12:08 - 4.03.2026

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March 4, Fineko/abc.az. In Dubai and other large shopping malls in the region, many stores, including Gucci, Apple, H&M and Chalhoub Group outlets, are temporarily closed or operating on a limited basis. Amazon has suspended the operation of a logistics center in Abu Dhabi. Manufacturers such as Reckitt have moved employees to remote work.

ABC.AZ reports that investors have already reacted by dropping the shares of LVMH, Hermes and Richemont by 4-5.7%. Experts point out that travel restrictions and damage to infrastructure, including the Fairmont Palm Hotel in Dubai, threaten hundreds of millions of dollars in revenue in the luxury sector and could affect sales in Europe.