🔍 Dubai Market Slides Into Bear Territory


Dubai’s main stock index, the Dubai Financial Market General Index (DFMGI), has dropped ~22% from its late-February peak, wiping out over $43B in market value.
The sharp sell-off is largely tied to rising tensions with Iran and instability around the Strait of Hormuz.
Banking, real estate, and tourism stocks are among the hardest hit. 📉
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