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Bloomberg
Torrential rain and electrical storms battered the UAE, shutting Abu Dhabi’s stock exchange and the city’s international airport. Schools were closed and roads across Dubai and other emirates were flooded.
Wednesday’s trades at the Abu Dhabi Securities Exchange, the second-biggest in the Gulf Cooperation Council by market value, were cancelled, according to Al Arabiya TV. No one at the exchange could be reached for comment. Abu Dhabi’s airport, home to Etihad Airways, suspended flights for about an hour because of “severe weather conditions.â€
Construction work in the city was halted since the previous day as a precaution, Abu Dhabi TV reported. The municipality urged people to stay at home until weather conditions improve as trees were uprooted and building materials littered some roads.
“This storm is quite severe,†said Ahmed Shehada, the Dubai-based executive director of advisory and institutions at NBAD Securities LLC.