UAE stocks generate over AED 1 billion cash flows Monday

Oman Air confirmed that flights to and from Amman (AMM), Dubai (DXB), Bahrain (BAH), Doha (DOH), Dammam (DMM), Kuwait (KWI), Copenhagen (CPH), Baghdad (BGW), and Khasab (KHS) are cancelled until March 22.

The UAE has led a successful UN diplomatic push, with the Security Council adopting Resolution 2817 to condemn Iran's "egregious attacks." Co-sponsored by 140 nations, the resolution demands an end to "indiscriminate strikes" and affirms the UAE's right to self-defence against threats to its sovereignty and civilian infrastructure.

The UAE has activated air defences to intercept an Iranian missile and drone attack, advising residents to "remain in a safe location." Authorities have intercepted over 1,700 threats since the conflict began. While most were neutralised, hostilities have tragically caused six deaths and 131 injuries among various nationalities.

MEA official spokesperson Randhir Jaiswal, while addressing an Inter-Ministerial Briefing on Recent Developments in West Asia, said that the Indian Embassy in Tehran remains fully operational and is on high alert. The government is assisting Indian nationals, including students and pilgrims, who wish to leave the country. He further added that those choosing to exit Iran via land, the embassy is assisting citizens in crossing into Armenia and Azerbaijan, from where they can board commercial flights to return to India.

The International Energy Agency (IEA) on Wednesday announced the largest-ever release of emergency oil stocks in its history, making 400 million barrels of oil available to global markets to mitigate disruptions caused in the global energy supply by the ongoing West Asia conflict.