UAE and Georgia Announce Start of CEPA, $1.5bn Trade Targeted  

  • 2 minute read
 
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with the Republic of Georgia has officially entered into force, paving the way for stronger collaboration between the two nations to expand trade opportunities, empower SMEs, and consolidate global supply chains. It will do so by removing or reducing customs duties on 95 per cent of tariff lines, which cover more than 90 per cent of the total non-oil bilateral trade between the two countries, eliminating unnecessary barriers to trade, and improving market access for service exports.
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UAE and Georgia officially begin Comprehensive Economic Partnership Agreement. The UAE and Georgia are looking to triple non-oil trade after the launch of a major economic partnership.

UAE-Georgia CEPA

The UAE-Georgia CEPA is expected to more than triple the total value of non-oil trade between the two countries to $1.5bn within five years, while adding $3.9bn to the UAE’s GDP and $291m to Georgia’s GDP by 2031.

In addition, the landmark deal is expected to substantially increase UAE exports to Georgia to reach $1.3bn by 2031, with key UAE exports set to benefit including refined sugar, electrical appliances, vehicles and parts, polymers and machinery among others.

The UAE is already Georgia’s leading trading partner in the Arab world, accounting for more than 63 per cent of its total trade with the region.

The agreement builds on robust and rapidly growing economic ties between the two countries that saw bilateral non-oil trade reach $511.2m in 2023, a growth of 6.3 per cent compared to 2022.

The UAE is also Georgia’s sixth-largest global investor, accounting for 5 per cent of its total Foreign Direct Investment (FDI) inflows.

Bilateral investment between the two countries currently stands at more than $1bn. The deal aims to accelerate investment flows in key sectors, including:

  • Tourism and hospitality
  • Real estate
  • Renewable energy
  • Retail and wholesale
  • Transport and logistics
  • Manufacturing
  • Electrical equipment
  • Construction materials

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: “The implementation of our Comprehensive Economic Partnership Agreement with the Republic of Georgia is another milestone in our foreign trade agenda, aimed at strengthening bilateral relations with a dynamic, resilient and liked-minded partner, strategically located in the heart of the Caucasus region, at the intersection of Europe and Asia.

“Beyond its strategic location, Georgia presents a promising market for UAE businesses to explore, with proven demand for our key exports and offering a favourable commercial landscape. We have managed to secure a balanced deal that is a win-win for both sides and one that lays the foundations for a new partnership that leverages emerging opportunities, drives investment in priority sectors and contributes to the global economic recovery.”

The Comprehensive Economic Partnership Agreement is a vital component of the UAE’s foreign trade agenda, which seeks to establish stronger, more integrated trading relationships with the most dynamic markets around the world.

In addition to the UAE-Georgia CEPA, the United Arab Emirates has signed and implemented CEPAs with India, Indonesia, Israel, Türkiye, and Cambodia, and is in the process of concluding more deals with nations spanning Asia, Europe, Africa and South America.

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Poppy Harlow is an American journalist, best known for her reporting at CNN and Forbes.com. She was an anchor at CNN morning show. She is based in Tampa, Florida.

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Rise 1 Semiconductor Stock To 16% on ‘Soft Landing’ Upside

  • May 13, 2024
Valued at $66.1 billion by market cap, shares of NXP Semiconductors have surged 53.6% over the past 52 weeks, outperforming the S&P 500 Index’s ($SPX) 25.4% returns, and roughly on pace with the iShares Semiconductor ETF’s (SOXX) performance. The stock offers an annualized dividend of $4.06, which translates to a 1.56% dividend yield. Arya reiterated his “Buy” rating and target price of $300 for NXPI stock, which indicates that the shares could rally as much as 16% from current price levels.
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  • 2 minute read

In Last Annual Berkshire Hathaway Meeting Buffett Said Portfolio Made $16 Billion

  • August 4, 2024
The Oracle of Omaha prepared to kicked off this year’s Berkshire shareholder convention last Saturday. The vast majority of the stocks Warren Buffett owns have made money over the past year, helping his portfolio gain some $16 billion dollars in value. The Economist crunched the numbers through the market close Friday, the day before the meeting, adjusting for stocks Buffett has bought and sold in the meantime. The analysis found that of the 43 companies Berkshire Hathaway BRK.A currently owns, all but seven have risen—and the winners are up much more than the losers are down.
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  • 2 minute read

Canada Raises 107% Tax On Toilet Paper On U.S. After Trump’s Trade War, Could Leave U.S. Without It

  • March 28, 2025
According to CNBC India America faces shortage of Canadian pulp and Canada said it will import at higher price with a total 107% in tax. Prime Minister Mark Carney said, Americans will have to pay a 107% more on paper towels produced in the United States making the price higher for Americans if the U.S. President doesn’t agree.
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  • 1 minute read

Biden Is Preparing To Impose Tariffs On Foreign Electric Cars And Solar Equipment

  • June 23, 2024
The president’s administration is preparing Joe Biden to unveil a comprehensive decision on Chinese tariffs as soon as next week, a decision that is expected to target key strategic sectors with new tariffs. The administration is scheduled to impose new, targeted tariffs on some key sectors, including: electric cars batteries and solar equipment.
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  • 4 minute read

The ‘$16 Trillion Market’ Outlook For Tokenized Assets Projected In 2030

  • March 28, 2025
The Boston Consulting Group (BCG) said about blockchain technology: “Blockchain, in simple terms, is an immutable digital ledger that records transactions in a transparent and permanent manner. This technology is changing the face of the financial industry due to its high security, elimination of intermediaries, and transparency. But how exactly does blockchain work?
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  • 5 minute read

Seeking Up To ~16% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy

  • May 13, 2024
Are the headwinds piling up? The Middle East war has appeared on the verge of expanding into a larger conflict, and an uptick in US inflation has put a ‘hold’ on expectations for a Fed rate cut this summer. This could be part of the normal cycling of the economy – except that there are some $52 billion worth of outstanding long positions on the S&P 500, and according to Citigroup’s Chris Montagu, 88% of those positions are currently in a loss.
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  • 4 minute read

Prospects For Oil Demand In China As The OPEC+ Meetings Approaches

  • May 31, 2024
OPEC+ alliance is preparing to review oil market conditions and Chinese refineries cut processing rates as the strength of the leading manufacturing sector weakens and the housing market collapses, reducing demand for plastics and fuels used in construction. The giant Asian country is reducing its purchases of crude oil and imports from Russia. The company expects Chinese refinery production to increase by less than 100,000 barrels.
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  • 6 minute read

CNI Shenzhen Component Methodology Index Floats At 1608.0600 Points

  • July 3, 2024
Shenzhen Component Index is designed to reflect overall performance of Shenzhen stock market, providing a performance benchmark and investment instrument for China’s emerging growth enterprises. The Shenzhen composite is the most important market centralized in Chinese market since it’s the reflection of all technology companies sectors in China. For example, ByteDance, Tencent, Neat Ease, Cars, Chips, Cellphones, Computer, and Mass Production of World’s Technology Industries. The composite is above any in the world since NYSE nor NASDAQ are centralized as Shenzhen being the No. 1 in the world. The index is stabilizing at 1608 to 1610 points reducing .78% and maintaining a volume of 343,111.
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  • 2 minute read

Coalition Government Has Reached An Agreement On The 2025 Budget

  • July 11, 2024
The German coalition government has reached an agreement on the 2025 budget, with a debt curb and measures for economic growtH according to DW. The 2025 budget is expected to be signed on 17 July in the Council of Ministers, after which the Bundestag will evaluate all these individual plans until the end of November or beginning of December in order to carefully examine where changes might be necessary, he recalled.
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  • 1 minute read

The 6 U.S. Major Companies Occupy S&P 500 On 30% On The Stock Index

  • May 30, 2024
The six largest US companies now account for a larger share of the S&P 500 than ever before. The share of the six largest American technology companies in the index reaches its highest levels ever. Microsoft, Apple, Nvidia, Alphabet, Amazon, and MetaPlatforms represent 30% of the index, up from about 26% at the beginning of the year, according to data compiled by Bloomberg.
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  • 4 minute read

Hawkish Fed Chair Powell Faces A Precarious Balancing Act Amid Criticism From Republicans And Democrats

  • August 2, 2024
Republicans and Democrats felt Powell was waiting unnecessarily and for the wrong reasons. “Refusing to follow the economic data and succumbing to political threats would be a subversion of your mandate,” the three Democratic senators told Powell. “We urge you to make monetary policy in the interests of the American public, not a particular political party.” “It’s justified if it’s justified, but if it isn’t” the fact is, you are not there. They haven’t achieved price stability yet.” said Rep. Andy Barr (R-Ky.) Powell reminded everyone the central bank hadn’t made up its mind one way or the other. “I don’t know them, we aren’t there and we don’t know their data,”
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  • 2 minute read

Biden’s Administration Restrict U.S. Investments In China With Chips, AI And Of Foreign Companies

  • June 23, 2024
U.S. Department of Treasury yesterday, many companies were interested in investing on U.S. Bonds. But the Biden administration forces the Chinese and other governments not to do so. Making the U.S. economy withdraw without progress with rules as proposed restricting foreign investments in technologies critical to “the next generation of military, intelligence, surveillance, or cyber ​​security which represent security to national spending for the United States”. The Biden administration seem to reject the Chinese government and counterparts investment of $143.3 billion in the treasury creating a U.S. fallback in U.S. economy.
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  • 3 minute read

US Stock Indices Decline After Weak Economic Data; S&P 500 Fell About 5,235 Points

  • May 30, 2024
In 24 hours, the Federal Reserve Bank report showed that the US economy grew at a weaker pace in light of declining spending and inflation. The S&P 500 index fell to about 5,235 points declining economic momentum that couldn’t strengthen the Fed’s case to start cutting interest rates this year and with consumption, and ultimately becoming a concern for US companies it decreased US stock indices Bonds after the latest round of data indicating a slowdown in economic momentum while Jerome Powell sawing himself surrounded by traders and lacking the ability and unproficiency to manage the problem.
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  • 2 minute read

Türkiye Is On Its Way Out Of The FATF Gray List

  • May 31, 2024
Financial Supervision Authority’s “grey list” is representing a potential boost for one of the global largest economies, after its moves to limit financial flows Illicit funds. About a year after, Turkey adopted more conventional economic measures and some of the world’s boldest interest rate increases, investors are starting to return to the country. A field visit by the Paris-based Financial Action Task Force earlier this month indicated significant progress.
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  • 2 minute read

Asian Stock Markets Decline After The Yen Stabilizes Late

  • June 27, 2024
The yen rose marginally on Thursday after falling 0.7% in the previous session when it fell to 160.87 against the dollar, the weakest level since 1986, and beyond the level at which officials intervened in April. The currency has lost more than 12% against the dollar this year. US stock futures fell after being damaged technology companies on major estimates of the company “micron” (Micron Technology Inc), which failed to meet industry expectations that fueled a bull market.
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  • 3 minute read

GCC Retail Boom: 6 Steps Gulf Cities Need To Take To Cash In On $300 Billion Shopping Bonanza

  • August 14, 2024
GCC cities including Dubai, Riyadh, Jeddah and Doha could become global shopping destinations in the coming years, according to Strategy & Middle East. Shopping spending in the GCC could hit $300bn by 2030, according to research by Strategy& Middle East. The PwC network partner said GCC cities can join the world’s elite shopping destinations, significantly contributing to urban GDP and employment, improving residents’ quality of life, and enhancing offerings to tourists.
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  • 2 minute read

World Bank Bets On The Non-Oil Sector In The Gulf Is Paying Off

  • July 7, 2024
According to CNBC World the World Bank indicated in a report on the latest economic developments in the Gulf region that the region’s economies will grow by 1% in 2023, indicating that the growth of non-oil sector activities by 3.9% during the year will compensate for the decline in oil sector activities. The non-oil sector in the Gulf countries will achieve high growth rates during the current year, which will enable the majority of these countries to maintain the growth process, after reducing oil production as part of the OPEC+ countries’ efforts to maintain market stability.
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  • 2 minute read

L.A. Times: Producer Prices In America Rise In A Sign Of Continued High Inflation

  • July 7, 2024
Increased fuel and food costs prices raised at highest in six months. The producer price index for final demand rose by the largest annual increase since last September. Prices paid to US producers rose in February at their highest pace in six months, driven by higher fuel and food costs, adding to evidence that inflation remains high. The producer price index for final demand rose 0.6% from January, Labor Department data showed Thursday. The index rose by 1.6% compared to the previous year, which is the largest annual increase since September.
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  • 1 minute read

B.C. First Nation Gets Nearly $16M Funding For Off-Grid Solar Farm

  • April 21, 2024
Nearly $16 million in federal and provincial funding is going toward the solar farm in Anahim Lake, home to the Ulkatcho First Nation, where power is currently diesel-generated. Infrastructure Canada says in a news release that the project will reduce the need for diesel generation in the remote community by about 64 per cent, equal to 1.1 million litres less of diesel a year.
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  • 1 minute read

The IMF Criticizes Biden’s Administration Tariffs On Chinese Goods

  • June 23, 2024
The International Monetary Fund criticized the decision of the US President’s administration Joe Biden this week after he strongly raised tariffs on some Chinese goods and other foreign countries, renewing his warning that tensions between the world’s two largest economies threaten to harm global trade and growth. International Monetary Fund spokeswoman Julie Kozak said Thursday in Washington when asked about this step: “We see United States” benefiting best by maintaining the open trade policies that having restrictions vital to its economic performance.”
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  • 3 minute read

Russia’s Tycoons Each Make US$11 Billion Thanks To A Booming War Economy

  • July 9, 2024
Business tycoons have found many opportunities in the war with Ukraine. In Russia they growth their fortunes in profits, amid receding economic uncertainties resulting from war on Ukraine. At least ten businessmen each earned more than US11.3 billion dollars during 2023 and in the first quarter of 2024, according to data by CNBC World from public information. Russian tycoons found where to invest their dividends after sanctions forced many to turn to the domestic market. China’s has become the place of benefit and growth circumventing ‘foreign’ sanctions helping them to triplicate their investments in Chinese companies creating a safe heaven for the tycoons. For example, private investors invested US116.3 billion on the Moscow Stock Exchange during May, a monthly record so far in 2024.
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  • 2 minute read

Wall Street Now Completely Under Selling Pressure After Warren Buffett Sell & Microsoft Failure On Security

  • July 20, 2024
The NYSE is struggling and selling under pressure with its weekly lows of around 18350 on new tradings. The NYSE is being sustained by the Chinese markets after downfall. With regard to inflation in the Euronext, the producer prices from Euronext at 8 a.m. will be exciting. This will be followed by the ECB current account balance at 10 a.m. Since there is no data pending from the USA more than their markets are struggling with the Warren Buffett sell and Microsoft downfall the COT report this evening is likely to be the last stage of reporting for this week.
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  • 2 minute read

The U.S. Economy Grows At A Slower Pace In The First Quarter As Inflation Declines

  • May 30, 2024
The American economy grew at a slower pace in the first quarter than initially reported, reflecting weaker-than-expected consumer spending. GDP rose 1.3% year-on-year in the first three months of the year, lower than the previous estimate of 1.6%. Consumer spending was reduced because expenditures on goods – especially cars – were much lower. Federal government spending slowed, while imports rose compared to the initial estimate. For the first time in two years, net exports negatively affected growth.
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  • 2 minute read

In Q1 2024, The Swiss Gov’t Was CHF 16 Billion, Up From CHF 11 Billion, On CHF 5 Billion Surplus From Relatively Low 2023.

  • August 26, 2024
The contribution from the rise in the current account in trade services incomes and secondary surplus registered substantial differences in 2023 and 2024. In the first quarter of 2024, the Swiss government surplus reported through UBS UK CEO and President of EMEA Region Mr. Jorge Jimenez Neubauer Torres that surplus raised CHF5 Billion from CHF11 Billion to CHF16 Billion moving from a relatively low 2023. The region transactions audited in Q1 2024, incurrence of financial assets in CHF36 Billion and net incurrence liabilities were CHF27 Billion.
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  • 3 minute read

L.A. Times: International Monetary Fund (IMF) Loans Rise To A Record Level Of Over $151 Billion

  • July 7, 2024
The spread of debt and wars doubles the demand for borrowing. Egypt, Ukraine, and Argentina are among the largest borrowers. Egypt as a consequence of Gaza intake, Ukraine because of the war, and Argentina who is the largest borrower as a consequence of their bankruptcy and insolvency. CNBC World estimated confirmed $151 billion for those three borrowers. More than 50 of these borrower countries benefit from active loan or guarantee programmes, representing approximately a quarter of the Fund’s members.
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  • 4 minute read

U.S. Bond Yields Rose After Inflation Numbers Reduced Interest Rate Bets

  • July 7, 2024
According to CNBC World the world’s largest bond market came under selling pressure after another inflation report rose above expectations, boosting bets that the Federal Reserve will not rush to cut interest rates even as some parts of the economy show signs of slowing. Treasury yields rose after data highlighted the challenges the Federal Reserve faces in achieving the “last mile” toward its inflation target. After days of consumer price data, the Producer Price Index also indicated rising cost pressures.
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  • 4 minute read

Trump Economic Plans Include Proposed Tax Cuts And No Taxes On Tips

  • July 21, 2024
Trump says he wants tariffs on trade partners and no taxes on tips. He would like to knock the corporate tax rate down a tick. The Republican platform also promises to “defeat” inflation and “quickly bring down all prices,” in addition to pumping out more oil, natural gas and coal. The platform would address illegal immigration in part with the “largest deportation program in American history.” And Trump would also scrap President Joe Biden’s policies to develop the market for electric vehicles and renewable energy.
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  • 1 minute read

Swiss Government Plans To Invest CHF16 Billion [$18.1 Billion] In Swiss Rail Network

  • August 25, 2024
The federal government intends to invest CHF16.4 billion ($18.1 billion) in railway infrastructure between 2025 and 2028, CHF2 billion more than for the current period. The larger financial envelope will go towards compensating for rising prices but also to provide more resources to the railways, the government said a press statement. The additional resources will be used in particular to implement projects to promote accessibility for people with disabilities.
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  • 4 minute read

Trump Wants Powell Out Of The Fed: “His Replacement Can’t Come Fast Enough” After PM Meloni Visit

  • April 18, 2025
The clash to fire him out and start to find another replacement came after a pay for play scheme by Powell throughout the Economist to divert and control the section of George V Magazine which made it unstable. The owner of the magazine Jorge Jimenez Neubauer Torres previously reported the issue to Meloni by e-mail which triggered her landing trip in Washington D.C. two days ago with Trump commenting: “If I want Powell out, he will be out.”
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  • 3 minute read

The Fed Has A New Favorite Code Noun Word: ‘Uncertainty’

  • March 27, 2025
It started last week with Fed Chair Jerome Powell, who used the word 22 times during March 19 remarks to reporters following the central bank’s decision to leave rates unchanged. “Uncertainty is remarkably high,” Powell said of the US economic outlook. His colleagues have since spoken from the same script. New York Fed president John Williams last Friday used the word 12 times while delivering a speech titled “Certain Uncertainty.”
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  • 2 minute read

The UAE Signs A Comprehensive Economic Partnership Agreement With South Korea

  • May 31, 2024
South Korea and the UAE, had a comprehensive economic partnership agreement to liberalize trade between the two countries, according to Thani bin Ahmed Al-Zeyoudi, UAE Minister of State for Foreign Trade. The Emirati minister expected that Korea would finish ratifying the agreement between 6 and 9 months, and begin implementing it at the beginning of next year.
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  • 3 minute read

How Could The European Central Bank React To Trump’s Trade Tariffs?

  • March 31, 2025
Donald Trump’s tariffs may hit EU growth and push up inflation, posing a dilemma for the ECB. While trade slows and prices rise, some economists argue rate cuts remain appropriate, so long as inflation expectations stay anchored. This presents a textbook case of a policy conflict: tariffs act as both a supply shock, by making imports more expensive, and a demand shock, by undermining confidence and disposable income.
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  • 3 minute read

Trump’s Tariff Cost $34 Billion To US Companies And Counting While DC And NYC Still Disorganized

  • June 9, 2025
The $34 billion is a sum of estimates from 32 companies in the S&P 500, three companies from Europe’s STOXX 600 and 21 companies in Japan’s Nikkei 225 indices. Economists say the cost to businesses will likely be multiple times what companies have so far disclosed. Reuters reviewed company statements, regulatory filings, conference and media call transcripts to pull together for the first time a snapshot of the tariff cost so far for global businesses.
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  • 3 minute read

The Kremlin Wants To Seize Property In U.S. And U.K. From Critical Russians Abroad Who Were Subsidized

  • May 12, 2025
The law targets, among other things, the estimated Russian government subsidized half a million Russians in Western Europe, including about 35,000 properties of Russians in the United Kingdom and the 50,000 properties in the United States. Many of them fled their country out of fear of arrest, conscription or persecution but were financed by the Russian state with loans from Russian banks. But even far from home, they are not safe now.
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  • 5 minute read

Jorge Alegría Named CEO of Mexican Stock Exchange (Interview)

  • September 18, 2025
Mexican Stock Exchange (Bolsa Mexicana de Valores) is at the heart of the Mexican financial system. We participate in equities, derivatives and fixed income markets, not only in listing and trading but also in the post-trade segments of these markets. While we are a small exchange by many metrics, it doesn’t have to be this way. I have a vision for a very different exchange. 
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