Dubai hotels are sending home staff and tourist beaches have emptied as the war in the Gulf takes its toll on the region’s efforts to diversify its economy beyond oil and gas – Copyright AFP FADEL SENNA
Aya ISKANDARANI
After weathering unprecedented attacks from Iran, the wealthy Gulf states are now stuck between war and peace as talks stall and the vital Strait of Hormuz remains all but closed — threatening economic recovery.
Iran has hit Gulf energy exports with its Strait of Hormuz blockade, while its attacks have caused damage to…
