Gulf investors hold their breath amid shifting sands
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Dubai: As Iranian strikes in the UAE continued for a third day, with loud explosions heard in Dubai in the morning, investors remained on edge amid concerns over the implication of a prolonged disruption. While the stock markets in Abu Dhabi and Dubai are closed Monday and Tuesday, a move aimed at preventing excessive volatility, airports in the two emirates resumed partial operations Monday evening. Private investors, including private equity firms and businesses, meanwhile began assessing the impact of supply-chain disruptions and potential valuation pressures on their investments over the short to medium term. Most private investment firms anticipate a slowdown in deals and investment activity for a quarter or two, if the Iran-Israel war concludes by the end of March, as declared by US President Donald Trump. Even as most private sector offices operated remotely, firms huddled to review current investments, and chart strategies and opp...