How is war and regeneration in the Middle East reshaping global aviation? 

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• 00:03

  Craft matters.

• 00:04

  In small ways, like how a coffee is brewed.

• 00:07

  And in not-so-small ways, like how your money is cared for.

• 00:11

  Which is why for 160 years, UBS has elevated banking to a craft.

• 00:17

  Tailoring unique strategies that combine human expertise with the latest technologies.

• 00:22

  All happening across 24 time zones and 12 key financial hubs.

• 00:27

  With you at the heart of it all.

• 00:29

  UBS.

• 00:30

  Advice is our craft.

• 00:38

  Listening to The Globalist, first broadcast on the 3rd of August, 2026 on Monocle Radio.

• 00:44

  The Globalist, in association with UBS.

• 01:08

  Live from London, this is The Globalist.

• 01:10

  I'm Fanula Sweeney.

• 01:11

  And I'm Emma Nelson.

• 01:12

  A very warm welcome to today's programme.

• 01:14

  Coming up, flying's new normal.

• 01:17

  As conflict continues in the Gulf, airlines are learning to fly around it.

• 01:21

  In a moment, we look at the future of aviation in the region.

• 01:24

  Then.

• 01:25

  Ceuta is a Spanish city and what happened deserves all of our rebuke,

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