Recent drone attacks linked to Iran have struck data center facilities in the United Arab Emirates and Bahrain, raising concerns about the vulnerability of digital infrastructure in conflict zones. Facilities operating within the cloud network of Amazon Web Services were among the targets. These incidents highlight how modern conflicts increasingly extend beyond traditional military assets to include critical digital infrastructure.

Critical Infrastructure In The Crosshairs

Iranian drones struck two data centers in the United Arab Emirates on Sunday. A separate strike in Bahrain also affected infrastructure connected to regional cloud operations. The attacks occurred amid escalating tensions following U.S. and Israeli strikes on Iranian targets. Analysts say the incidents demonstrate how data centers are becoming strategic assets in geopolitical conflicts. Patrick J. Murphy, executive director of the geopolitical advisory unit at Hilco Global, said the attacks reflect a broader shift in how infrastructure is viewed in modern security planning. In his view, digital assets now carry strategic importance comparable to energy systems and telecommunications networks.

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Industry Response And Strategic Repercussions

Companies operating cloud services in the region responded quickly to the disruptions. Organizations relying on Amazon Web Services infrastructure were advised to move workloads to alternative regions where possible. Major technology providers, including Microsoft and Google, have also reviewed contingency procedures following the incidents. The situation has underscored the importance of redundancy and geographic diversification in cloud infrastructure. Government authorities increasingly classify data centers as critical national infrastructure. Policymakers in the United States, the United Kingdom and the European Union have introduced measures aimed at strengthening the protection of digital assets. Security analysts expect the recent attacks to accelerate efforts to integrate cloud infrastructure into national security planning alongside sectors such as energy, water and telecommunications.

Developments And Industry Reactions

The events also come amid wider debates about the relationship between technology companies and national security policy. In a separate development, the U.S. government recently designated technology company Anthropic as a potential supply chain risk. The company’s chief executive, Dario Amodei, has indicated that the designation could face legal challenge. Technology firms with major operations in the Middle East are reassessing risk management strategies. Expanded multi-region data replication and stronger backup systems form part of these measures, according to Scott Tindall of Hogan Lovells. Meanwhile, comments from OpenAI chief executive Sam Altman have reignited discussion about the growing links between technology companies and government defence programmes.

Looking Ahead

The recent drone strikes illustrate the increasing strategic importance of digital infrastructure in global security dynamics. Data centers are gradually being treated as critical assets within geopolitical conflicts. Continued tensions are likely to prompt additional investment by governments and technology companies in strengthening protection of cloud infrastructure and improving operational resilience across global networks.

Robust Growth In Cyprus And Greece

Jumbo Group reported positive sales growth at the start of 2026, with revenue in Cyprus increasing by 3% in February and by 6% during the first two months of the year. The company noted that results were achieved despite a strong comparative period in 2025, when the carnival season boosted demand across several product categories.

Region-Specific Challenges And Opportunities

Network sales in Cyprus, including the online store, declined by 1.8% in February. However, cumulative sales for January and February still recorded a 4% increase compared with the same period last year. In Greece, the group’s net sales, excluding intragroup transactions, rose by 6% in February and by 8% during the first two months of the year. Bulgaria also reported strong growth. Sales increased by 7% in February and by 11% during the January–February period. Romania was the only market to record a decline. Network sales there fell by 3% in February and by 4% during the first two months of the year. The company attributed the slowdown to currency depreciation, higher VAT and new fiscal measures, alongside inflation that reached 9.6% in January.

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Strategic Expansion And Geopolitical Influences

Jumbo continues to expand its presence through international partnerships. In Israel, the group’s collaboration with Fox Group led to the opening of the fifth Jumbo store in the market. At the same time, rising geopolitical tensions in the Middle East are beginning to influence consumer sentiment in the region, creating additional uncertainty for retail activity.

Resilient Supply Chains And Commitment To Shareholders

The company said it has managed disruptions in international transport and supply chains through previously secured agreements with suppliers and logistics partners. The stronger euro compared with the previous year has also supported purchasing conditions. Following an extraordinary general meeting held on February 4, 2026, Jumbo announced an extraordinary cash distribution of €0.50 per share before tax. The ex-dividend date is set for March 23, 2026, while payments are scheduled to begin on March 30, 2026.

Unintended Involvement In A Conflict

Cyprus is beginning to feel the effects of escalating tensions in the Middle East, as disruptions in regional air travel affect tourism flows to the island. Recent developments linked to military activity near the British bases, including the launch of a drone over Akrotiri, have coincided with flight cancellations and booking changes across the tourism sector. Tourism authorities say the situation remains fluid. Officials expect a clearer picture of the potential impact on bookings and travel demand to emerge over the coming week.

Broader Implications For Tourism

Israel remains one of the key source markets for Cyprus tourism, making the sector particularly sensitive to developments in the region. The current situation has already triggered cancellations from destinations across the Middle East, including Dubai, Abu Dhabi, Haifa and Tel Aviv.

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Travel disruptions are also affecting European routes. Airlines have cancelled or adjusted flights to several European destinations, including the United Kingdom and Malta, as carriers reassess schedules and demand levels. Reduced passenger flows on some routes have also forced airlines to reconsider operating flights that could return with low occupancy.

Airlines Adjust Schedules To Cope With Uncertainty

Data sourced from the Hermes Airports website reveals extensive disruptions across various carriers. For example:

• Aegean Airlines: Flights to and from Tel Aviv, Beirut, Erbil, and Baghdad have been suspended until early arrivals on March 10. Additionally, routes to/from Dubai and Abu Dhabi are halted until the evening of March 6, with Riyadh and Jeddah services resuming with early arrivals on March 7.
• Air France: Flights operating to and from Tel Aviv, Beirut, Dubai, and Riyadh are cancelled until March 5.
• KLM: Service to and from Dubai, Riyadh, and Dammam has been paused until March 9, while Tel Aviv routes remain suspended for the rest of the winter season.
• El Al: All flights to and from Israel are cancelled until 02:00 on March 5.
• Emirates: A limited resumption of flights is expected on the evening of March 2, with remaining flights on hold.
• Etihad Airways: All flights to and from Abu Dhabi are suspended until 10:00 GMT on March 4.
• British Airways: Services to Amman, Abu Dhabi, Bahrain, Dubai, Doha, and Tel Aviv will remain cancelled until March 5.
• Lufthansa: Routes to and from Tel Aviv, Beirut, Amman, Dammam, Erbil, and Tehran are suspended until March 8, and flights to/from Dubai are cancelled until March 4.
• Qatar Airways: Flights to and from Doha are suspended due to airspace closures.
• TUS Airways: All flights to and from Israel have been cancelled until March 8, while Wizz Air has suspended services to and from Israel, Dubai, Abu Dhabi, Amman, and Saudi Arabia until March 7.

Global Aviation In Turmoil

The disruptions extend beyond Cyprus. According to Reuters, global air traffic has been affected following the conflict in Iran and the closure of several major aviation hubs in the Middle East, including Dubai, Doha and Abu Dhabi. Thousands of passengers remain stranded as airlines worldwide reassess routes and suspend services in response to the evolving security situation.

Potential Long-Term Impact On The Sector

Uncertainty over the duration of the conflict continues to weigh on travel forecasts. Former U.S. President Donald Trump recently suggested that military operations involving Iran could last up to five weeks. Tourism Economics estimates that the confrontation between the United States, Israel and Iran could reduce international arrivals to the Middle East by between 11% and 27% by 2026, according to Reuters. The revised forecast contrasts with projections issued in December that expected a 13% annual increase in tourism to the region. The updated outlook suggests that the Middle East could lose between 23 million and 38 million international visitors. Tourism spending in the region may decline by $34 billion to $56 billion if the downturn materialises.

Conclusion

The situation illustrates how geopolitical tensions can quickly affect aviation and tourism markets. For Cyprus, the immediate challenge will be managing short-term disruptions while monitoring how developments in the Middle East influence travel demand during the coming months.

Persistent Tensions In The Strait Of Hormuz

Tensions in the Strait of Hormuz continue to raise concerns for global shipping and energy markets. Despite the heightened geopolitical risks, Cypriot authorities and industry representatives say the developments have had little direct impact on Cyprus so far.

Minimal Impact On Cypriot Trade And Energy Supply

Cyprus has limited commercial and energy dependence on the Strait of Hormuz. Although several vessels, including ships flying the Cypriot flag, have been reported operating in the wider region, the main flows of oil and liquefied natural gas through the strait are directed primarily to Asian markets. As a result, the corridor does not constitute a critical supply route for Cyprus, either for imports or for energy security.

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Close Monitoring By Shipping Authorities

Alexandros Iosephidis, general manager of the Cyprus Shipping Chamber, said the situation is being closely monitored. According to him, Cyprus’ direct exposure to developments in the region remains limited. So far, no disruptions have been reported in the country’s supply chains or maritime operations despite the continuing tensions in the Persian Gulf.

Assessing The Iranian Threat And Strategic Limitations

Iosephidis noted that some vessels and crew members managed by companies with a Cypriot presence operate in the region. However, none of these assets has been targeted in recent incidents. He also explained that Iran does not have the legal authority to block navigation through the Strait of Hormuz, although threats against vessels passing through the area have been reported. In response to the heightened risk, several shipping companies have temporarily redirected vessels or suspended transit through the strait.

Geostrategic Implications For China

Instability in the Strait of Hormuz carries broader global implications. China, which relies heavily on Gulf states for oil and gas supplies, could face significant disruption if maritime traffic through the corridor is affected. Any prolonged interruption to energy flows would likely influence global markets and could prompt diplomatic or economic responses from major energy importers.

Maritime Insurance And Rising Charter Rates

Growing security concerns have also affected the shipping insurance market. Some insurers have withdrawn war-risk coverage for vessels operating in the Persian Gulf, increasing costs for shipping companies. Charter rates have already reacted to the situation. According to LSEG, the benchmark daily rate for tankers transporting two million barrels of oil from the Middle East to China reached $423,736 per day. This represents an increase of more than 94% compared with levels recorded last week.

Ongoing Vigilance With Cypriot-Manned Vessels

The Ministry of Maritime Affairs has confirmed that 19 vessels flying the Cypriot flag are currently operating in the Persian Gulf. Authorities have reassured that both the ships and their crews are secure. It is important to note that these figures pertain exclusively to vessels registered under the Cypriot flag. Vessels managed by companies based in Cyprus but registered under other flags are not included in this count. The ministry continues close monitoring and maintains regular communication with the management companies overseeing these vessels.

Overall, while the escalating tensions in the Strait of Hormuz continue to cast a shadow over international maritime operations, Cyprus maintains a robust position with minimal direct exposure, ensuring that its trade and energy channels remain stable for the foreseeable future.

Netflix Strengthens Its AI-Driven Filmmaking Strategy

Netflix announced on Thursday that it has acquired InterPositive, a filmmaking technology company founded in 2022 by actor Ben Affleck. The acquisition reflects Netflix’s broader push to integrate generative AI tools into film production, following the company’s recent use of AI-driven visual effects. Financial terms of the deal were not disclosed.

Embracing Innovation While Preserving Human Creativity

As part of the deal, Ben Affleck joins Netflix as a senior adviser. He said his interest in artificial intelligence and filmmaking began in 2022, when he started examining how emerging technologies could reshape storytelling and production workflows.

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According to Affleck, InterPositive’s tools are designed to support filmmakers rather than replace creative decision-making. The technology focuses on improving technical aspects of production, including continuity corrections, lighting adjustments, and environmental enhancements, while leaving narrative choices to directors and editors.

Innovative Technology With Responsible Boundaries

InterPositive’s system is designed to understand visual logic and editorial continuity within film scenes. This allows it to address common production challenges such as missing footage, background replacements and lighting inconsistencies.

Built-in safeguards aim to ensure that automated adjustments remain consistent with the creative intent of the original production. The approach reflects a broader industry effort to introduce AI tools while preserving the role of human creators in filmmaking.

Commitment To The Creative Community

Elizabeth Stone, Netflix’s chief product and technology officer, said the company’s AI strategy focuses on supporting creators and improving the production process. “Our approach to AI has always been focused on meaningfully serving the needs of the creative community and our members,” Stone said. The acquisition of InterPositive forms part of Netflix’s broader effort to incorporate artificial intelligence into content production while maintaining creative oversight by filmmakers.

Cyprus’ technology sector is warning that outdated informatics education could undermine the country’s ability to compete in the digital economy. Industry representatives argue that without substantial updates to school curricula, the education system may struggle to equip students with the skills required in a technology-driven labour market.

Rethinking The Curriculum In A New Digital Era

During the Teachers For STEM conference, organized by the Cyprus Computer Society (CCS), George Malekkos, president of the Cyprus IT Enterprises Association (CITEA), outlined the critical need to modernize the way informatics is taught. Malekkos stressed that the issue transcends traditional academic boundaries; it is a strategic economic imperative. In an era defined by artificial intelligence, data analytics, and automation, educational institutions must evolve rapidly to prepare students for the challenges of tomorrow.

Unleashing The Full Potential Of Talent

Malekkos also pointed to the persistent underrepresentation of women in STEM careers across Cyprus. Despite progress in leadership representation within the technology sector, participation levels remain uneven. Expanding access to STEM education for women, he argued, would strengthen the country’s innovation capacity while helping to address growing talent shortages in the technology industry.

Collaboration As The Engine Of Change

Educators, according to Malekkos, play a central role in shaping students’ confidence, ambitions and digital skills. However, the pace of technological change has accelerated significantly, while curriculum reforms often take years to implement.

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He stressed that stronger cooperation between the education system and the technology industry will be essential to keep programmes aligned with labour market needs. “Change will not come with words; it will come with collaboration,” he said.

CITEA has expressed its readiness to work with institutions, including the Cyprus Computer Society, universities, the Council of European Professional Informatics Societies and the Ministry of Education. Industry representatives say closer coordination between education and technology stakeholders will be critical to preparing the next generation of digital professionals in Cyprus.

Tensions linked to the confrontation between the United States, Israel and Iran are expected to affect tourism across the Middle East. According to estimates by Tourism Economics, international arrivals in the region could decline by between 11% and 27% by 2026. The projection, reported by Reuters, contrasts sharply with forecasts published in December that anticipated a 13% increase in arrivals this year.

Economic Implications Of Declining Visitor Numbers

Updated estimates indicate that the region could lose between 23 million and 38 million international visitors. Tourism-related spending may fall by $34 billion to $56 billion if the downturn materialises. Such figures illustrate how geopolitical instability can quickly influence travel demand and regional economic performance.

Erosion Of Traveller Confidence Amid Heightened Uncertainty

Growing security concerns are already weighing on travel sentiment. Periods of geopolitical tension typically lead travellers to postpone or redirect trips, particularly to destinations located near active conflict zones. As uncertainty increases, tourism-dependent economies in the region may face additional pressure on revenues and investment.

Cyprus: An Alert Regional Hub

Cyprus is closely monitoring these developments due to its geographic proximity to the Middle East. Although the island is not directly involved in the conflict, regional instability can influence booking trends and traveller perceptions. Recent security incidents near the British base in Akrotiri have further highlighted how tensions in neighbouring areas can affect confidence across the wider Eastern Mediterranean tourism market.

Market Overview

Property sales in Cyprus increased by 12% in February 2026 compared with the same month a year earlier, according to data from the Department of Lands and Surveys. A total of 1,537 properties were sold during the month, up from 1,371 in February 2025.

The latest figures follow an 11% increase recorded in January and a 24% rise in December 2025, indicating continued momentum in the property market at the start of the year.

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Regional Dynamics

Limassol recorded the strongest growth among Cyprus districts, with transactions rising by 24% year on year. The district registered 482 property sales compared with 389 during the same period last year, maintaining the highest transaction volume nationwide.

Activity in the Famagusta district also remained strong. Sales increased by 21% to 63 transactions, although the pace of expansion slowed slightly compared with the 23% growth recorded in January.

Elsewhere, Paphos posted a 14% increase in sales, rising from 280 to 319 transactions. Growth in the district moderated compared with the 25% increase reported at the beginning of the year.

Nicosia recorded a more gradual increase of 5%, reaching 332 transactions from 315 a year earlier. Larnaca registered modest growth of 2%, with 341 properties sold compared with 335 in February 2025.

Year-to-Date Analysis

Across Cyprus, property sales during the first two months of 2026 increased by 11% compared with the same period in 2025. The strongest performance was recorded in the free Famagusta district and Paphos, where transactions rose by 22% and 19% respectively.

This performance follows a strong year for the property sector in 2025. A total of 18,114 sales documents were filed, the highest annual level since 2007 and a 15% increase compared with the 15,797 recorded in 2024. The latest data indicate that the Cypriot property market continues to attract both domestic and international buyers, with transaction activity remaining elevated across most districts.

Strengthening The Maritime Industrial Base

The European Commission has presented a Maritime Industrial Strategy designed to strengthen the competitiveness, sustainability and resilience of Europe’s maritime sector. The initiative targets key areas of the industry and aims to reinforce the EU’s technological and industrial capacity in shipping, shipbuilding and port operations.

Innovating For A Future-Ready Industry

The strategy focuses on major segments of the maritime economy, including shipping, ports and shipbuilding. Plans include the creation of a European alliance for maritime industries, support for advanced shipbuilding projects and the development of specialized vessels for emerging sectors such as offshore wind.

New technologies are also part of the agenda. The Commission highlighted future development of equipment for ports and shipyards as well as innovations such as unmanned underwater vehicles and advanced maritime systems.

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Investing In Research And Digital Transformation

Research and innovation will play a central role in the strategy. Under the Horizon Europe framework, the “Shipyards of the Future” initiative will test new technologies in operational shipyards.

Regulatory adjustments are also under consideration. The Commission plans to simplify certain rules affecting the maritime industry and improve the attractiveness of European shipping flags. Proposed changes to the EU Emissions Trading System are intended to support investment while advancing the decarbonisation of the EU fleet and encouraging digitalisation across shipyards.

Revitalising European Port Infrastructure

Alongside the maritime strategy, the Commission introduced a separate framework aimed at strengthening Europe’s ports. Ports play a central role in the EU economy, handling around 74% of the bloc’s external trade and supporting millions of passenger movements each year. Key priorities include digitalisation of port operations, stronger connections with European transport networks and updated guidelines concerning foreign ownership of port infrastructure.

Enhancing Security And Dual-Use Capabilities

The strategies also address security considerations linked to maritime industries. European shipyards and equipment manufacturers may receive additional support through export financing tools and targeted trade policies. Workforce development is another focus area. Training initiatives are expected to help shipbuilders and seafarers adapt to new technologies and environmental standards as the industry evolves.

A Strategic Roadmap For The Future

Implementation of the strategy will involve the creation of a high-level Maritime and Ports Council to guide coordination between industry and policymakers. The initiative forms part of broader EU efforts to strengthen competitiveness while supporting sustainable maritime transport and industrial development.

BYD, the world’s largest electric vehicle manufacturer, reported a decline in domestic sales during the first two months of 2026. Adjusted for seasonal fluctuations linked to the Chinese New Year, sales fell by 36% year-over-year, highlighting intensifying competition in China’s electric vehicle market.

Competitive Surge And Shifting Market Dynamics

While BYD’s sales weakened, several competitors posted strong gains. Leapmotor and Xiaomi reported year-over-year sales growth of 19% and 48%, respectively. Leapmotor delivered 60,126 vehicles during the two months, while Xiaomi exceeded 59,000 units.

Other manufacturers also recorded significant increases. Deliveries at NIO rose by 77%, while Zeekr reported an 84% increase, according to calculations cited by CNBC.

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Not all automakers saw growth. Deliveries at XPeng declined by 42%, while Li Auto recorded a smaller drop of nearly 4%, illustrating uneven performance across the sector.

China’s Leveling Playing Field

Analysts say competition in China’s EV market is becoming more balanced. Leon Cheng, head of the mobility practice at YCP, noted that BYD still holds a substantial market share but faces increasing pressure from competitors targeting mid-range vehicle segments.

New product launches are also reshaping the landscape. Xiaomi’s YU7 SUV became the best-selling passenger vehicle in China in January, surpassing the Tesla Model Y, which had previously held the top position.

Policy changes may have also affected recent sales. China reinstated a 5% purchase tax on new energy vehicles, prompting many consumers to accelerate purchases before the tax took effect.

Push For Self-Reliance And Diversification

Chinese EV manufacturers are increasingly expanding beyond domestic markets. BYD has accelerated its international strategy, and in February, its exports exceeded domestic sales for the first time. Growing overseas demand provides a buffer against rising competition in China, where multiple manufacturers are targeting the same consumer segments.

Regulators are also gradually reducing purchase incentives for electric vehicles to encourage technological development and greater industry self-reliance. Lawrence Loh, professor at the National University of Singapore Business School, noted that this shift is encouraging companies to develop new financing strategies.

Several automakers have already introduced new financing offers. Tesla launched five-year zero-interest loans, while Xiaomi introduced seven-year low-interest financing options aimed at maintaining consumer demand.

Looking Ahead

BYD is preparing new product launches for the domestic market later this year, including models featuring updated battery technologies and driver-assistance systems.

Industry observers say these developments could support renewed demand while avoiding another round of aggressive price competition in China’s EV sector.