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The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Forex earnings are tax free for UAE residents and this is why many high income people working in the Emirates are also trading forex. The country's rapid economic expansion and Dubai's rising status as a global financial hub have attracted a lot of international talent and investment, and now the Emirates are the main connection point between Asia and Europe. To consolidate its status as a raising financial power, the city of Dubai hosts the largest Financial Forum and Forex Expo in the Middle East and Northern Africa region since This is where many multinational brokers have their Arabic customer service operations. This is where forex brokers from all over the world meet every year to showcase their latest technologies and attract wealthy customers. This is turn has raised the interest of locals as well, who are now joining the forex market in large numbers.