Dubai, on the brink of a debt default in 2009, is emerging as the closest thing to a safe haven in the Middle East and North Africa as violence erupts in countries such as Libya and Bahrain. Photographer: Charles Crowell/Bloomberg
Imad Awad, a 45-year-old financial controller for oil-field equipment-supplier Weatherford International Ltd. (WFT) in Libya packed his bags and moved with his family to Dubai after protests erupted there.
Awad, a Palestinian with Jordanian nationality, was one of almost 200 staff and family that Geneva-based Weatherford relocated from the Libyan capital of Tripoli in mid-February. About 15 executives moved to Dubai with their families and the rest to other locations in the Gulf or their home countries.
“Dubai is a lovely, peaceful city with great services,” Awad, who moved with his wife and three children, said in a telephone interview from his Dubai hotel. “My children are going to school here.”
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