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Drone debris from Iranian interceptions strikes buildings across Dubai

Debris from an intercepted Iranian drone struck the facade of Oracle's building at Dubai Internet City early Saturday morning as the Gulf conflict entered its fifth week with no sign of abatement. Dubai's Media Office confirmed the incident in a post on X, describing it as a "minor incident" and stating that no injuries had......

Airlines face bankruptcy risk as fuel costs soar amid Middle East conflict

A billionaire aviation executive based in Dubai has warned that airlines around the world could begin filing for bankruptcy within weeks if the war in Iran continues to drive jet fuel prices higher, even as the shipping industry posts record profits fueled by the same geopolitical upheaval. Gediminas Ziemelis, chairman of Avia Solutions Group,......

LVMH posts worst quarterly stock drop in its history as Arnault loses $56 billion

Bernard Arnault, chairman of LVMH, shed roughly $55.9 billion from his net worth during the first three months of 2026, according to the Bloomberg Billionaires Index, as the world's largest luxury conglomerate recorded its steepest quarterly stock decline on record. The losses reduced his fortune to approximately $152 billion and pushed......

UAE prepares to join naval coalition to reopen Strait of Hormuz as Dubai launches $270 million aid plan

The United Arab Emirates is preparing to deploy its navy as part of a multinational coalition to forcibly reopen the Strait of Hormuz, a move that took on added urgency Tuesday after President Donald Trump suggested the United States could withdraw from the conflict with Iran within two to three weeks and leave the security of the waterway......

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