Trade India’s Jindal SAW to invest in Abu Dhabi facility Jindal SAW, a manufacturer of steel pipes for the energy, transportation and water sectors, will invest $118 million to expand its operations in the Middle East and North Africa (Mena). The company will establish a facility in Abu Dhabi for $105 million, with an annual production capacity of 300,000 tonnes of seamless pipe, the company […] June 11, 2025
Trade Nigeria’s $5bn Aramco loan delayed by oil price drop Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan after a recent decline in crude prices sparked concern among banks that were expected to back the deal, four sources told Reuters. The facility would be Nigeria’s largest oil-backed loan to date and Saudi Arabia’s first participation […] June 10, 2025
Opinion Trade Turkey can turn crisis into catalyst for global trade power Success requires abandoning traditional approaches for bold, decisive action June 9, 2025
Trade Trump tariffs squeeze UAE businesses as costs mount UAE businesses are starting to feel the impact of US tariffs, with cost pressures mounting and revenue forecasts dipping, industry studies have found. Around 65 percent of UAE-based companies surveyed by HSBC reported rising operational costs linked to tariffs announced by President Donald Trump in April. Some of the “Liberation Day” levies have since been […] June 9, 2025
Trade Talks begin on US-UAE trade pact as metal tariffs double UAE officials are to begin negotiations toward a bilateral trade deal with the United States as part of efforts to secure lower tariffs on Emirati steel and aluminium products in particular. Washington and Abu Dhabi have agreed to commence talks after the idea was floated during President Donald Trump’s visit to the Gulf in mid-May, […] June 5, 2025
Trade Italy’s billion-dollar jewellery sales lead trade with UAE Italian exports of jewellery to the UAE grew 24 percent in February over the same month last year, reaching €238 million ($268 million), according to the Italian Trade Agency (ITA). With overall sales of more than €1.22 billion in 2024, up 12 percent year-on-year, Italy remains the world’s third-largest supplier of jewellery to the Emirates, […] June 4, 2025
