The ongoing conflict in the Middle East is causing an economic shockwave that extends far beyond the energy sector. Deliveries of luxury cars have come to a halt, while the real estate and hospitality industries are showing significant signs of weakness.
Three weeks after the start of the conflict in the Middle East, destinations that are typically tourist hotspots are facing severe setbacks in certain sectors…
Luxury car manufacturers suspend deliveries
The luxury automotive sector is one of the first to suffer the direct consequences of the war. Ferrari and Maserati have both decided to suspend deliveries to the region, facing major logistical disruptions and security conditions deemed insufficient.
Read also > Conflict in the Middle East : tourism pays a heavy price
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