Business
Bloomberg LP has told employees based in Gulf countries, including those at its regional headquarters in Dubai, that they may temporarily relocate and work from outside the region as Iranian attacks continue to escalate, according to a company spokesperson speaking to Reuters. The move makes Bloomberg......
American banking giant Citi has evacuated its offices in Dubai, United Arab Emirates, following threats from Iran targeting U.S. and Israeli economic centers in the Gulf region. According to a banking source, employees were instructed to leave Citi’s offices located in Dubai International Financial......
India's restaurant and hospitality sector is facing severe disruptions as cooking gas supplies dwindle due to tensions in the Middle East. The ongoing conflict involving Iran has affected shipping in the Gulf and the Strait of Hormuz, raising fuel costs and limiting deliveries of liquefied petroleum......
Several major Wall Street banks have offered employees in the United Arab Emirates the option of temporarily relocating as missile and drone attacks linked to the conflict involving Iran continue to affect the Gulf region. Goldman Sachs, Morgan Stanley and Citigroup have informed staff in the UAE that......
Airline and travel shares across global markets slumped after the conflict involving the United States, Israel, and Iran shut key Middle Eastern hubs, triggered thousands of flight cancellations, and drove fuel costs sharply higher. A basket of major airlines, hotel groups, and travel operators in Europe,......
Banks, hedge funds and insurers spent the weekend racing to map out their exposure to the Middle East as the escalating confrontation between Iran, the United States and Israel disrupted markets, travel and business operations across the Gulf. The latest round of strikes, which hit targets in the United......
