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Market analysis: Gulf countries rarely shut down their airspace simultaneously, their vision of a financial center encounters a real impact

According to online reports, market analyst Dana Khraiche said that the United Arab Emirates, Bahrain, Qatar and Kuwait have closed their airspace at the same time, even temporarily, which is unprecedented. The Gulf region is striving to transform itself into a financial center, most importantly attracting inflows of foreign capital and manpower. Many residents in the Gulf region had fears before the attack, but as news of the attack continued to spread, these fears became reality. Video posted online showed missiles intercepted over high-rise buildings and brightly lit buildings in Doha, a very rare scene. They are long-time allies of the United States and have been working 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 to absorb potentially more dangerous reactions.

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