The Red Sea and Suez Canal corridor has seen sharply reduced vessel traffic since November 2023, when the Houthis began targeting merchant ships. The group has attacked more than 100… read more →
In exchange, the US will face “zero tariff” on its exports to the EU and over £1 trillion in investments, said President Trump on Sunday. The deal had been long… read more →
In what US President Donald Trump has described as “perhaps the largest Deal ever made”, this marks a deescalation from the previously agreed 25% rate – but higher than the… read more →
The acquisition, in which the American investment giant would purchase a controlling stake in 43 ports around the world, has been months in the making: it was first announced in… read more →
The draft convention, approved on Monday, 14 July, during UNCITRAL’s 58th session, addresses a legal gap that has hampered international commerce. Until now, only maritime transport has benefited from widely… read more →
The Dubai-based ports operator signed the build-operate-transfer agreement with Syria’s General Authority for Land and Sea Ports in Damascus, representing a significant vote of confidence in Syria’s economic prospects following… read more →
NPCI International Payments Limited, the overseas arm of India’s National Payments Corporation, has detailed its progress in expanding UPI acceptance throughout the UAE, marking a strategic deepening of financial ties… read more →
The Minneapolis-based bank is the first American lender to execute a transaction using WaveBL, a blockchain platform that enables encrypted document transfers between trading partners and their financial institutions. “Our… read more →
Instead, US President Donald Trump announced on Monday, 7 July, that the tariffs wouldn’t go into effect until 1 August, with a possibility of further extensions to accommodate potential new… read more →
Amid rising protectionism and fears of a global trade war, a functioning international trade body is essential; the WTO, which has served that function for almost 30 years, is now… read more →
