The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
The Kuwaiti Ministry of Interior announced on Wednesday that the Kuwait State Security Service has thwarted a terrorist plot and dismantled a network that planned to carry out assassinations of state leaders and undermine the country's supreme interests.
Global oil prices rose on Thursday, recovering part of the previous session’s losses, as market participants reassessed the outlook for a potential de-escalation in tensions involving Iran and the United States. The conflict has continued to disrupt energy flows across a critical oil-producing region.
Leading events organiser RX has confirmed that the 2026 edition of Airport Show co-located with Global Airport Leaders’ Forum and Women In Aviation Middle East Conference, originally scheduled to take place from May 12 to 14 at Dubai World Trade Centre, will now take place from October 12-14, with the venue remaining unchanged.
US President Donald Trump has indicated that the war with Iran could continue for up to four weeks, warning that further American casualties are likely as fighting intensifies across the region.
Oil prices edged lower on Wednesday after surging in the previous session, as traders weighed fresh US inventory data and signs of possible export relief from northern Iraq against continuing concerns over Middle East supply disruptions.
The Gulf’s tourism sector is expected to take a significant short-term hit as regional conflict disrupts air travel, weakens traveller confidence and forces widespread flight cancellations, but analysts say regional markets retain the financial strength and infrastructure needed for recovery once hostilities ease.
The escalating conflict in the Middle East is costing the region’s Travel & Tourism sector about $600 million a day in lost international visitor spending, as disruptions to air travel, declining traveller confidence and weakened regional connectivity begin to hit demand, according to the World Travel & Tourism Council (WTTC).
Markets are already beginning to trade as if the Iran conflict will de-escalate — even though there is no formal resolution yet, says the CEO of one of the world’s largest independent financial advisory and asset management organisations.
US President Donald Trump on Monday that the war against Iran could end soon, but threatened to escalate if Iran blocked oil shipments from the Middle East.
