New Delhi, March 3 -- The United Arab Emirates said two key markets will reopen for trading on March 4, after two days of closure due to the US-Israeli war on Iran and conflict across the Middle East.

The Dubai Financial Market and Abu Dhabi Securities Exchange will reopen on Wednesday, the UAE Capital Market Authority said in a statement. Dubai's stock exchange said it is implementing a "temporary adjustment limit down threshold" of 5%.

"The Authority will continue to monitor developments and take any measures deemed appropriate in line with its mandate, in order to ensure investor protection," the regulator said in a statement.

The UAE has sought to repel dozens of projectiles fired by Iran, a response to US and Israeli strikes that ...