UAE equities close mixed on fears of escalation in Middle East conflict
By Mohammad Edrees
Published on April 3, 2026.
The United Arab Emirates stock markets closed mixed on Friday amid fears of an escalation in the Iran war. This comes after U.S. President Donald Trump renewed his threat to strike Iran's power and transportation infrastructure. An Iranian attack reportedly caused material damage to a power and water desalination plant in Kuwait. Meanwhile, oil prices rose by 8% as traders worried about prolonged disruptions to global oil supply.
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