Some wealthy Asians look to move Dubai assets closer to home on Iran war fears

Soon after the first Iranian missile and drone attacks on Dubai last week, two Indian entrepreneurs based there tried to move more than $100,000 each from their local bank accounts to Singapore to hedge risk. Technological glitches in the aftermath of the Iranian attacks initially scuppered those plans, the entrepreneurs, who did not wish to be identified due to the sensitivity of the matter, told Reuters. One of them said he managed to subsequently transfer the sum to his Singapore bank acco...

By none@none.com (Reuters)