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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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of July, covering the latest developments you need to know.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 23rd of July, covering the latest developments you need to know.
The United States has bombed Iran for an 11th consecutive night as the Pentagon says the war’s cost reach $37.5 billion. President Donald Trump threatens a heavy strike on the suspected Pickaxe Mountain nuclear site. Tehran warns that any attack could trigger a wider regional escalation.
U.S. strikes on Iran entered a 12th consecutive night, while Yemen's Houthis said they attacked two Saudi oil tankers in the Red Sea, urging President Donald Trump to warn Tehran it would be held responsible for any future Houthi attacks.
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed regional developments, transport connectivity, energy cooperation and the Azerbaijan-Armenia peace process during talks in Berlin.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
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