The United Arab Emirates (UAE) is set to begin negotiations for a bilateral trade agreement with the United States, aiming to secure lower tariffs on Emirati steel and aluminium products. This decision follows discussions that originated during President Donald Trump’s visit to the Gulf in mid-May, as reported by Reuters. During the visit, the US...
Businesses in the UAE show strong confidence in their international trade prospects, with 94% indicating that they expect to expand cross-border trade in the near future. This optimism persists despite the ongoing uncertainties and cost pressures stemming from tariffs, prompting UAE firms to enhance their planning and adopt digital solutions to remain competitive. These insights...
OPEC+ has decided to increase oil production by 411 000 barrels per day starting in June. This decision is anticipated to further decline crude prices, a trend already set in motion by recent tariff announcements from President Trump. The increase in output comes as part of OPEC+’s ongoing efforts to manage global oil supply effectively....
The construction industry in the UAE and Saudi Arabia is projected to experience significant cost increases following new trade tariffs announced by US President Donald Trump. According to the 2025 UAE & KSA Construction Cost Benchmarking Report from Stonehaven, the UAE is expected to face construction cost hikes of 2.7% to 3.3%, while Saudi Arabia...
Markets in the United Arab Emirates closed higher on April 9, 2025, despite escalating tensions from the ongoing US-China trade war. This resilience was observed even as US President Donald Trump intensified the tariff battle by raising duties on Chinese goods to 104%. The FTSE ADX General Index rose by 0.853%, while the DFM General...
Experts in trade and industry have advised UAE manufacturers and exporters on strategies to cope with the impact of new U.S. tariffs. They emphasize the importance of swiftly adapting to the changing American trade environment to minimize the adverse effects on exports. To address these challenges, manufacturers and exporters are encouraged to study market dynamics...
European Union Trade Commissioner Maros Sefkovic announced on Thursday that the EU may postpone the implementation of its first set of countermeasures against the United States until mid-April. This decision comes in response to tariffs imposed by former President Donald Trump on U.S. imports of steel and aluminum. Sefkovic indicated that the EU is considering...
Trading in the United Arab Emirates’ equity markets resulted in mixed outcomes on Monday, reflecting a cautious sentiment influenced by US President Donald Trump’s plans to impose new tariffs. At the close of trading, the FTSE ADX General Index decreased by 0.715%, while the DFM General Index rose by 0.39%. The Trump administration is exploring...