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UAE seeks exemption from US steel, aluminium tariffs

DUBAI / Reuters The United Arab Emirates is asking Washington to exempt it from new US tariffs on aluminium and steel and believes it has a strong case, a senior government official said on Tuesday. US President Donald Trump is pressing ahead with imposing import tariffs of 25 percent on steel and 10 percent on aluminium, but has already exempted ...

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UAE, South Korea discuss cooperation

Abu Dhabi / WAM Saif Mohammed Al Hajeri, the Chairman of the Department of Economic Development — Abu Dhabi, and Park Kang-Ho, Ambassador of South Korea to the UAE, discussed with him ways to create more investment opportunities in a number of economic sectors related to advanced knowledge and technology. During the meeting, they hashed out the development of economic ...

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Financial facilities offered by national banks hit AED11.8bn

ABU DHABI / WAM The financial facilities offered by national banks to the government and public and private sectors stood at AED11.8 billion in January, boosted by increasing dynamic economic performance and activities, according to figures released by Central Bank. Figures showed accumulated balance of financing by national banks reached AED1.3 trillion. A preliminary reading of the facilities flow index ...

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