Chinese goods flood UAE retail, construction markets

Dubai: The full-on US-China trade tiff has spilt into the UAE and GCC marketplace. The retail and construction sectors here in the UAE are feeling ripples from the spike in trade tensions, with Chinese manufacturers and suppliers looking to alternate markets to feed their goods. These goods are flowing in at prices far lower than […]

UAE gold price crosses Dh175 a gram, good time to sell?

Dubai: There is no joy for UAE gold buyers, with the global trade war now pushing the local rate to Dh175.25 a gram on Monday morning. On July 1, it was Dh158.5 a gram. International gold prices were trading at the $1,545 an ounce level, quite removed from the under $1,400 levels that the metal […]

LuLu International Exchange: Valuing your trust across nations

India is today one of the world’s fastest-growing economies. Over the past seven decades, India has shown its prowess in various fields and Indians around the world can take pride in the giant leaps the country has taken. NRIs are some of the biggest investors in India, and remittances are an integral part of this […]

Trump, Abe say U.S. and Japan have agreed in principle on trade deal

BIARRITZ The United States and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month. The agreement, if finalized, would cool a trade dispute between the two allies just as a trade […]

‘China requested to restart trade talks’

Biarritz: US President Donald Trump said China has asked to re-start trade talks, hours after Beijing’s top negotiator publicly called for calm in response to a weekend of tit-for-tat tariff increases that sent global stocks plunging. “China called last night our trade people and said let’s get back to the table,” Trump said on the […]

NRIs undecided whether to remit now or later

Dubai: The Indian rupee’s taken a further hit by dropping below 72 to the dollar on Monday, going against market expectations that the currency would actually start improving its position this week. That optimism was brought on by a series of measures the Indian finance minister had announced late last week to try and jump […]