economy

Abu Dhabi’s non-oil foreign trade grows to $83.31 billion in 2024 on exports boom

Non-oil exports soared 16 percent in 2024, reaching AED107.8 billion compared to AED93 billion in 2023

Bitcoin falls to $75,741 as Trump’s tariffs trigger stock market plunge

Bitcoin is expected to continue moving similar to equities as global recession fears overshadow any crypto regulatory tailwinds

Stock market downturn: Asia reacts to U.S. tariff plans, recession fears

S&P 500 futures fell 3.5 percent, Nasdaq futures dropped 4.4 percent, increasing total market losses to $6 trillion

UAE announces new tax rules regarding non-resident nexus for corporate regulations

This decision eases compliance for foreign investors and highlights the UAE's commitment to investment appeal

Dubai gold prices up AED0.75, global rates fall to 3.5-week low

Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war

Oil prices hit four-year low of $63.93 amid Trump tariff fears

Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand

7X appoints Tariq Al Wahedi as Group CEO to lead next phase of growth

Al Wahedi has over 20 years of expertise in logistics, CEP solutions, and venture capital

U.S. economy adds 228,000 jobs in March amid looming trade war escalation

Job growth rebounded significantly from last month’s revised total of 117,000 new jobs added 

IMF urges U.S. to collaborate on trade as tariffs pose economic risks

Georgieva stated the IMF will assess tariffs during meetings from April 21-26 

U.S. trade deficit shrinks by 6.1 percent to $122.7 billion amid tariff changes

Imports held steady at $401.1 billion in February after a sharp increase in the prior month

U.S. tariffs could constrict global trade by 1 percent in 2025, WTO warns 

Trump recently announced a 10 percent import tax and higher tariffs on trade surplus nations.