Mubadala to acquire $600m stake in Nord Anglia Education
Mubadala Investment Company has inked an agreement to acquire a minority stake in Nord Anglia Education, a leading international schools group, for ...
UAE's Majid Al Futtaim invests $1.36 billion to expand Dubai's Mall of the Emirates
Emirati retail conglomerate Majid Al Futtaim announced on Wednesday a AED 5 Billion ($1.36 billion) investment to expand Dubai shopping mall the Ma ...
Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China
Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, now needs special licence. Nvidia has said it exp ...
UAE Strengthens Its Customs Leadership in Global Trade
The United Arab Emirates (UAE) continues to solidify its position as a global leader in customs and trade facilitation, leveraging advanced technol ...
Trump considers pausing his auto tariffs as the world economy endures whiplash
President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to ...
Oil prices up amid US tariff exemptions, output cuts and Washington-Tehran talks
Oil prices edged up on Tuesday following the US announcement of additional tariff exemptions, a global oil production cut, and ongoing talks betwee ...
Chinese exports swell ahead of US tariffs that will snarl trade
China’s exports rebounded in March ahead of the massive tariff hikes imposed against it by the US this month, with near-record shipments flow ...
China calls on the US to 'correct its mistakes' by canceling reciprocal tariffs
China called on the United States on Sunday to "correct its mistakes" by canceling its planned tariff hikes and return to a "path of mutual respect ...
Probability of U.S. Economic Recession Rises to 45%
The likelihood of a U.S. economic recession has increased to 45%, according to recent analyses by Goldman Sachs and other financial institutions.&n ...
Morgan Stanley profit beats estimates, CEO hopeful about deals
Morgan Stanley (MS.N), opens new tab beat first-quarter profit estimates on Friday, helped by record equity trading and strong wealth management re ...
Abu Dhabi’s Masdar Completes Acquisition of Terna Energy
Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% shares in Greece’s Terna Energy. The acquisition follo ...
China says Trump’s trade war ‘will end in failure’ as Beijing tariffs take effect
China says Donald Trump’s trade war with Beijing “will end in failure” for Washington, hours after the US president announced he ...
Oil retreats after sharp rally as US-China trade war escalates
Oil prices retreated nearly 3% on Thursday as fears of a deepening U.S.-China trade war and possible recession eclipsed earlier relief created by P ...
China announces 84% tariffs on US goods in showdown with Trump. Europe also hits back
China unveiled retaliatory tariffs of 84% on imports of US goods on Wednesday, matching additional tariffs imposed by US President Donald Trump ear ...
Oil prices tumble to four-year low as US-China trade war fuels recession fears
Crude oil prices plunged to a fresh four-year low as the US-China trade war escalated. Other economic-growth-sensitive commodities, including iron ...
Aquila Group to open Middle East office in Abu Dhabi
Hamburg-based investment firm Aquila Group is expanding its operations with a new office in Abu Dhabi in the United Arab Emirates as it targets gro ...
Oil prices climb 1% after heavy US tariff-driven selloff
Oil prices were up around 1% on Tuesday, rebounding from a near four-year low in the previous session on concerns that U.S. tariffs might depress d ...
Abu Dhabi records 9% growth in non-oil foreign trade
Abu Dhabi Customs has reported a 9 per cent increase in the emirate’s non-oil foreign trade in 2024, reaching AED 306 billion, up from AED 28 ...
UAE’s outstanding bonds, Sukuk reach $309.4 billion by Q1 2025: Fitch
UAE's outstanding bonds and Sukuk surged to $309.4 billion by Q1 2025, marking an 8.3 percent year-on-year increase, according to Fitch Ratings. ...
Aim Congress 2025: UAE doubles down on sustainable investment pledge amid global challenges
The UAE is doubling down on its commitment to foster economic growth through sustainable investment, which it hopes will be a model for others to f ...