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Africa-focused trading house Atmin to be set up in Dubai
Dubai-based Atmin will begin by focusing on crude, then expand into oil products and minerals
UAE issuers are rushing into debt markets as investors remain bullish on the UAE amid tariff headwinds
The rush into debt markets comes after a volatile few weeks for markets, as US Treasury rates recover
US tariffs will hit its own consumers. Retailers and suppliers are bracing for impact.
Businesses face tough choices as tariff effects squeeze both supply and demand
THIS MORNING: Mubadala is re-assessing its investment strategy amid trade tensions, CEO says + Tourism is off to a strong start this year
Plus: UAE, Sri Lanka, and India will discuss Sri Lanka’s energy hub in May
Ayu Life Sciences to develop a AED 33 mn medical facility in Jafza
Dubai Center for Artificial intelligence launches a global AI investment hub
IMF maintains the UAE’s GDP growth forecast at 4%
Inflation is seen rising to 2.1% in 2025
UAE, Pakistan formalize cooperation with new business council
Plus: UAE and Philippines to cooperate on security and combating crime
GCC countries looks to scrap new IMO levy before it takes effect in October
A Saudi-led statement to the IMO warned that the new levy could “endanger exports from developing countries”
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