Monday 16 March 2026 - 11:20
Sunday 15 March 2026 - 09:00
The United Arab Emirates said Saturday that its consulate in the autonomous Kurdistan region of northern Iraq was targeted by a drone strike, marking the second such incident this week. In a statement, the Ministry of Foreign Affairs of the United Arab Emirates strongly condemned the attack, which reportedly......
United States forces struck Iran’s Kharg Island, the country’s primary oil export hub, as the conflict involving Iran entered its third week, while Iran’s Islamic Revolutionary Guard Corps warned that US military positions in the United Arab Emirates are now legitimate targets. The escalation unfolded as US President Donald......
Wealth managers in Switzerland are preparing for a surge of capital from Gulf investors as the conflict involving Iran shakes financial confidence in Middle Eastern economic hubs. Bankers and advisers overseeing more than one trillion dollars in assets say wealthy individuals across the Gulf are considering transferring funds to Switzerland......
Bitcoin mining companies are more vulnerable to fluctuations in the price of Bitcoin than to rising electricity costs triggered by higher oil prices, according to a new analysis examining the impact of the Iran related oil shock on the cryptocurrency industry. A report released this week by Luxor Technology’s Hashrate Index found that......
Iranian drone attacks have dropped sharply since the start of the conflict, according to US Defense Secretary Pete Hegseth, but Gulf countries continue to face strikes from Iranian unmanned aircraft targeting civilian and strategic infrastructure. Speaking on March 13, Hegseth said Iranian kamikaze drone attacks had fallen by about 95 percent......
Morocco’s national airline Royal Air Maroc has announced the temporary suspension of flights to and from Dubai and Doha until March 31, citing ongoing security concerns and disruptions affecting air traffic in the Middle East. In a statement, the airline explained that the decision was taken as a precaution due to the evolving situation......
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 one of several major financial and media......
The latest global billionaire ranking published by Forbes reveals that although the number of Arab billionaires has slightly declined, their total wealth has grown significantly over the past year. According to the report, the Middle East and North Africa (MENA) region now counts 37 Arab billionaires in 2026, compared with 39......
Qatar Airways has resumed a limited number of flights as the regional airspace crisis triggered by the conflict involving Iran enters its third week, leaving millions of passengers stranded and disrupting global aviation routes. The military campaign launched by the United States and Israel against Iran on February 28 has produced the most......
Dutch airline KLM said Wednesday it will cancel all flights to and from Dubai until March 28 as the conflict affecting the Middle East continues to disrupt aviation routes across the region. In a statement, the airline said the decision was taken because of ongoing instability in the region. “Due to the persistent unrest in the Middle......
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 Centre (DIFC) and the Oud Metha district......
Twelve days after the outbreak of a widening conflict involving the United States, Israel and Iran, the Gulf region continues to face sustained waves of Iranian missile and drone attacks that have struck every member of the Gulf Cooperation Council, caused civilian casualties and killed U.S. personnel, while triggering one of the most severe......
Global oil markets have experienced extreme volatility this week, with crude prices swinging by tens of dollars within hours as traders struggled to interpret conflicting signals from Washington about the United States conflict with Iran and the security of the Strait of Hormuz. Brent crude futures surged to nearly $120 per barrel when markets......
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