It's only a week since its leadership was killed and Iran caused havoc in the region. Even today it attacked Dubai airport. But suddenly, it announced that attacks on its neighbors will stop. What is the reason for this change? The only reason I can think of is that the neighbors must have begged for a chance to return to normal, maybe they even promised to ask the US not to launch attacks on Iran from their territories.
Whatever the reason, for the next six months at least, Dubai and other cities in the region will no longer be the same as they were before the war. Dubai, particularly, is an artificial entity, being a major financial centre. The foreigners who had bought property and were doing business there due to zero income tax will no longer want to continue. Most of them have probably left, paying hundreds of thousands of dollars to get out of the war-torn region. Hong Kong and Singapore will probably regain their earlier reputations as major financial hubs.
The population of the GCC countries are bound to demand explanations from their governments for putting them at risk. Why did the UAE get too friendly with Israel is something its leaders will have to explain. It's going to be a tough six months for the sheikhs and princes.
No comments:
Post a Comment