US President Donald Trump has announced that he will raise a temporary tariff from 10% to 15% on US imports from all countries after the US Supreme Court struck down his previous tariff programme. However, far from being a source of relief, it has infused new risks and uncertainties into trade policy, US debt and the dollar.
DAE Capital, a leading Dubai-based aircraft lessor, is closing in on a deal to buy control of leasing platform Macquarie AirFinance, a Reuters report said quoting two industry sources.
The UAE Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, has launched the first-ever 7-year tranche of UAE dirham-denominated Islamic Treasury Sukuk (T-Sukuk) valued at AED550 million.
The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the US Chamber of Commerce to enhance investment opportunities and exchange expertise.
Al Habtoor Group has confirmed the formal appointment of White & Case, a leading international law firm, to represent the group in its previously announced investment dispute with Lebanon.
The UAE topped the list of Oman’s trading partners last year in non-oil exports - including chemicals, metals and machinery - as well as re-export activities, and merchandise imports, said a report. Other prominent trading partners included Saudi Arabia, India, China, Iran and UK.
The American Accreditation Commission International (AACI), a premier organisation providing healthcare accreditation and clinical excellence certification, has announced the appointment of Dheeraj Khatore as its new Regional CEO for the Middle East and North Africa.
The National Bank of Bahrain (NBB), in collaboration with Injaz, has completed its 'Yalla Learn and Earn' initiative for school students with a Masterclass workshop that combined practical learning with real-world application of budgeting and saving through digital tools.
DNV, an independent risk management and assurance expert based in Norway, has launched its Industrial Services unit, evolving its inspection business into a dedicated provider of quality assurance and inspection services for energy, infrastructure and complex industrial supply chains.
US President Donald Trump has signed an order imposing a new 10% tariff on imports from all countries, invoking Section 122 of the Trade Act shortly after the Supreme Court struck down his earlier sweeping emergency tariffs.
