Most Gulf markets extend gain on US Federal Reserve rate cut prospects

Most Gulf markets ended higher on Sunday, extending gains from the previous session, after data supported the likelihood of interest rate cuts by the US Federal Reserve. The US personal...

Jebel Ali Port hits new monthly container throughput record

DP World’s Jebel Ali Port set a new monthly container throughput record in July, handling 1,400,000 TEUs (Twenty-Foot Equivalent Units) and topping its previous high set in 2015. This follows...

Canada imposes a 100% tariff on imports of Chinese-made EVs

Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches US tariffs and follows similar plans announced by the European Commission....

China’s fiscal revenue falls 2.6% in the first seven months of 2024

China’s fiscal revenue fell 2.6 per cent in the first seven months of 2024 from a year earlier, narrowing slightly from a 2.8 per cent slide in the first half,...

Dubai-based Emirati companies invest $1.4 billion in China between 2015-2023

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said that Dubai-based Emirati companies had invested a total of $1.4 billion in the Chinese market from 2015 to 2023....

DMCC seeks to broaden UAE-US trade and investment flows

DMCC — the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise - has concluded its second Made for Trade Live roadshow of the United...

India’s industrial and warehousing sector records robust demand in H1

ADGM continues rapid growth, issues 1,271 new licences in H1 2024

Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of the UAE’s capital, continued its impressive growth trajectory, reporting exceptional performance in the first half of 2024. As the...

Nancy Pelosi wants you to know she wields power

Saudi ports report 15.72% growth

Saudi Arabia’s ports recorded a 15.72 per cent increase in container handling in July compared to the same month last year, official data showed. According to Arab News, the latest...