Many international brands are boycotted like KFC © Mena Today
On a recent evening in Cairo, a worker cleaned tables in an empty McDonald's restaurant. Branches of other Western fast-food chains in the Egyptian capital also appeared deserted.
All have been hit by a largely spontaneous, grassroots boycott campaign over Israel's military offensive in the Gaza strip since the deadly Hamas attack in southern Israel on Oct. 7.
Western brands are feeling the impact in Egypt and Jordan, and there are signs the campaign is spreading in some other Arab countries including Kuwait and Morocco.
Participation has been uneven with only minor effects seen in Saudi Arabia and the United Arab Emirates.
Speaking at the Globes Israel Business Conference, Nadav Hanin, Vice President of Commercial and Industry Affairs at El Al, said the Israeli aviation sector is “slowly returning to normal” after months of severe disruption linked to the ongoing regional crisis.
Indian-origin steel tycoon Lakshmi N. Mittal, long considered one of Britain’s wealthiest residents, is reportedly preparing to shift his base away from the UK as Prime Minister Keir Starmer’s Labour government moves ahead with new tax measures targeting the super-rich, The Sunday Times reported.
Dubai has secured its place as the world’s second-largest gold trading hub, despite having no domestic production and limited historical ties to the industry.
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