For the last 10 years, the UAE has been the undisputed financial center of the Middle East and the place where projects from Russia and CIS countries are being developed. Dubai's government policy to attract investors has become a role model - other Gulf countries have actively copied the fintech and crypto-regulation of their tiny but insanely successful neighbor.

What's happening to businesses in Dubai during the war in the Middle East

With the outbreak of war in the Middle East and the closure of the Strait of Hormuz, Brent crude oil rose from around $75 at its peak to almost $120 and fell below $100. The situation in the markets also remains highly volatile. In such a situation Deutsche Bank on March 20 called tenge an attractive currency for capital preservation.

The Tenge has become a safe haven among emerging market currencies during the war in the Middle East. What will happen to its exchange rate?   

US President Donald Trump assures his entourage that he does not want a prolonged war with Iran. At the same time, Tehran rejects direct negotiations with the U.S., despite Trump's statements about a "deal," and is also preparing a law to introduce a fee of up to $2 million for ships passing through the Strait of Hormuz, which is already de facto levied on certain voyages. These and other topics are covered in our review of key events for the morning of March 26.

Main by morning: Trump wants to end Iran conflict by Ma, but oil rises

Elon Musk's company is expected to file for a listing in the coming days in order to go public in time for June's planetary parade

'A bit scary': SpaceX tells investors it aims to raise $75bn in IPO - FT

Macy's, Inc.

The war in the Middle East has sharply reduced the flow of shoppers in Dubai's shopping centers, a key market for the global luxury industry, the Financial Times <a href="https://www.ft.com/content/f88f97cb-adc7-42d1-aae1-e4bf241d4961?syn-25a6b1a6=1">reports</a>. Amid attacks and logistical disruptions, some retailers have recorded a 60% drop in revenue and warned of the risks of a prolonged downturn.

War in the Middle East hits luxury: sales collapse in Dubai malls

The United States does not yet have an understanding of when the first oil tanker will be able to pass through the Strait of Hormuz, White House spokeswoman Caroline Leavitt said March 25. She said Washington is working to ensure restoration as soon as possible. That said, the conditions Iran has put forward include recognizing its control of the crucial shipping lane. Tehran has said the strait will remain open after the war but will not revert to its previous regime.

No room to maneuver: five questions on how to bring back traffic in the Strait of Hormuz

After sharp spikes in oil prices, the highest trading volumes on Asian markets are recorded in the first minutes of the session, UBS estimates

Trade at the open and go: why did UBS call the morning the best time to trade in Asia?


At the same time - unlike many on Wall Street - the research firm expects rates to fall this year

Citrini's new forecast: author of market-crashing AI report bets on falling stocks

Retail investors continue to buy the decline, while oil traders took a rare opportunity to lock in profits, analysts said

US stocks rise in price, White House assures that it is dialoguing with Iran: the results of the 26th day of the war

Alphabet Inc.

Meta Platforms, Inc.

The high-profile case could have implications for social media and the technology sector as a whole

Big Tobacco moment: Meta and Google found responsible for social media addiction

Arm Holdings plc

Arm expects the new chip, whose production the company announced the day before, to generate about $15 billion in revenue by 2031

Arm shares soared 20%. They were advised to buy them by analysts at Raymond James

BlackRock, Inc.

Blue Owl Capital Inc.

Apollo Global Management, Inc.

Morgan Stanley

Ares Management Corporation

The private credit market does not pose a systemic risk to the financial system despite redemption requests from individual retail funds, BlackRock CEO Larry Fink <a href="https://www.bbc.com/news/articles/c9wqrdkx8ppo">told</a> the BBC. He also categorically rejected comparisons of the current situation in the markets with the crisis of 2007-2008, which some analysts and researchers said earlier.

Ken Griffin