Business
What’s Behind the Selloff in Gold and Silver
The tumble in precious-metals prices from their all-time highs has accelerated, with gold and silver futures suffering some of their worst daily declines on record Thursday.
Gold sank for the sixth time in the past seven trading days, losing 5.9%, or $289.20 an ounce, on Thursday. Silver futures shed 8.2% a troy ounce, bringing the total decline from a seven-session fall to around 20%.
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Business
Rose Porteous to hold luxury estate sale
The fine art, Persian rugs and luxury furniture of William and Rose Porteous will go on sale this weekend, as the couple look to offload several “valuable” items from their collections.
Business
Is King Abdulaziz International Airport Open Today? Airport in Jeddah Remains Operational
JEDDAH — King Abdulaziz International Airport (JED/OEJN), Saudi Arabia’s busiest gateway and a major hub for Hajj and Umrah pilgrims, continues to operate with scheduled commercial flights on March 21, 2026, despite ongoing regional security challenges stemming from the escalating conflict involving Iran, the United States and Israel.

Live flight tracking data from multiple sources, including the official airport website (kaia.sa), Flightradar24, FlightAware and Trip.com, confirm active arrivals and departures throughout the day. As of early morning local time (GMT+3), departures include long-haul services such as Saudia SV 976 to Hong Kong scheduled for 06:00, Flyadeal FAD 9118 to Abuja at 05:00 and Flynas XY 697 to Bishkek at 05:00. Arrivals feature routes from Nairobi (Saudia SV 948), Karachi (Airblue ABQ 170) and Berlin (Flynas XY 644), with many flights listed as on time or experiencing only minor delays.
The airport’s official flights page shows hundreds of scheduled operations, with real-time updates indicating low overall impact — around 2% disruption on recent days according to Wego tracking. FlightAware and FlightStats report dozens of arrivals and departures in the early hours, including international carriers like Turkish Airlines codeshares and regional low-cost operators. No blanket closure has been announced by the General Authority of Civil Aviation (GACA) or Jeddah Airports Company, which manages the facility.
A travel alert posted on the KAIA website urges passengers to “check directly with their airlines for the latest flight updates before leaving for the airport” due to “current developments.” The advisory highlights potential adjustments from regional events but stops short of any suspension notice. Sustainability and service pages remain active, promoting parking bookings and passenger rights information.
The airport has handled increased traffic in recent weeks as Saudi Arabia positions itself as a key transit hub amid widespread disruptions elsewhere in the Gulf. Reports from Asharq Al-Awsat and other outlets note a surge in rerouted flights using Saudi airspace and airports after closures or severe restrictions in Dubai, Doha, Abu Dhabi and other neighboring hubs. Saudi carriers like Saudia and Flynas have maintained core domestic and select international routes while extending suspensions to certain conflict-adjacent destinations through late March.
Earlier in the month, temporary measures affected operations. Saudia and others canceled or postponed flights to cities like Dubai, Doha, Bahrain, Kuwait and Amman amid initial airspace safety assessments following missile exchanges and drone threats. By mid-March, however, major Saudi airports — including Jeddah, Riyadh (RUH) and Dammam (DMM) — returned to largely normal schedules, facilitating repatriation charters and commercial services. GACA reported handling over 120 flights from regional carriers between late February and mid-March to support continuity.
Unlike Kuwait International Airport, which faces prolonged closure due to reported infrastructure damage from drone incidents, Jeddah’s King Abdulaziz has avoided direct impacts. No confirmed strikes or significant damage have been reported at JED, though heightened security includes enhanced radar monitoring and coordination with military authorities. Passenger volumes remain robust, with the airport previously setting records for throughput and continuing to serve as a vital link for pilgrims and business travelers.
Delays do occur sporadically — FlightEra notes average departure delays around 44 minutes and arrivals at 76 minutes in recent periods, with low cancellation rates (4-5%). Weather conditions in Jeddah remain favorable, with scattered clouds, mild winds and good visibility contributing to smooth operations.
For travelers, the situation requires vigilance. Airlines recommend confirming status via official apps or websites, as dynamic routing and overflight permissions can lead to last-minute changes. Saudia, the primary operator at JED, has emphasized safety-first adjustments, while low-cost carriers like Flynas and Flyadeal maintain extensive domestic networks.
The broader Middle East aviation landscape remains volatile. Airspace over Iran, Iraq, Syria and parts of the Gulf faces intermittent restrictions, forcing longer routings over Saudi territory or the Arabian Sea. This has increased fuel costs and flight times but allowed Jeddah to absorb overflow traffic.
As the conflict enters its third week, no escalation has directly threatened Jeddah’s operations. Authorities continue emergency coordination, with focus on stranded passengers and logistical support. International advisories from the U.S. State Department and others urge caution in the region but do not prohibit travel to Saudi Arabia outright.
Passengers planning to use King Abdulaziz International Airport today or in coming days should monitor real-time sources: the KAIA flights portal, airline apps and trackers like Flightradar24. With hundreds of flights proceeding, the airport stands open and functional, serving as a stable anchor in an otherwise disrupted regional network.
Business
Iran fires missiles toward US-UK base in Indian ocean, Iran’s Mehr says

Iran fires missiles toward US-UK base in Indian ocean, Iran’s Mehr says
Business
Concurrent losers: 14 smallcap stocks decline for 5 consecutive sessions
Fourteen stocks from the BSE SmallCap index declined continuously over five trading sessions ending March 20, with losses of up to 23%. Despite the Sensex remaining largely flat, sharp volatility during the period highlights continued pressure in broader markets, particularly in smallcap stocks witnessing sustained selling across consecutive sessions.
Business
Beijing courts Eli Lilly as weight-loss drug race drives $3bn China commitment

Beijing courts Eli Lilly as weight-loss drug race drives $3bn China commitment
Business
IDBI, SpiceJet among 10 stocks that saw sharpest fall, down up to 21% this week. Do you own any?
Indian markets witnessed a broad-based sell-off amid escalating Middle East tensions and rising crude oil prices. Several stocks, including IDBI Bank and SpiceJet, declined sharply during the week. Geopolitical risks, inflation concerns, and regulatory developments weighed on investor sentiment, dragging multiple sectors lower despite selective resilience in parts of the market.
Business
Looking around for sectors or themes to favour and avoid? Here is what these 5 experts recommend
Amid rising geopolitical tensions and market volatility, investors are reassessing sectoral allocations. Mutual fund experts suggest focusing on domestic cyclicals, financials, and defensives like pharma, while remaining cautious on IT, metals, and oil and gas. They also highlight valuation risks and stress the importance of resilient businesses in uncertain conditions.
Business
Global markets to remain driven by West Asia conflict, Fed neutral guidance reflects uncertainty: Report
The report said that “markets are expected to continue to get shaped by the ongoing conflict in the Middle East that has so far not shown signs of de-escalating,” adding that “risk aversion is expected to remain in place.”
According to the report, prior to the conflict, the base-case scenario assumed that “the tariff pass through would start to fade and that would push US inflation gradually lower and labour markets would remain weak that could open scope for a 50bps cumulative cut over 2H2026.”
However, the report cautioned that “the outlook could get shaped by the ongoing conflict and in particular whether there is a structural pick-up in crude prices,” which the Federal Open Market Committee (FOMC) may need to consider in its projections.
It added that “there are risks of the FOMC possibly back-loading easing, although it is too early to call at the current juncture,” with the outlook depending on “the duration of the Middle East conflict and permanent impact it has on oil prices.”
The report highlighted that the FOMC maintained status quo on policy rates while “explicitly acknowledged the build-up of uncertainty in the outlook from the ongoing conflict in the Middle East” and also recognised weakness in the labour market.
Despite the geopolitical challenges, the report noted that the FOMC raised its GDP growth projections and also revised inflation forecasts upward, with “the 2 per cent target expected to be achieved by 2028.”However, there was no change in policy rate guidance, with “the median of members expected 25bps cut in 2026 and 25bps cut in 2027.”
The report added that FOMC Chair Jerome Powell “emphasized that the central bank will maintain a data-dependent response” and highlighted that “considerable uncertainty persists about the impact of the conflict on the outlook on the economy.”
It also warned that “higher energy prices and pass-through of the same into consumer prices implies risk of a possible delay” in rate cuts if oil prices remain elevated.
For markets, the report said the FOMC meeting was “largely a non-event,” but added that “the conflict in the Middle East is likely to drive price action ensuring that risk aversion remains dominant,” with US yields expected to drift higher and the global dollar likely to remain supported. (ANI)
Business
Comic Relief helps fund free school uniform charity
Julie Waller, who heads up the charity, says donations have helped more than 2,000 families.
Business
These 5 flexi cap mutual funds offer up to 25% CAGR in 3 years. Do you own any?
These five flexi cap mutual funds have offered up to 25% CAGR in the last three years. Here is a detailed break-up (Source: ETWealth).
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