{"id":90543,"date":"2024-03-28T00:00:00","date_gmt":"2024-03-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/is-the-russian-expat-boom-slowing\/"},"modified":"2024-03-28T00:00:00","modified_gmt":"2024-03-28T00:00:00","slug":"is-the-russian-expat-boom-slowing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/","title":{"rendered":"Is the Russian expat boom slowing?"},"content":{"rendered":"

It\u2019s a mixed bag for the UAE in the foreign press this morning<\/strong>, with one dominant theme being a tougher environment for Russian expats in the country. <\/p>\n

Are Russians over the UAE? <\/strong>Some Russian expats in the UAE are considering returning home or moving away after an expat boom last year drove up rents and costs of living, Bloomberg<\/a> reports, citing bankers and experts. Russian money flows into the UAE are also slowing down, and businesses are downsizing, one immigration firm representative said. <\/p>\n

This isn't expected to have an impact on the economy: <\/strong>While Russians have left their mark on both Dubai and Abu Dhabi \u2014 but more so Dubai \u2014 the impact from a potential exodus of expats would be minimal considering the presence of other wealthy expats from different nationalities, experts said.<\/p>\n

Russian oil firms are also reportedly experiencing payment delays due to heightened scrutiny<\/strong> from UAE banks, as well as banks in China and Turkey, over US sanctions compliance, Reuters<\/a> reports.<\/p>\n

ALSO WORTH NOTING- <\/p>\n

Emirates CEO Tim Clark wants to see the next Boeing CEO have a \u201cstrong <\/strong>engineering\u201d background <\/strong>and exhibit more \u201clateral thinking\u201dfollowing an escalating crisis in quality at the airplane manufacturer, he told the Financial Times<\/a>. Emirates is one of the manufacturer\u2019s biggest clients.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Emirates CEO wants to see the next Boeing chief have a strong engineering background<\/p>\n","protected":false},"author":1,"featured_media":90544,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1551],"tags":[1444,7,408,41,394],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uae-in-the-news","tag-emirates","tag-enterpriseam-uae","tag-fdi","tag-uae-in-the-news","tag-uae-russia-relations","wpautop","entry"],"acf":{"mongo_id":"857ad033-db33-45ca-a306-921e692f976d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1471.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Is the Russian expat boom slowing? Plus: Emirates CEO\u2019s two cents on what Boeing needs","related_issue":[90525],"teaser":"Plus: Emirates CEO wants to see the next Boeing chief have a strong engineering background","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.6b58be07-62f6-40e8-808d-6aa9b897491d.mp3"},"yoast_head":"\nIs the Russian expat boom slowing? - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the Russian expat boom slowing?\" \/>\n<meta property=\"og:description\" content=\"Plus: Emirates CEO wants to see the next Boeing chief have a strong engineering background\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is the Russian expat boom slowing?\",\"datePublished\":\"2024-03-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Emirates\",\"EnterpriseAM UAE\",\"FDI\",\"UAE IN THE NEWS\",\"UAE-Russia relations\"],\"articleSection\":[\"UAE IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/28\/is-the-russian-expat-boom-slowing\/\",\"name\":\"Is the Russian expat boom slowing? 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