economy

Dubai named second leading gastronomy capital globally with 1,200 new restaurant licenses issued in 2024

The accommodation and food service sector accounted for a total 3.4 percent share of Dubai’s overall GDP

WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop

The preliminary estimate came as Trump raised tariffs on China but paused others for 90 days

Egypt annual urban consumer price inflation rises to 13.6 percent in March

Country aims for $60 billion in foreign direct investment, $145 billion in exports

EU approves first wave of countermeasures against U.S. tariffs

The European Union will target a range of U.S. imports starting next Tuesday in response to the U.S. tariffs on metals

China retaliates with 84 percent tariffs on U.S. goods

The European Union is also preparing its own retaliatory measures for later on Wednesday

Microsoft surpasses Apple as most valuable company amid trade war concerns

On Tuesday, Apple shares fell to an 11-month low during aftermarket trading

UAE and Kazakhstan central banks forge cooperation for financial market regulation, development

Agreement aims to strengthen cooperation and information exchange in areas of mutual interest

Saudi Arabia achieves top global ranking in empowering women in AI sector: Report

The Kingdom ranked third in AI job growth for 2024 and fourth in leading AI models

UAE strengthens trade with Congo, offers 99.5 percent tariff exemptions: Al Zeyoudi

Congo’s key sectors set to thrive under the new Comprehensive Economic Partnership Agreement

Egypt secures nine development agreements worth $290.2 million with France, EU

These deals will support priority projects in water treatment, sanitation, electricity, and rail transport sectors

UAE, Congo sign CEPA to elevate bilateral non-oil trade to $7.2 billion by 2032

Agreement will usher in a new era of collaboration in various economic sectors

Canada implements 25 percent counter-tariffs on U.S. vehicles

Canada is the largest U.S. car export market, with 8 percent non-compliant vehicles estimated