Adverse impacts from the US-Israel strikes on Iran unfolded on Monday, disrupting supply chains, driving up oil prices and leaving many Middle East business leaders at a major trade fair in Hong Kong in an awkward position. As the strikes entered a third day, oil prices surged 13 per cent – the biggest rise in…
US-Israeli strikes on Iran have grounded at least 37 flights between Hong Kong and the Middle East, with flag carrier Cathay Pacific suspending its Dubai services until Thursday. Cathay also announced on Monday that it would suspend its Riyadh flights until Tuesday amid the developing situation in the region. The carrier said customers booked to…
Minna Honkanen could not have anticipated the seismic events that would grip Hong Kong after she decided to try her luck there in early 2019. Two months after she arrived, unprecedented social unrest engulfed the city, followed immediately by the coronavirus pandemic, which shut borders and restricted travel for more than two years. Least of…
Dubai: Iran’s retaliatory strikes across the Gulf have triggered the most widespread business disruption in the region since the pandemic, forcing airport closures, halting port operations and sending shockwaves through financial markets. The attacks, launched in response to a joint U.S.-Israeli assault on Iran, landed across every major state in the Gulf, a region that…
Hong Kong authorities have received 194 inquiries from residents stranded in the Middle East amid a joint US-Israeli attack on Iran, which forced flight cancellations and left some seeking refuge in local hotels. The Immigration Department confirmed to the South China Morning Post that all residents who inquired about the situation and flight arrangements were…
A joint US-Israeli attack on Iran forced airlines to cancel or delay at least 27 flights from Hong Kong to destinations in the Middle East on Sunday, leaving travellers stranded at the city’s airport. Hundreds of passengers packed Hong Kong International Airport on Sunday morning to inquire about the suspended departures, primarily to Riyadh in…
Dubai, one of the world’s busiest aviation hubs ground to a halt on Saturday after Iranian missile strikes rippled across the Gulf, prompting authorities to evacuate the Burj Khalifa and suspend operations at its airports. Explosions were heard across the city as regional airspace closures disrupted global travel routes. Burj Khalifa was evacuated soon after…
Hong Kong authorities have issued a fresh warning against travel to Iran, while at least nine flights to the Middle East from the city have been cancelled or delayed following a joint US-Israeli attack on the country. The warning was issued in response to the United States and Israel launching major air strikes on targets…
The family behind one of Mongolia’s largest mining conglomerates has bought a detached house in Hong Kong’s upmarket Southern district for HK$247 million (US$31.5 million), with the buyer intending to use it as a “retirement residence”. Land Registry records showed Tisara Holdings, whose director is Tselmuun Nyamtaishir, signed a provisional agreement on January 29 to…
Hong Kong and Singapore are set to be the biggest winners in attracting new capital inflows as global investors diversify their asset allocations amid geopolitical risks and trade tensions, according to the top executive at DBS Group. The two Asian financial centres would be the best choice for international investors who previously held overweight positions…