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Trump administration unveils new strategy to make US tariffs more permanent
July 25th, 2026 - 08:32 GMT
Osama Ali

Osama Ali

Trump administration unveils new strategy to make US tariffs more permanent

ALBAWABA - The Trump administration is ready to double down on its trade agenda with a more permanent tariff regime after losing a legal challenge that overturned several of its emergency-based trade measures, using long-standing U.S. trade regulations. Donald Trump’s return to power in 2025 saw him immediately imposing sweeping tariffs to force major trading partners back to the negotiating table on trade. But the U.S. Supreme Court later ruled ...
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Gardenia Plaza Resort in Sharm El Sheikh, a timeshare property once a popular with European tourists. (Capstone Travel)
September 6th, 2016 - 05:44 GMT

Egypt: Steep decline in tourism prompts rethink of timeshare system

Saudi Deputy Crown Prince Muhammad bin Salman at the G20 Summit in Hangzhou. (AFP/Nicolas Asfouri)
September 6th, 2016 - 05:13 GMT

Saudi, Russian statement lifts oil prices despite lacking specifics of action plan

A broader consensus around the need to standardize legal structures and Sharia interpretation could help the industry to progress, according to S&P. (File photo)
September 5th, 2016 - 12:55 GMT

Islamic finance: Cheap oil, lack of industry standardization will impact growth

The Grand Ethiopian Renaissance Dam is now 70 percent complete. (File photo)
September 5th, 2016 - 12:34 GMT

Another day, another delay: September's Grand Renaissance Dam meeting postponed

PCP Capital Partners LLP is led by investment banker Amanda Staveley, who was instrumental in assisting Barclays in raising funds in Abu Dhabi. (File photo)
September 5th, 2016 - 12:01 GMT

Barclays accused of fraudulent $3B loans to Qatari investors to buy its own shares

There has been a recent surge in the number of bank defaults and incidents of fleeing expatriate businessmen in the absence of a legal framework on debt restructuring and bankruptcy. (Shutterstock)
September 5th, 2016 - 07:00 GMT

New UAE bankruptcy law will make business environment more investor-friendly

S&P warns that economic growth will remain relatively weak as long as the domestic political standstill persists and the Syrian civil war continues. (File photo)
September 5th, 2016 - 06:00 GMT

No negativity: S&P upgrades Lebanon outlook to stable

After NY and London, Singapore, Hong Kong, Paris and Milan were the next most popular destinations for Arab property investors. (File photo)
September 5th, 2016 - 05:00 GMT

Arab property investors go stateside to New York over London

Plastic waste generated in Saudi Arabia  is double the consumption rate in the GCC. (Econet.ru)
September 5th, 2016 - 04:37 GMT

Saudi Arabia's plastic consumption 20 times higher than global average

Low oil prices prompted the government to reduce spending notably, with cuts mostly hitting non-essential expenditures with little impact on the domestic economy. (Shutterstock)
September 4th, 2016 - 12:00 GMT

Kuwait posts $15.2B deficit as low oil continues to exert pressure

The drilling campaign on Zohr will continue in 2016 with the drilling of a sixth well. (Wikipedia)
September 4th, 2016 - 11:00 GMT

Eni steps up drilling in Egypt's Mediterranean with fifth well

The new project will serve around 350,000 people while indirect beneficiaries from the project would reach 800,000. (Wikimedia Commons)
September 4th, 2016 - 10:00 GMT

Lebanon gets $55M World Bank loan to fight Bekaa Valley pollution

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