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Drone Strike Targeting UAE Nuclear Plant Sends Gulf Markets Sliding. Regional stock exchanges dropped sharply on Monday after a drone strike hit near UAE’s Barakah nuclear power plant, while Saudi Arabia intercepted additional drones entering from Irak. The incident immediately reignited fears that the wider Iran-related conflict could spread deeper into Gulf infrastructure and energy corridors. Emirati authorities said two drones were intercepted, but a third struck an area near the nuclear installation, reportedly igniting a fire around an external electrical generator. Officials stressed that the plant remained operational and safe, while the International Atomic Energy Agency confirmed there had been no radiological impact. Nevertheless, the symbolism of a nuclear facility being targeted sent shockwaves through investors and policymakers alike. Traders interpreted the strike as another sign that critical Gulf infrastructure is becoming more vulnerable. Dubai’s benchmark index fell more than 1%, led by declines in property, banking, and airline stocks, while Abu Dhabi, Qatar, and Saudi Arabia also posted losses. The repeated attacks are beginning to erode investor confidence in sectors once considered resilient, such as luxury retail, aviation, finance, and tourism in UAE.
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