Dubai's Financial Sector Fears Prolonged Conflict Amid US-Israeli Offensive in Iran

Dubai's financial sector is experiencing growing fear and uncertainty due to a US-Israeli offensive in Iran, impacting its status as a safe haven for the wealthy. The emirate's shadow banking system is particularly vulnerable to a drawn-out conflict.

4 Aug, 02:00 — 4 Aug, 02:00

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le-mondeHigh28d ago

'Uncertainty is almost worse than war': In Dubai's financial sector, fear of drawn-out conflict grows

The emirate remains particularly attractive to the shadow banking system. But since the US-Israeli offensive began in Iran in February, it has no longer been a safe haven for the world's richest.

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Dubai's Financial Sector Fears Prolonged Conflict Amid US-Israeli Offensive in Iran

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'Uncertainty is almost worse than war': In Dubai's financial sector, fear of drawn-out conflict grows

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