Dubai Is Bait in War for Coder Talent Fought by Israel Firms

Rapyd Co-founders, from left; Arkady Karpman, Arik Shtilman, and Omer Priel.Source: Rapyd
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One of Israel’s fastest-growing technology firms is opening a Dubai office to lure international talent as a way around the chronic labor shortage plaguing the industry at home.

Rapyd, a payments firm that twice raised $300 million in funding roundsBloomberg Terminal this year, started a large advertising campaign this week targeting coders in eastern Europe open to relocating to the Middle East financial hub, where the standard of living is higher and which imposes no income tax.