of de-escalation or credible diplomatic resolutions.Economists note that halting trading does not eliminate market pressure, it simply delays it and when markets do reopen, there may be sharp moves as investors recalibrate positions based on new geopolitical and economic realities. The conflict has not just shaken stock markets, energy markets have also reacted. Reports from analysts indicate that crude oil prices have surged as fears of supply disruptions increase, with the Strait of Hormuz, a crucial passage for roughly 20% of global oil exports, under theoretical threat of closure.

UAE Stock Markets Closed: What Does This Mean for Global Investors Amidst Escalating Conflict?

UAE Stock Markets Closed: What Does This Mean for Global Investors Amidst Escalating Conflict?

Higher oil prices can partially offset stock market pain in energy-exporting economies like the UAE but the overall economic impact remains complex. Other sectors, from tourism and hospitality to trade and logistics, have also felt immediate fallout: airport shutdowns have stranded travellers and corporate events and networking key to Ramadan business cycles have been postponed, compounding uncertainty.

UAE government messaging and future prospects

UAE authorities have stressed that public and economic safety remain top priorities. The temporary market closure is coupled with broad advisories across transportation, education and public services, such as airports issuing travel advisories and schools moving to remote learning, aimed at ensuring operational stability while the situation evolves. Officials have pledged to monitor conditions closely and communicate updates on any further market action. This includes potential rescheduling of reopening dates for ADX and DFM or additional measures to support investors once trading resumes.The UAE Capital Markets Authority ordered a two-day closure of the Abu Dhabi and Dubai stock markets on March 2–3, 2026, in response to escalating regional tensions. The pause follows retaliatory strikes by Iran after US and Israeli military action, which have disrupted markets, air travel and business operations across the Gulf. Gulf markets that remained open experienced sharp declines and volatility, reflecting investor risk aversion. Oil prices and safe-haven assets have climbed as geopolitical risk fuels global economic uncertainty. Authorities will continue to assess and communicate market developments as conditions evolve.



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High-Skilled Immigration: US tightens screws on high-skilled immigration: Denial rates surge across key visa categories – The Times of India

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High-Skilled Immigration: US tightens screws on high-skilled immigration: Denial rates surge across key visa categories – The Times of India


For Indian tech and medical professionals, researchers and even global achievers eyeing to work in the US, the path is becoming increasingly uncertain. New data shows that even the most elite immigration routes, once seen as relatively stable, are now facing sharply higher rejection rates, signalling a broader tightening of legal migration pathways.The US has significantly increased denial rates for high-skilled immigration categories in fiscal 2025 (year ending Sept 30, 2025), reflecting a policy-driven shift to restrict legal migration even for highly qualified professionals according to a new analysis by the National Foundation for American Policy (NFAP).“The latest data show that Trump administration officials intend to make it difficult for even the most highly skilled individuals from around the world to work in the US,” said Stuart Anderson, executive director of NFAP.A change of this magnitude indicates a crackdown on approvals, the analysis noted, pointing to a sharp rise in rejection rates despite no formal regulatory changes.

Green card routes for top talent see sharpest rise

The steepest increases are in employment-based green card categories used by highly accomplished professionals. The increase in denials occurred within a single year, despite no new regulations indicating a shift in adjudication standards.

  • EB-1 (extraordinary ability): Denial rates nearly doubled from 25.6% in Q4 FY2024 to 46.6% in Q4 FY2025
  • EB-2 National Interest Waiver (NIW): Denials rose from 38.8% in Q4 FY2024 to 64.3% in Q4 FY2025

Over a longer period, the trend is even sharper: NIW denial rates rose from 4.3% in FY2022 to 44.8% in FY2025, states the report.

Temporary work visas also tightening

Denial rates have also increased across key temporary work visa categories, particularly toward the end of FY2025:

  • O-1 visas: Denial rates rose from 5.0% in Q4 FY2024 to 7.3% in Q4 FY2025 . These visas are meant for individuals with extraordinary ability in fields such as science, technology, arts, education, business or sports. It is typically used by top researchers, startup founders, artists and senior professionals with a strong record of achievement.
  • L-1A visas: Denial rates increased from 8.0% in Q4 FY2024 to 9.6% in Q4 FY2025. These visas are used by multinational companies to transfer senior executives or managers from an overseas office to a US office. It is a key route for leadership mobility within global firms.
  • L-1B visas: Denial rates rose from 8.1% in Q4 FY2024 to 9.2% in Q4 FY2025. These visas are also for intracompany transfers, but specifically for employees with specialised knowledge and are often used for technical experts and niche-skilled staff.

H-1B remains stable—but pressure persists

The H-1B visa, widely used by Indian IT professionals, has not seen a comparable increase in denial rates, the denial rates remained stable at around 2.0%–2.1% in FY2025. This is attributed to a 2020 legal settlement, which limits changes to adjudication standards without formal rulemaking.However, policy pressure continues through other measures. President Trump has signed an executive order mandating a $100,000 fee to petition for an H‑1B worker outside the US. Further, selection in the lottery for H-1B cap visas is linked to wages and there is a proposal to increase wages across all levels.

Backlogs and delays worsen the squeeze

For the Indian diaspora, these statistics are worrying. Between Q4 FY2024 and Q4 FY2025, backlogs rose across key immigration filings. Pending I-129 petitions—used by employers to sponsor non-immigrant workers such as H-1B, L-1 and O-1 visa holders — increased by more than 54,000. The backlog for I-140 petitions, which are employer-sponsored applications for employment-based green cards, rose by 58,400.At the final stage, delays also deepened: the backlog for I-485 applications—filed by individuals to adjust status to permanent residence (green card) within the US—continued to grow.

Bottom line

The data signals a clear shift: legal immigration pathways are narrowing over FY2025, particularly in the latter half of the fiscal year, driven by stricter adjudication rather than new laws.



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UK inflation accelerates after Iran war drives sharp rise in fuel prices

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UK inflation accelerates after Iran war drives sharp rise in fuel prices



UK inflation lifted to its highest since December after a sharp jump in diesel and petrol prices caused by the conflict in the Middle East, according to official figures.

Chancellor Rachel Reeves said the Iran crisis was “not our war, but it is pushing up bills for families and businesses” as a result.

The rate of Consumer Prices Index (CPI) inflation increased to 3.3% in March from 3% in February, the Office for National Statistics said.

The increase was in line with predictions from economists.

Higher motor fuel was the main driver of the acceleration in inflation, increasing by 8.7% month-on-month – the largest increase since June 2022, shortly after the Russian invasion of Ukraine.

The ONS found that the average price of petrol rose by 8.6p per litre between February and March to 140.2p per litre. This marked the highest price since August 2024.

Diesel prices meanwhile increased by 17.6p per litre in March to an average of 158.7p per litre, the highest price since November 2023.

Office for National Statistics chief economist Grant Fitzner said: “Inflation climbed in March, largely due to increased fuel prices, which saw their largest increase for over three years.

“Air fares were another upward driver this month, alongside rising food prices.

“The only significant offset came from clothing costs, where prices rose by less than this time last year.”

The data revealed that the cost of air travel also increased significantly, with inflation of 14.5% compared with the same month last year.

The rise in air fares, which analysts have partly linked to the early timing of the Easter holidays, was the highest since July last year.

Meanwhile, food and non-alcoholic drink prices were up 3.7% year-on-year in March, accelerating from 3.3% inflation in the previous month.

This included another acceleration in the price of sweets and chocolates, which were up 10.6% year-on-year.

Elsewhere, clothing and footwear had a downward pressure on inflation, as prices dipped 0.8% for the month.

Sales and discounting activity pulled inflation in the category to its lowest level since March 2021.

The rise in the overall rate of inflation drives the UK further away from the 2% inflation target set by the Government and the Bank of England.

Ms Reeves said: “We’re acting to protect people from unfair price rises if they occur to bring down food prices at the till, and are boosting long-term energy security — building a stronger, more secure economy.”

James Smith, developed markets economist at ING, said: “The latest rise in UK headline CPI tells us virtually nothing about the scale and duration of the inflation wave to come.

“The Bank of England is still flying blind, with the conflict unresolved, but the limited amount of survey data available so far suggests little cause for alarm on inflation.”

Anna Leach, chief economist at the Institute of Directors, said: “As inflation has come in in line with revised expectations, and given yesterday’s labour market data which showed a fall in vacancies and further downward progress in wage growth, interest rates should hold at next week’s MPC (Monetary Policy Committee) meeting.

“But there remains tremendous uncertainty over the outlook for energy supply and prices.”



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Isle of Man price rise contingency plans ‘ready if needed’

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Isle of Man price rise contingency plans ‘ready if needed’



The Manx treasury says plans are in place to protect essential services in the wake of the Iran war.



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