How the US-China trade war will impact the UAE

Tuesday, 6 August 2019 11:15

SPENCER PLATT / GETTY IMAGES NORTH AMERICA / AFP

Recent escalations in the trade war between USA and China will have a mixed effect on the UAE's economy.

That's according to experts, who spoke to ARN News after US President Donald Trump accused Beijing of currency manipulation.

He made the comments as the Chinese yuan passed the seven-per-dollar level for the first time in 11 years.

Anita Yadav, Head of Fixed Income Research and Senior Director of Wholesale Banking at Emirates NBD, said one of the positives of the recent developments is that it could attract more international investment into the Emirates.

Yadav also said it could slow things down in Dubai's trade and logistics hubs.

More from Business

Ethiopia to open stock exchange in drive for investors

Ethiopia was set to launch a stock exchange on Friday, the latest step in Prime Minister Abiy Ahmed's attempts to liberalise the struggling economy.
Supreme Court to hear fight over looming US ban on TikTok

Facing a looming ban in the United States, TikTok's fate will be in the hands of the Supreme Court in a case being argued on Friday that pits free speech rights against national security concerns over the widely used short-video app owned by Chinese company ByteDance.
Nvidia criticizes reported Biden plan for AI chip export curbs

Nvidia criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing US leader should not "preempt incoming President Trump" by enacting a last-minute policy.
UAE advances tech cooperation with US partners at CES 2025

During his participation at CES 2025 in Las Vegas, a premier global technology event held in Las Vegas, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has met with senior US officials and business leaders, as the UAE and the US continue to explore ways to strengthen their strategic cooperation in advanced technology and innovation.