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Dubai's image as a financial hub faces its biggest test yet

dw.com·Nik Martin·28 days ago
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Dubai has built a reputation as an oasis of stability in the volatile Middle East region.  The United Arab Emirates' second-richest emirate positioned itself as a secure financial hub where high-net-worth individuals could park capital, run businesses and plan for the long term with confidence. That carefully built image, however, has been shattered by the Iran war . Iranian missile and drone attacks on Gulf targets triggered a sharp economic shock, with the stock markets in Dubai and neighboring Abu Dhabi initially losing $120 billion (€103 billion) in value.…

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