Dubai enlisted businesses to help secure hub status after Iran war shock: report

Published
0

Days after Iran began striking targets across the UAE in March, Dubai’s top officials gathered hundreds of business leaders to discuss how the Gulf tourism and financial hub could limit the economic damage, Reuters reports.

The meeting, unusual for its size and timing, helped spur measures including a central bank liquidity package, said five people present, who declined to be named because it was private.

Attendees were asked three questions: What should we do to get tourists back? What should we do to get investors back? And how can we support your business? two of the people said, adding that the crown prince of Dubai had circulated between tables, asking business leaders for their input.

Dubai has since pledged 2.5 billion dirhams ($681 million) in support, focused mainly on sectors such as tourism and retail, which have been hit hardest by the conflict.

While a preliminary US-Iran peace deal is easing the immediate strains, restoring business confidence in Dubai will take time and may require more incentives, six company leaders and analysts told Reuters.

Read more here.

Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. — AFP/File
Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. — AFP/File

Opinion

Editorial

Talks, at last
Updated 03 Oct, 2026

Talks, at last

The government’s constant threats to suspend KP’s elected dispensation over a political protest have escalated hostilities considerably. In that context, both sides did well to start talking.
IWT’s future
03 Oct, 2026

IWT’s future

TOGETHER with the Kashmir dispute, India’s unilateral suspension of the Indus Waters Treaty has become the biggest...
Pained minds
03 Oct, 2026

Pained minds

IN Pakistan, mental healthcare is wedged between two extremes — a luxury or a stigma. Estimates cited by the...
Risks ahead
Updated 02 Oct, 2026

Risks ahead

To think that the government would rather push out an elected government than grant a single prisoner some facilities does not square up rationally.
Exit from Iraq
02 Oct, 2026

Exit from Iraq

AMERICAN and British troops have once again shipped out of Iraq. On Wednesday, the foreign forces left the Arab...
Lahore’s ozone warning
02 Oct, 2026

Lahore’s ozone warning

LAHORE has received another warning that its air pollution crisis cannot be treated as a problem that begins with...