European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.
US FedEx Corp on Friday again apologised and blamed Washington’s ban on Huawei for being “unclear” as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.
World shares were trading in a narrow range on Thursday after major US indexes hit record highs in a pre-Independence Day rally, buoyed by the easing of trade tensions between the US and China.
European and US stocks climbed on Friday as investors kept a watch on developments at a G20 summit in Japan, where US President Donald Trump and Chinese counterpart Xi Jinping are due to hold key trade talks.
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.
The Dubai International Financial Centre (DIFC), a leading financial hub in the Middle East, Africa and South Asia (MEASA) and home to the largest, most advanced financial innovation ecosystem in the region,
Dubai Land Department, DLD, has said that the real estate sector significantly contributed to GDP growth in the Emirate.
The direct contribution of travel and tourism to the Middle East’s GDP is predicted to rise by 4.2 per cent per annum to $133.6 billion by 2028 — driven in part by additional tourists to the region as a result of mega-events,