UK Triggers Brexit: Will EU's Loss Be Dubai's Gain?

Emerging markets are becoming increasingly attractive to 63 per cent of UK businesses, with 75 per cent eyeing Dubai as an overseas business location to expand into as the UK will no more be an attractive option after the Brexit, according to a latest study.

New research by Dubai Multi Commodities Centre (DMCC) said 42 per cent of UK businesses are more inclined to expand operations overseas since the Brexit vote and US election results.

"As the nation awaits the triggering of 'Article 50' on March 29, the uncertainty over Brexit is making UK businesses more open to overseas expansion, with 42 per cent of UK businesses confessing to having more appetite now than previously to expand their business presence overseas," according to the study released on Monday by a Dubai government entity on trade and enterprise.