Trade WTO predicts Middle East trade slowdown in 2025 Lower oil prices, the potential for conflicts to escalate and the impact of a Trump presidency are factors supporting the World Trade Organization’s prediction that trade in the Middle East will slow down in 2025, experts have said. In its latest Global Trade Outlook and Statistics report, the WTO said Middle East exports will grow 5 […] November 20, 2024
Trade Iraq resumes talks to join World Trade Organization Iraq has resumed discussions to join the World Trade Organization, almost 20 years since first applying for membership. Negotiation teams from Iraq began preparatory meetings at the Geneva headquarters of the WTO this week. The country’s first application was submitted in 2004 with the creation of a working party, although there has been little movement […] July 18, 2024
Opinion Economy In the Gulf, the age of the petrodollar will not be ending soon GCC currency pegs have provided stability for 40 years. The dollar remains the best bet for oil exporters April 2, 2024
Economy WTO chief expects downside revisions in global trade forecast The head of the World Trade Organization (WTO) told Reuters on Tuesday that she expects that global trade forecasts will be revised lower from the current three percent for 2022, citing the ongoing Russia-Ukraine war and related food and energy crises. “We are in the middle of revising our forecasts now but it’s not looking […] September 28, 2022
