Abu Dhabi Fund for Development annual report highlights extent of UAE support for foreign aid
Politics & Economics
Latest in Politics & Economics
Donald Trump
President Trump imposes ban on 12 countries from travel to the US
Seven more countries face heightened restrictions; A few categories, including elite athletes and dual citizens, exempted from Trump’s US travel ban
Ireland
Irish food and drink exports to Middle East and Africa hit $624m in 2024
Irish food exports to Middle East and Africa pass $620m and exporters expect growth
ministry of finance qatar
Qatar posts $138m budget deficit in Q1 2025
Qatar sees dip in revenues during first three months of 2025
Debts Settlement Fund
UAE exempts 222 citizens from $39mn in debts
The programme contributes to social development by alleviating financial burdens, supporting retirees and social support beneficiaries, and fostering family stability
Eid Al Adha
Eid Al Adha 2025: Ajman Ruler Sheikh Humaid awards $1.4mn to fishermen
The initiative aims to encourage UAE citizens to engage in the fishing profession whilst meeting the needs of fishermen
defence
UAE defence firm signs $2.45bn missile boat deal with Kuwait
UAE defence giant Edge will supply Kuwait with missile boats as part of $2.45bn naval deal
Crown Prince of Dubai
Dubai Crown Prince Sheikh Hamdan visits world’s largest diamond tender facility
Sheikh Hamdan visited the world’s largest diamond tender facility at Dubai Multi Commodities Centre (DMCC) as it marks major milestone of 1b carats of diamonds traded
Dubai Chamber
Dubai looks to boost economic ties to Thailand as trade soars to $6.5bn
Thai investments in Dubai reach $626m as economic ties strengthened
cepa
UAE and Serbia eye $351m trade relations as CEPA deal launches
UAE and Serbia launch Comprehensive Economic Partnership Agreement to boost trade
Dubai Chamber
Dubai Chamber of Commerce sees 216 new Filipino companies added in Q1
Dubai is witnessing significant growth in Filipino companies registered and trading in the emirate
Economy
Global economy set to weaken amid rising uncertainty, WEF economists warn
Trade policy uncertainty reaches 60-year high as 97% of economists identify it as top concern, exceeding pandemic-era volatility
Donald Trump
Washington appeals court puts a stay on trade court’s decision on tariffs
Appeals court orders plaintiffs to respond by June 5, administration by June 9 after a trade court ruled the President exceeded authority
Dubai
Dubai real estate: Trump tariffs drive 40% surge in US, Chinese investment interest
Despite the tariffs targeting imports into the American market, construction material costs in Dubai remain unaffected as the UAE faces no reciprocal duties on its own imports
Donald Trump
Dollar, stocks and oil rally as US court deems Trump’s tariffs illegal
Markets worldwide heave a sigh of relief after the Court of International Trade ruled the US President has overstepped his authority
Donald Trump
Elon Musk announces Trump administration exit, says scheduled time ‘comes to an end’
Musk’s 130-day mandate as a special government employee in the Trump administration was set to expire around May 30
cepa
UAE and EU look to boost $68bn trade relations with CEPA deal
UAE and EU advance talks over Comprehensive Economic Partnership Agreement