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What Escalation in the Middle East War Means for the Industry

After a year of war, things continued to heat up in the Middle East this week. BoF spoke to industry sources in the region to assess the impact, from Beirut’s ateliers to fashion retailers in Dubai.
Smoke plumes rise from the site of two Israeli airstrikes on a neighbourhood in Beirut on October 10, 2024. Israel expanded operations in Lebanon nearly a year after Hezbollah began exchanging fire in support of its ally, Hamas, following the Palestinian group's deadly attack on Israel on October 7, 2023.
Smoke plumes rise from the site of two Israeli airstrikes on a neighbourhood in Beirut, Lebanon on Oct. 10, 2024. (Getty Images)

It’s been a year since the mass killing and abduction of Israelis carried out by Hamas on Oct. 7, 2023 sparked a major escalation in the long-running Israeli-Palestinian conflict. The ensuing war, which saw Israel bombard Gaza-based Hamas, has resulted in what the UN has described as “unimaginable suffering” in the region, with the death toll so far surpassing 41,000 Palestinians and 1,200 Israelis and foreign nationals, according to the UN.

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