The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
Despite the recent escalation of conflict involving Iran and neighboring countries, expatriates from Armenia, Kazakhstan, and Russia reportedly feel secure in the United Arab Emirates.
These business owners cite the city's strong defence infrastructure, technological innovation, and favourable commercial climate as key reasons for maintaining their operations in the Gulf metropolis.
Armenian businessman Suren Manukyan, who has lived in Dubai for two years, develops artificial intelligence accounting solutions for Emirati businesses. He noted that the local mentality prioritises entrepreneurship, offering significant opportunities for growth with minimal bureaucracy.
Manukyan stated that the UAE's response to the recent regional turmoil has provided added reassurance regarding his personal safety. He described the environment as calm and free from panic, praising the country's commitment to protecting its residents.
Meanwhile Ulugbek Yulchiev from Kazakhstan operates a vehicle export business and has resided in the city for five years. He highlighted the vast potential for commercial expansion and the unparalleled variety of vehicles available in the local market.
Yulchiev has also traveled extensively across the region by car, including a recent trip from the UAE through Saudi Arabia to Jordan. Regarding the current security situation, he emphasized that daily operations continue normally. He noted that while distant explosions might occasionally be heard, the country's internal security remains at the highest level.
Anastasia Filimonova from Russia runs a production company focused on podcasts and webinars for personal branding. She stated that establishing a business in the UAE is significantly easier than in many other nations, praising the country's rapid technological advancements.
Filimonova also highlighted the inclusive culture of the city, noting a lack of prejudice regarding nationality, language, or religion.
She echoed the sentiments of other expatriates regarding safety during the current geopolitical crisis, attributing this comfort to the UAE possessing highly advanced air defence systems.
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There are fears of an oil spill after a drone strike hit a Kuwaiti oil tanker near Dubai on Tuesday, while U.S.-Israeli strikes in Iran reportedly killed at least two people. A loud explosion was heard in Beirut in southern Lebanon early Wednesday, as oil prices climbed above $100 a barrel.
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