Badri says Iran war drove opening of Hormuz alternative, as emirate freezes some taxes
Dubai Economic Development Corp. CEO Hadi Badri says it is business as usual in the emirate, and that the Iran war’s impact has been a “largely mental challenge.” (From the Facebook account of the Dubai Department of Economy and Tourism)
LONDON — Dubai’s economic chief wants to reassure investors that the emirate is still a safe haven for capital, citing the opening of a “green corridor” with Oman, as the end of a fragile two-week U.S.-Iran ceasefire looms.