The growing conflict in the Strait of Hormuz is causing countries to re-evaluate global trade routes and explore new ways to reduce exposure to potential obstacles. The rush has increased amid warnings that any long-term disruption to the flow of oil could disrupt global oil supplies and push prices up sharply, with some estimates suggesting … Read more
Dubai: The economy of the United Arab Emirates is starting to show the first signs of stress as the Gulf war continues for more than a month, with some cuts in sectors such as hospitality, travel, events and food and beverage (F&B). Companies in these sectors have started to cut jobs, reduce wages and send … Read more
Dubai: The economy of the United Arab Emirates is starting to show the first signs of stress as the Gulf war continues for more than a month, with some cuts in sectors such as hospitality, travel, events and food and beverage (F&B). Companies in these sectors have started to cut jobs, reduce wages and send … Read more