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06.05.26 - 22:39
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′We Need People To Come Back′: Dubai′s Tourism Industry Reels As Foreigners Flee (ZeroHedge)
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'We Need People To Come Back': Dubai's Tourism Industry Reels As Foreigners Flee
Via Middle East Eye
Dubai is facing an existential crisis with the US and Israeli war on Iran forcing tourism numbers to fall sharply, with widespread hotel closures and job losses decimating the global tourism hotspots' hospitality sector.
On Monday, Dubai Airports reported that first-quarter passenger traffic was down by at least 2.5 million from the same period in 2025, with March seeing a 66 percent drop in passenger numbers as travelers chose to steer clear of the Gulf.
Empty beds are pictured before high-rise buildings along a beach at Jumeirah Beach Residence (JBR) in Dubai on March 11, 2026. via AFP
The company did not specify forecasts for this year but on Saturday, in a bid to kickstart tourism, the UAE announced that all air travel restrictions that were put in place after Iran launched retaliatory strikes on all six Gulf Cooperation Council (GCC) countries that house or cooperate closely...
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06.05.26 - 22:39
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World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines (ZeroHedge)
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World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines
Long after the Iran war is just a bookmark in the history books, one distinct consequence will persist: much of the world, at least the part that does not fall under the Chinese sphere of influence, will do everything it can to avoid the Strait of Hormuz and failing that, have a Plan B. Just like when the Biden admin weaponized the US Dollar in 2022 by booting Russia from SWIFT after the Ukraine war, and in the process started the biggest gold and bitcoin rally in history as the rest of the world parked its savings in non-USD assets, so the world's most important oil choke point will never again be viewed again in the same way after Iran launched dozens of rockets at the ships transiting it.
This shift in perception is what James Thorne, chief market strategist of WellingtonAltus, called "Iran's Historic Mistake"; he explains it as follows:
By weapon...
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06.05.26 - 21:42
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UAE AI Firm Anchors New Downtown Minneapolis Data Center (Bloomberg)
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A unit of G42, the Abu Dhabi tech conglomerate backed by Emirati royal Sheikh Tahnoon bin Zayed al Nahyan, has signed on as the primary tenant for an office-to-data center conversion in Minneapolis, part of its nascent push to compete for AI business in the US....
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05.05.26 - 20:57
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Irans Militär dementiert Angriffe und droht Emiraten (DPA-AFX)
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TEHERAN (dpa-AFX) - Irans Militärführung hat Angriffe auf die Vereinigten Arabischen Emirate dementiert. Es seien in den vergangenen Tagen keinerlei Raketen oder Drohnen auf Ziele in den Emiraten abgefeuert worden, sagte der Sprecher des zentralen Hauptquartiers ......
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05.05.26 - 20:57
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Hormuz "Deserted" As Iran Expands Area Of Control; Hundreds Of Ships Cluster Near Dubai (ZeroHedge)
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Hormuz "Deserted" As Iran Expands Area Of Control; Hundreds Of Ships Cluster Near Dubai
The Strait of Hormuz has become a ghost town, er strait, with traffic grinding to a complete halt as no new commercial ship crossings were recorded despite a US effort to guide vessels through the waterway, according to Bloomberg.
While Maersk confirmed that its vessel Alliance Fairfax transited the strait on Monday under US military protection, Tuesday saw zero traffic following a day of violence that included attacks on vessels and missile strikes targeting the United Arab Emirates.
Confusion was rampant after Washington maintained that a safe passage exists, with two US destroyers reportedly entering the Gulf, but the heightened tensions kept commercial shipping at bay.
Two US ?? destroyers confirmed to be inside Persian Gulf after transiting Strait of Hormuz by satellite image TODAY ?Spotted doing UAE ?? ship anchorages missile defense at25.4042, 54.760625.4562, 54.7382...
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05.05.26 - 17:09
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Emirate melden neue Angriffe Irans (DPA-AFX)
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ABU DHABI (dpa-AFX) - Der Iran hat die Vereinigten Arabischen Emirate nach Angaben der dortigen Regierung am zweiten Tag in Folge mit Raketen und Drohnen angegriffen. Die Flugabwehr reagiere auf diese Angriffe, teilte das emiratische Verteidigungsministerium ......
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