Missiles Seen Over Abu Dhabi Financial Hub Dent Safe Haven Image
Smoke from a reported rocket interception, over the sky in Dubai on Feb. 28.
Photographer: Fadel Senna/AFP/Getty Images
The United Arab Emirates’ twin hubs of Dubai and Abu Dhabi, as well as Qatar’s capital Doha, have transformed themselves into global financial centres built on a bedrock of safety, stability and proximity to deep pools of capital. Iran’s attacks on Saturday came as a jarring reminder of geography.
Hours after the US and Israel struck Iran, Tehran retaliated by targeting US military bases in the Persian Gulf. Projectiles were seen in the sky from Abu Dhabi’s financial center, while residents in neighboring Dubai reported hearing blasts over the course of the day.