# Publicis' Middle East and Africa business posted a 5.1% decline in organic revenue in the quarter, with the United Arab Emirates and Israel most affected.

*business · news · 2026-04-15 · Business Insider*

## Key points

- Publicis reported a 5.1% organic revenue decline in the Middle East and Africa, citing UAE and Israel.
- Kering experienced an 11% Q1 retail revenue drop in the Middle East, impacting overall retail performance.
- LVMH said Sephora performed better than other brands in the region due to Saudi market resilience.
- Hermès attributed a sales drop in France to fewer Middle Eastern customers, tied to the Iran conflict.
- Goldman Sachs CEO said AI opportunities now outweigh some geopolitical risks for investment banking activity.

**Companies:** Goldman Sachs, LVMH, Publicis, Kering, Hermes
**Countries:** United States, France, United Arab Emirates, Israel, Saudi Arabia, Iran

[Read the full story on Business Insider](https://www.businessinsider.com/what-ceos-execs-say-about-impact-of-iran-war-business-2026-4)

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