Keywords: Dubai
LVMH chief executive Bernard Arnault has warned of severe global economic consequences if the conflict in the Middle East continues, as the luxury group faces a sharp slowdown in one of its fastest-growing regions. His remarks come as the company expands its retail presence in Dubai while confronting......
The Egyptian doctor and social media nutrition figure Diaa El Awadhi has died in Dubai under circumstances still under official investigation. Authorities in United Arab Emirates have not confirmed a final cause of death or whether criminal factors were involved. His disappearance and the delayed discovery......
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"......
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......
TotalEnergies generated more than $1 billion in profit this month by cornering the Middle East crude oil market during one of the most volatile periods in energy trading history, according to reporting by the Financial Times and Bloomberg. The French energy giant's trading arm purchased 69 cargoes......
Dubai’s once-resilient property market is beginning to show early signs of strain as geopolitical tensions in the Middle East weigh on investor confidence and transaction activity. Recent data from market analysts indicate a noticeable slowdown in real estate transactions across the United Arab......
A drone strike near Dubai International Airport forced a temporary suspension of flights early Monday, intensifying an aviation crisis across the Gulf that has already grounded tens of thousands of flights since the start of United States and Israeli strikes against Iran. More than 52,000 flights to......
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......
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......
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