Abu Dhabi, March 01 (QNA) - The United Arab Emirates has announced the closure of its capital markets from Monday until further notice.

In a statement carried by the Emirates News Agency, the Securities and Commodities Authority said trading would be suspended across the country's exchanges, including the Abu Dhabi Securities Exchange and the Dubai Financial Market.

The authority said it would continue to closely monitor developments in the region, assess the situation on an ongoing basis, and take any additional measures deemed necessary in light of emerging developments. (QNA)