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Fortune
Fortune
Diane Brady

Veteran Middle East CEO says business in the region isn't retreating—it’s resetting

Middle East United States Fortune
(Credit: Courtesy of Freedom Telecom International)
  • In today’s CEO Daily: A CEO in the UAE has a message for Western peers.
  • The big leadership story: The case for a SpaceX- Tesla merger.
  • The markets: Mixed globally as investors await developments on an Iran peace deal.
  • Plus: All the news and watercooler chat from Fortune .

Good morning. What’s it like doing business in the Middle East right now? The Strait of Hormuz has closed again, a lasting U.S.-Iran peace deal remains elusive, and global airline profits have been cut in half this year, according to IATA, which blames high fuel costs and war-related disruptions in the Middle East. Visitor arrivals to the region dropped 14% in the first quarter. You could be forgiven for thinking things look dire.

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