McDonald’s, Starbucks Experience Sales Decline as Israel-Hamas Conflict Drags On
McDonald's and Starbucks blamed the Israel-Hamas conflict for a sales drop in 2023.
Middle East
Dubai Struggles to Bounce Back After United Arab Emirates Floods Delayed Airport Flight Schedules
Dubai's major airport announced on Friday that it will limit the number of flights arriving for the next two days as it works to remove a three-day backlog caused by a record storm in the UAE.
Dubai's 'Apocalyptic' Superstorm Strikes World's Busiest Airport After Historic Rainfall Causes Flood Chaos, Cancelled Flights
Tragically, there has been a loss of life due to the heavy rain and flooding that has caused widespread disruption in Dubai...
Indian Firms Exporting to the Middle East See Their Shares Plummet After Iran's Recent Attacks on Israel
India's tea and rice exporters to the Middle East saw their stock values collapse on worries of logistical issues and higher costs due to geopolitical tensions...
Major Arab Airlines Cancel Some of Their Flights After Iran’s Retaliatory Attack on Israel
Several major Arab airlines have been forced to cancel their flight schedules over the weekend following Iran's strikes on Israel...
Iran's Currency, Rial, Drops to Record Low Against US Dollar After Retaliatory Attack on Israel
Rial, the currency of Iran, experienced a historic low against the US ...
Israel Shuts Down Airspace as Preparation for Defense Against Iran's Drone Attack
The conflict between Iran and Israel has intensified, with Iran launch...
Latest News
Joe Biden Issues Order Imposing Sanctions on Israeli Settlers Who Attack Palestinians in West Bank
President Joe Biden has issued an executive order targeting Israeli settlers who attack Palestinians in the West Bank.
Oil Climbs 1% After Houthi Rebels Attack on British Oil Tanker; Trafigura Assesses Red Sea Risks
Trafigura is evaluating the security risks of future Red Sea voyages following an attack on the company's Marlin Luanda oil tanker by Yemen-based Houthi rebels.
British Oil Tanker Hit by Houthi Missile After Group Fires at US Warship—China Urges Rebels to Stop Red Sea Attacks
A British oil tanker was reported to be engulfed in flames in the Gulf of Aden after Houthi rebels hit it with a missile on Friday after transiting the Red Sea.
Saudi Arabia Makes Rare Move to Open its First Liquor Store in Over 70 Years Amid Liberalization Drive
Saudi Arabia has opened its first liquor store in over 70 years, marking a significant departure from its conservative traditions.
US Designates Houthis as Terrorists, Launches Fresh Strikes in Yemen After Rebels Hit Another US-Operated Ship
The US has put Houthi rebels back on a list of terrorist organizations following the Yemen-based group's attack on another US-operated vessel in the Red Sea region.
US Launches Additional Strikes Against Houthis in Yemen as Rebels Hit Greek Ship With Missile in Red Sea
The US military launched new strikes in Yemen on Tuesday, targeting anti-ship ballistic missiles in a part of the country controlled by Houthi rebels.
Oil Prices Surge After US, Britain Strike Back at Houthi Rebels in Yemen
Oil prices jumped 2% on Friday as the United States (US) and Britain launched air and sea strikes in Yemen against the Houthi militants.
Shipping Giants Maersk, Hapag-Lloyd Begin Rerouting Ships to Avoid Red Sea as Houthi Attacks Increase
Following a series of attacks on ships in the Red Sea by Iranian-backed Houthi militants, shipping giants Maersk and Hapag-Lloyd have rerouted their vessels, opting for the longer Cape of Good Hope ro
Oil Giant BP Pauses All Tanker Transits Through Red Sea Due to Houthi Attack Fears
Oil giant British Petroleum (BP) has temporarily halted all its tanker transits via the Red Sea after attacks on ships by Iranian-backed Houthi militants based in Yemen escalated.
