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UAE well-positioned to offset global woes
May 03, 2025
|Gulf Today
On April 2, President Donald Trump imposed the steepest US tariffs in a century. Middle East share markets plunged. Oil prices fell to their lowest level in four years.
But the panic was misplaced. Markets have already clawed back some losses. And looking closer, one thing is clear: the Middle East is better positioned than almost any other region to thrive in this new era of economic battles.
One significant impact of higher US tariffs has been lower crude oil prices. Markets worry that tariffs will slow the global economy and slash oil demand. Of all countries in the Middle East, the UAE has the least to fear from this risk.
هذه القصة من طبعة May 03, 2025 من Gulf Today.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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