Trump threatens Apple with a 25% tariff if iPhones aren’t made in US
Washington, United States -- US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones...Business Economy
US stocks move sideways but poised for weekly gains
The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend's trade talks resulted in...Business Economy
Morocco aims to increase exports by 12% in 2024, says kingdom’s trade minister
Dubai, UAE-- Morocco hopes to increase its exports by 12 percent this year, according to the kingdom's minister of industry...The minister said in Dubai the Moroccan government's economic growth forecasts are around 3.7 percent this year
He said the WTO conference is an opportunity for dialogue toward fairer and more transparent trade measures
‘WTO champions global trade stability, prosperity’
"It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services"...Comoros and Timor-Leste sign Protocols of Accession, set to join WTO within 30 days.
Accessions signify global confidence in the WTO and promise their economic growth.
EDB’s contribution to UAE’s industrial GDP in 2023 rises to US$1.1bn
ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...EDB’s flexible financing solutions and patient debt approach have significantly bolstered industrial growth.
EDB has approved $353 million in financing under the Credit Guarantee Scheme with partner banks in UAE.
China discovers world’s largest metamorphic rock oilfield in Bohai Sea
BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock...The Bohai 26-6 oilfield is situated approximately 170 kilometers from Tianjin Municipality.
It has been anticipated that the average daily oil production will surpass 390 cubic meters.
Goldman Sachs, Mubadala ink pact
The two firms have signed a $1 billion private credit deal.The partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated team across multiple Asia Pacific markets.
This mandate will enable both firms to continue scaling their investment activity in the large and growing Asia Pacific credit market.
Finland, UAE eye collaborations in clean technologies
"There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I...Finland is aiming for climate neutrality by 2035 through the adoption of low-energy, clean technologies.
The WTO can help establish a level playing field for the trade of environmental goods and services.
China pledges to ‘work with all’ for results at Abu Dhabi WTO conference
Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference...China, according to Wentao, supports efforts such as the restoration of the normal functioning of the WTO's dispute settlement mechanism
The minister said China also supports the inclusion of the agreement on investment facilitation for development into the WTO's legal framework
WTO chief economist applauds UAE ‘commitment’ to trade liberalization
Abu Dhabi, UAE-- Applauding the UAE's commitment to trade liberalization, including development of green and digital trade globally, Ralph Ossa,...The WTO economist said the UAE is a "natural fit" for hosting the ministerial conference, praising the country's focus on low tariffs and export diversification
Ossa said the conference is looking to make progress on range of issues such as the reform of dispute settlement system, constraints on subsidies leading to overfishing
Majority of WTO members sign investment deal for development
The deal aims to facilitate "the flow of foreign direct investment... particularly to developing and least-developed" countries with the aim...The Investment Facilitation for Development (IFD) Agreement, signed by 75 percent of the WTO's members, would require full consensus before it could be formally incorporated
Despite broad backing, some members may still oppose its integration into the WTO, including India, which typically objects to agreements that do not cover all countries
WTO convenes ministers in UAE with slim hopes for breakthrough
The World Trade Organization's 13th ministerial conference (MC13), scheduled to run until Thursday in Abu Dhabi, the capital of the...
