Business from Monday, April 7th, 2025

More than 1,600 energy suppliers from around the world have gathered for a three-day showcase of the latest innovations and technologies at Middle East Energy 2025, running until April 9 at the Dubai World Trade Centre.

Abu Dhabi Customs has reported a 9 per cent increase in the emirate’s non-oil foreign trade in 2024, reaching AED 306 billion, up from AED 281.9 billion in 2023.

Futures tied to the S&P 500 index slumped further on Monday and were down more than 20 per cent from their all-time highs, putting the most closely followed benchmark for US equities on track to confirm a bear market.

The UAE's tourism sector generated AED 45 billion in revenue in 2024, a three per cent year-on-year growth, according to Minister of Economy and Chairman of the Emirates Tourism Council, Abdulla bin Touq Al Marri.

Britain softened demands on automakers to switch to production of electric vehicles on Monday, seeking to alleviate pressure on an industry left reeling from US President Donald Trump's tariffs.

US President Donald Trump warned foreign governments they would have to pay "a lot of money" to lift sweeping tariffs, characterising the duties as "medicine" and triggering further carnage across global financial markets on Monday.