Alvin R. Cabral

1 week ago | thenationalnews.com | Alvin R. Cabral

The Comprehensive Economic Partnership Agreement between the UAE and Serbia came into force on Saturday, as the Emirates continues to strengthen its trade relations globally. The UAE's 10th Cepa is expected to boost trade and investment flows, and remove or significantly reduce tariffs, which will all lay the foundations for enhanced co-operation across a spectrum of critical industries, the Ministry of Foreign Trade said in a statement on Saturday.

1 week ago | thenationalnews.com | Mina Aldroubi |Alvin R. Cabral

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Syria on Saturday, leading a high-level delegation that aims to strengthen ties as the war-torn nation prepares for an economic opening on the expected lifting of years-long sanctions. Prince Faisal is due to meet Syrian President Ahmed Al Sharaa, and is expected to hold economic talks between the two sides as an economic delegation is accompanying the Saudi official, the Saudi foreign ministry said in a statement.

1 week ago | thenationalnews.com | Alvin R. Cabral

Opec+ has agreed to maintain its monthly oil output of 411,000 barrels per day for July, as it boosts supply amid trade tension-induced economic uncertainty. Analysts say the move is a possible gesture to appease US President Donald Trump's desire for lower crude prices. The hike marks the third consecutive month that the group, led by Saudi Arabia and Russia, will raise production at the same level, Opec+ said in a statement following a virtual meeting on Saturday.

1 week ago | thenationalnews.com | Alvin R. Cabral

Stock markets ended the week mixed, reversing rallies on Friday after US President Donald Trump accused China of “totally violating” their trade deal, reigniting tensions that had simmered down after a detente three weeks ago. Mr Trump, in a post on his Truth Social platform, said US levies made it “impossible” for China to trade with the US, and that the “fast deal” was struck to prevent a “very bad situation” for Beijing.

1 week ago | thenationalnews.com | Alvin R. Cabral

Petrol prices in the UAE will remain steady in June, while diesel will fall for a second month in a row, authorities announced on Saturday. It will be the second month that gasoline fuels will remain unchanged in 2025 after a similar decision for January. Prices then rose by about 5 per cent in February, before decreasing in March and April. In May, diesel fell while other fuel products marginally rose.