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Emerging markets ETFs see inflows for fourth week straight
Recent inflows pushed EM ETFs into the green YTD for the first time since April
A slew of manufacturing and localization agreements from Make it in the Emirates
The Abu Dhabi Investment Office launched an automotive program aiming to establish an end-to-end automotive ecosystem in the emirate
China’s rare earth export delays are threatening global supply chains
Beijing imposed new export controls in early April on seven rare earth elements
Wall Street’s rebound cools as investors await new data
April’s producer price index and retail sales data, both of which are due later today
US stocks extend rally on softer inflation data
The S&P 500 closed higher for the second straight session, wiping out year-to-date losses
Chinese exporters are looking to third countries to bypass US tariffs
South Korea found USD 21 mn worth of falsely labeled products last month alone
THIS MORNING: Etihad Airways “ready” for an IPO but does not need the cash, CEO says + Adia eyes sale of 50% stake in IFCO
Plus: UAE, Saudi Arabia in talks with Korean arms contractor
UAE banks are the most resilient among GCC peers in the face of impacts from tariffs, S&P Global says
The UAE’s banks have “the strongest net external asset position” among GCC countries
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