According to reports in the regional media, life in the UAE's business and finance sectors went on as normal last week, despite the launching of US-led hostilities on Iraq.
Despite the departure of many expatriate workers from the Gulf region in the run-up to the war, the vast majority of businesses in the United Arab Emirates were reported to be maintaining a 'business as usual' attitude, albeit with one eye on the situation in Iraq.
The banking sector, particularly in areas such as Dubai, is currently very liquid, and no major problems are expected to result from any short-term economic downturn occurring as a result of the war.
Meanwhile, equities in Europe rallied on Friday over expectations that there could be an early conclusion of hostilities.
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