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Home»Economy & Business»Gulf expat bubble punctured by missiles
Economy & Business

Gulf expat bubble punctured by missiles

AdminBy AdminJune 24, 2025No Comments5 Mins Read
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Gulf expat bubble punctured by missiles
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The secure streets of Qatar are a key draw for international employees, who get pleasure from tax-free incomes and the Gulf’s delicate winter climate. However on Monday night, a volley of Iranian missiles heading for a US navy base burst that snug bubble.  

The sound of explosions — shaking home windows and activating emergency sirens — triggered panic inside Doha’s plush Villaggio Mall. Shrieks crammed the cavernous corridor and consumers bolted for exits. Video footage confirmed a black shoe deserted within the hurry. Throughout the normally tranquil metropolis, dad and mom comforted kids frightened by the blasts. 

Amongst hundreds of thousands of cell expatriates who energy the oil-rich area’s economies and make up about half the Gulf’s inhabitants, Iran’s assault on Qatar has prompted questions on security in international locations lengthy considered oases of prosperity and safety in a troubled area. 

The area’s international workforce ranges from well-paid finance and power executives to blue-collar employees primarily from South Asia, who construct the international locations’ infrastructure and maintain them operating.

Many international employees are phlegmatic. Some are battle-tested by earlier assaults by Iran-aligned Yemeni Houthi rebels and different proxies on power infrastructure in 2019 and 2022, which struck Saudi Arabia and Abu Dhabi, or by the regional boycott of Qatar throughout Donald Trump’s first time period. 

However the Gulf’s inhabitants has swelled in recent times. For a lot of newcomers, that is their first expertise of a Center East battle — even when not directly. 

“The response depends upon how lengthy you’ve been within the area,” mentioned a banker based mostly within the UAE. “A few of the newer folks, even in Dubai, have been like ‘oh my god, this isn’t what I signed up for’.” 

Since Israel attacked Iran lower than two weeks in the past, the Gulf monarchies have pushed for an finish to hostilities and return to talks. They hoped to keep away from wider regional escalation and keep away from being caught within the crossfire on account of the a number of US navy installations in Gulf states.

Iran’s strikes on Monday focusing on the US’s largest navy base within the area got here in retaliation for US assaults on its nuclear infrastructure.

Later within the day, Trump introduced that Iran and Israel had agreed to a ceasefire, although that appeared shaky on Tuesday morning after Israel mentioned Tehran had launched contemporary missiles, and threatened to reply.

The Iranian missiles that ripped via Qatar’s sky had principally been intercepted by air defences, inflicting no casualties.

But when this was a show of navy theatrics, “I want the secure £200-a-ticket, inaccessible to common folks, London kind of theatre”, quipped one expatriate Doha resident on Monday evening.

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The temper on Tuesday morning was “tense however relieved”, mentioned a Palestinian-British-Canadian expatriate in Doha. Throughout the assault he mentioned his response was “WTF” however by the morning he felt safe, happy at how the federal government had maintained providers equivalent to web and electrical energy.

On social media, some residents referred to as the evening’s occasions insignificant in contrast with Israeli bombing that has flattened Gaza.

However one senior British expatriate based mostly in Doha for 20 years mentioned his friends have been “pretty shell-shocked”. 

“Luckily the US base is nicely out of city,” he added. “Nonetheless, not very nice to undergo, and the longer term uncertainty is little question on everyone’s thoughts.”

A number of organisations despatched emails telling employees that Tuesday could be a standard working day, and the senior expatriate anticipated most workers to point out up. 

In Dubai, the area’s second-biggest metropolis after Riyadh, some expatriates had already deliberate out overland escape routes to Oman. At one firm, workers on a safety name requested for plans to evacuate, however have been rebuffed. 

Tourists sit on a yachts in Dubai marina in front of high rise buildings
A view of Dubai Marina. Some professionals mentioned they felt assured the Gulf would endure little to no financial impression © Andrew Aitchison/In Photos/Getty Photos

WhatsApp teams buzzed with expats questioning the security of staying within the area throughout the unpredictable Trump period, and a few expatriates even dubbed Europe-bound flights via the Gulf as navigating “missile alley”.

However many foreigners have been sanguine, with their primary concern the disruption to aviation and its potential to delay or derail summer time vacation plans.

Phil Miles, affiliate managing director for enterprise safety danger administration at adviser Kroll, mentioned some shoppers had already “postponed non-essential journey to the area and are offering employees with elevated flexibility to work at home”.

Some professionals mentioned they felt assured the Gulf would endure little to no financial impression.

“There was no disruption to power flows, plus the ceasefire was introduced so shortly — these are all constructive,” mentioned Monica Malik, chief economist at Abu Dhabi Industrial Financial institution. “We’re additionally within the quieter journey and tourism interval for the area. So we’re not making any non-oil forecast adjustments.”

For one Dubai-based economist, “the Saudi financial slowdown issues extra within the Gulf than all of the drama of the previous couple of days”.

However not all are satisfied. Gaffour, a limousine driver in Doha, has seen enterprise plummet for the reason that World Cup in 2022, and fears additional financial decline on account of the rising geopolitical tensions.

“There nonetheless isn’t any enterprise,” he mentioned. “All my mates are apprehensive.”

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