Barry Bennett’s comments come a week after Trump announced plans to impose a 10% tariff on Chinese imports upon taking office on Jan. 20
Economics
Latest in Economics
Economics
Iran-Israel geopolitical tensions raise risks for Middle East economic outlook, but little fallout so far: Reports
The recent flare-up follows rising Iran-Israel hostility over the last two years as Iran has ramped up its nuclear program, which Israel staunchly opposes
Asia
BRICS UAE, Saudi expansion marks biggest challenge to the US dollar in the 21st century
The now enlarged BRICS+ deepens the pursuit of a post-dollar world as geopolitical fault lines shift, experts say
Asset Management
Why are real assets the key to investors’ survival?
Historically, real assets have indeed outperformed cash and bonds during elevated, but contained, periods of inflation
Dubai
Dubai’s multi-billion dirham budget leans into Covid-19 rebound
AED181 billion has been set aside for the next three years to ensure quality of life improves for Emiratis and Dubai remains an attractive place for foreign talent
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Air transport
Dubai-Panama direct flight a ‘matter of time’ says ambassador
Emirates shelved plans for a non-stop flight between Dubai and Panama in 2016
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Asian stock markets
India, Pakistan, global markets and oil – the losers in recent global events
Jameel Ahmad, global head of Currency Strategy & Market Research at FXTM, analyses the losers in recent global events
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Bilateral trade
UAE companies concerned over Iran sanctions compliance
Experts from law firm Baker McKenzie said it is clear that UAE companies are taking a more conservative approach to dealings with Iran
Economics
British pound surge impacts remittances of UAE’s richest
Theresa May’s surprise election call has started to impact remittance from UAE’s high net worth individuals
Economics
Converse fills trademark infringement lawsuits
Converse, owned by Nike, announced it is filing lawsuits against 31 companies, accusing them of trademark infringement on its widely recognisable Chuck Taylor shoe. The design infringements include one or two black stripes and the rubber cap above the toe.
Economics
China’s PM visits Germany
China’s Premier Li Keqiang is on the second visit to Germany, China’s biggest European trade partner, since taking office last year.