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Story summary
- The United Arab Emirates faces a severe economic downturn tied to the ongoing Israeli-US war on Iran, with market capitalization down by more than $120 billion.
- The Dubai index has dropped 16% since late February.
- Real estate sales plunged over 50% versus February.
- Authorities detained around 70 UK nationals for filming Iranian attacks.
- Over 18,400 flights were canceled and hotel bookings collapsed.
