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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Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
The European Union's foreign policy chief Kaia Kallas says the bloc will tighten enforcement of sanctions against Russia over its war in Ukraine. EU foreign ministers were meeting in Ireland following renewed Russian strikes on cities across Ukraine.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Kazakhstan has received a fresh vote of confidence in its economy after S&P Global Ratings upgraded the country’s credit rating, citing stronger public finances, solid reserves and steady economic growth.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
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