Dubai and Abu Dhabi explosion shocks Middle Eastern financial center.
According to foreign media reports, the twin cities of Dubai and Abu Dhabi in the United Arab Emirates have developed into global financial centers, with their foundation based on security, stability, and proximity to strong capital. However, the attack by Iran on Saturday may impact their financial status. Dubai's ability to become a hub for hedge funds and Abu Dhabi's position as a stronghold for sovereign wealth funds are both built on carefully crafted images that are not affected by regional turmoil. Like the UAE, Saudi Arabia and Qatar are also actively attracting financial companies to promote economic diversification and reduce dependence on oil. In recent years, foreign investors have been increasingly willing to invest and start businesses in the Gulf region. However, this event will have significant implications for the global financial community. This is the first time Iran has launched an attack on all US facilities in the region.
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