GGB Partly. The dirham has been pegged at 3.6725 to the US dollar since 1997, so dollar-invoiced imports carry no added currency swing for a UAE buyer. The peg does nothing for freight or insurance surcharges, and euro-invoiced inputs sit outside its shelter entirely — which is why the first step is knowing which currency each of your top imported lines is actually priced in.
From How Regional Turmoil Reaches a Restaurant P&L — the full reading, with the method behind this answer.