Economy flights from Moscow to Dubai cost up to $5,000 as Russians flee

The airline industry has been hampered by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to high fuel prices. soba pictures | Light Rocket | Getty Images Dubai, United Arab Emirates – Round-trip economy flights from Moscow to Dubai cost up to $5,000, many of which were sold out … Read more

High inflation in Turkey warns of more losses for Gulf banks

A general view of Emirates NBD on January 3, 2017 in Dubai, United Arab Emirates. Tom Dolat | Getty Images Dubai, United Arab Emirates – Banks dealing with Turkey have faced losses since the country’s currency began to decline sharply in 2018; Now, lenders in many of the oil-rich Gulf states in particular are set … Read more