Stock markets in the United Arab Emirates declined on Monday after Iran warned it would strike energy and water infrastructure across the Gulf if US President Donald Trump follows through on his threat to attack its electricity grid. The ongoing regional conflict has driven sharp increases in energy prices, disrupted air travel, and severely impacted shipping operations through the Strait of Hormuz. Abu Dhabi's benchmark index slipped 1.6% with real estate giant Aldar properties falling 5% and Abu Dhabi Commercial Bank falling 4.9%. The Abu Dhabi-listed water and Electricity firm Abu Dhabi National Energy Company (better known as TAQA) declined dipped 3.6%. The Dubai index's year-to-date losses climbed to 10.7%, while Abu Dhabi's declined 5.9%, according to LSEG data.

Source: The Telegraph March 23, 2026 07:41 UTC