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Wall street sees worst day since covid-19 as tariffs weigh on investor confidence
US stocks wiped out some USD 3.1 tn in market value
Trump’s sweeping tariffs spark panic across global markets
Wall Street futures took a nosedive following news of widespread reciprocal tariffs on US trading partners
It’s a slow start to the year for M&A so far as uncertainty takes hold
Global M&A volumes hit just USD 590 mn through 25 March, according to Bloomberg Intelligence data
UAE assets, including sukuk, are becoming an investor favorite amid global headwinds
The UAE’s sukuk have delivered an average return to investors of 2.5% since Trump’s inauguration
More firms set up shop in DIFC + Jafza earmarks AED 90 mn to expand logistics park
Plus: Bitpanda obtained a broker-dealer license from Dubai’s VARA
Monaco leads world in bn-USD firms per capita
The US ranks 16th, despite hosting the largest number of these firms
The UAE’s rising influence in global markets is getting coverage everywhere
The foreign press is spotlighting the UAE’s rise as a financial hub, a significant diplomatic player, and a hospitality leader
Retail investors pour USD 67 bn into US stocks as institutions retreat
Retail investors are afraid to miss out on a buying opportunity
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