Majority of Arabs in poll feels region will be unaffected
More than eight out of 10 Arabs polled in the UAE said they do not think Brexit will have an impact on the region.
Britain will begin the formal process of leaving the European Union by the end of March 2017, the country’s Prime Minister, Theresa May, said on Sunday.
Britain’s Treasury chief later warned it would result in turbulence in the coming years for the UK economy.
However, the move does not seem to be spreading such gloom in the UAE.
According to a survey by international management consulting company Ventures Middle East, 82 per cent of the Arabs polled in the UAE believe that the Brexit vote will have no impact on the Arab region at all.
The survey was conducted in Arabic and carried out among 2,308 Arab respondents in the UAE. The survey included 870 Emiratis. It found that only 10 per cent of respondents believe that there will be an impact on the Arab region and out of those, 77 per cent think it will be a negative impact on trading between Arab countries and the UK and 71 per cent think there will be a negative impact on Arabs investing in business in the UK.
“The Brexit vote has definitely been a hot topic for the past couple of months,” said Ibrahim Gerges, Director of Market Research for Ventures Middle East.
“The results of the survey show that the majority of Arabs in the UAE think Brexit will not affect the region, but of those who do, the sentiment seems to be that the vote will hinder relations between Arab nations and the UK.
“However the real impact of Brexit on the Arab world remains an abstract until new regulations and trade agreements are put in place.”