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 12th of March, covering the latest developments you need to know.
“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
President of the European Council, Antonio Costa, visited Azerbaijan on Wednesday. A meeting between Costa and President Ilham Aliyev was held to reaffirm the European Union’s support amid regional security concerns, particularly following recent Iranian attacks on Nakhchivan Airport.
The 32 countries belonging to the Internatioanl Energy Agency agreed to release 400 million barrels of oil on Wednesday (11 March), in efforts aimed at bringing down the price of crude oil, which has soared since fighting between Iran, Israel and the U.S. started at the end of February.
A towering lava fountain from Kilauea shot about 400 metres into the air late on Tuesday (11 March) on Hawaii Island, prompting temporary closures at Hawaii Volcanoes National Park and part of a key highway as volcanic ash and debris fell over nearby areas.
Explosive-laden Iranian boats reportedly attacked two fuel tankers in Iraqi waters on Wednesday, killing one crew member, after four other vessels were hit in the Gulf. The attacks, targeting ships linked to the U.S. and Europe, raise the total struck in the region.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
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