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'We Need People To Come Back': Dubai's Tourism Industry Reels As Foreigners Flee
'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...
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May 15, 2026 / Tyler Durden
India's Trade Deficit Surges As Energy Import Prices Soar
India's Trade Deficit Surges As Energy Import Prices Soar
India's trade deficit soared in April by more than analysts expected, as the surge in oil and gas prices hiked the Indian energy import bill.
The trade deficit jumped by $8bn from $20.6bn in March to $28.38bn last month, higher than the $26 billion estimate, on a broad-based increase in imports. At the same time, total exports grew by 13.8% in April from a year earlier to hit $43.56 billion.
Oil imports sequentially rose by around 60% MoM likely driven by higher volumes in April (vs....
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Jun 21, 2026 / Tyler Durden
Financial Times Hypes SpaceX's Dismal ESG Rating By MSCI, But Really Nobody Cares
Financial Times Hypes SpaceX's Dismal ESG Rating By MSCI, But Really Nobody Cares
The Financial Times appears eager to frame MSCI's decision to assign SpaceX the "lowest possible ESG rating" as a major reputational blow. However, the real story is that the entire ESG movement on Wall Street has imploded, and anyone grounded in reality and common sense has increasingly viewed the whole woke era as counterproductive.
"The triple C assessment means SpaceX has the same score as that awarded to the Russian state on MSCI's ESG government rating scale in...
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Sep 23, 2026 / Tyler Durden
"This Nor'easter Is Going To Be An Ordeal"
"This Nor'easter Is Going To Be An Ordeal"
The US East Coast has avoided any tropical development so far this year, but a developing nor'easter in the Atlantic just off the North Carolina and Virginia coast could still deliver hurricane-force winds and heavy rain, with the greatest impacts expected in the Northeast later this week and into the weekend.
"Oh, this Nor'easter is going to be an ordeal. This storm will be a monster and will be lashing the coast for several days. Thank your lucky stars this isn't January because it would...
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