Gulf countries simultaneously close airspace, financial center transformation faces challenges

Market analysts said that the United Arab Emirates, Bahrain, Qatar and Kuwait closed their airspace at the same time, even if it was temporary, it was unprecedented. The Gulf region is working hard to transform itself into a financial centre and, most importantly, to attract foreign capital and manpower inflows. Many residents of the Gulf were fearful before the attack, and as news of the attack continued to spread, those fears became a reality. Videos posted online showed the missile being intercepted over Doha’s skyscrapers and glittering buildings, a very rare sight. They are longtime allies of the United States and have worked to improve relations with Iran to avoid such a scenario, but they will always be caught between the United States and Iran. Perhaps allowing Iran to retaliate in Qatar is one way for the Gulf region to absorb a potentially more dangerous response.