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business Dw English 2026-05-04

Dubai's Financial Hub Status Tested Amidst Iran Tensions

Wealthy elites are reportedly moving capital and assets from Dubai to Singapore and Switzerland due to the escalating tensions surrounding the Iran conflict. This migration challenges Dubai's reputation as a secure financial haven.


Amid the smoldering Iran war, wealthy elites are quietly shifting capital and other assets out of Dubai and heading to Singapore and Switzerland. Just how resilient is the emirate's safe-haven reputation?

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