In a striking display of resilience, the economies of the Gulf Cooperation Council (GCC) are forecast to grow by 4% in 2025 despite rising global protectionism and geopolitical tensions. This upbeat projection, detailed in the latest ICAEW Economic Insight report prepared by Oxford Economics, comes at a time when many regions are grappling with uncertain […]

The United Arab Emirates (UAE) and the European Union (EU) are entering a new phase of economic cooperation, marked by renewed diplomatic engagement and a strategic focus on boosting trade and investment. A high-level UAE delegation, led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Ahmed Al Sayegh, Minister […]

Global trade reached an all-time high of $33 trillion in 2024—a record expansion of 3.7%, or an additional $1.2 trillion—according to the latest Global Trade Update by UN Trade and Development (UNCTAD). This unprecedented growth was largely driven by the services sector, which surged by 9% and contributed a whopping $700 billion—nearly 60% of the […]

The transatlantic economic relationship—worth an astounding $9.5 trillion annually—is now at a critical juncture as escalating tariff measures threaten to upend decades of interlinked business and investment flows. In a dramatic turn of events, the American Chamber of Commerce to the European Union (AmCham EU) has warned that the recent imposition of tariffs on steel […]

President Trump’s sweeping tariffs on imported steel and aluminum went into effect Wednesday, marking the latest move in a controversial trade policy that has already sparked significant international backlash and set the stage for an escalating global trade war. The administration’s decision to impose a 25 percent tariff on metal imports from every country supplying […]

Moody’s Ratings on Wednesday projected that India’s economic growth will surpass 6.5% in the next fiscal year (FY26), up from 6.3% in FY25. The upbeat outlook is anchored in a combination of higher government capital expenditure, consumption support through tax cuts, and monetary easing by the Reserve Bank of India (RBI). This forecast comes on […]

In a dramatic escalation of the global trade and economic conflict, former President Donald Trump is spearheading a new initiative aimed at curbing China’s near-monopoly in the shipbuilding industry. The administration’s proposal to impose steep levies on Chinese-made container ships arriving at U.S. ports is not only a direct challenge to Beijing’s dominance but also […]

Stock markets across the US and Asia experienced sharp declines on Monday as investors reacted to renewed concerns about the potential economic fallout from President Donald Trump’s tariff policies. The turmoil comes amid heightened uncertainty over whether the tariffs—aimed at pressuring key trade partners—will trigger inflation, slow economic growth, and possibly even lead to a […]

US President Donald Trump has, once again, sparked debate by refusing to definitively rule out the possibility of a recession in 2025. During an interview on Fox News, Trump expressed vague reassurances amid signs of market instability, stating, “I hate to predict things like that. There is a period of transition, because what we’re doing […]

China’s trade data for January and February has sent shockwaves through global markets as imports unexpectedly tumbled, while export momentum slowed considerably. The unexpected decline in trade activity comes as escalating tariff pressures and renewed trade war measures between the United States and China continue to cast a long shadow over the world’s second-largest economy. […]