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Japanese stocks are poised for their largest weekly decline since 2020 amid tariff concerns, as Gulf Cooperation Council nations face a 10% US tariff under Trump's new trade policy. While oil exports remain exempt, sectors like aluminum and petrochemicals may suffer from rising costs and supply chain disruptions. Regional equity markets reacted negatively, with significant declines in the UAE, while Qatar's indices showed resilience, reflecting its diversified economic positioning.
Gulf Cooperation Council (GCC) nations face a 10% US tariff under new trade policies, impacting sectors like aluminum and petrochemicals, while oil exports remain exempt. Regional equity markets reacted negatively, with declines in most GCC indices, except Qatar, which saw gains. Analysts warn of rising costs and supply chain disruptions, urging GCC businesses to diversify trade relationships and strengthen compliance to mitigate risks.
Elon Musk has accused the U.S. Institute of Peace (USIP) of deleting a terabyte of financial data to conceal alleged crimes, claiming that funds were misallocated to individuals linked to the Taliban and the Iraqi League for Youth. Following an investigation by the Department of Government Efficiency (DOGE), nearly all of USIP's 300 employees were dismissed, raising concerns about Musk's influence over federal agencies. Despite his serious allegations, Musk has yet to initiate any legal action against these organizations.
Barclays has lowered its price target for Dow Inc. to $38 from $44 while maintaining an equal-weight rating. Dow specializes in manufacturing and marketing a range of products, with net sales primarily from basic plastics (50.7%), elaborate plastics (27.6%), and performance chemicals (20%). Geographically, sales are distributed across the U.S. and Canada (38.2%), Europe/Middle East/Africa/India (32.5%), Asia/Pacific (17.9%), and Latin America (11.4%).
A directed energy laser system has been approved for export to Ukraine to aid in demining efforts, as over 40% of the country is mine-affected. The company plans to leverage its experience in military and infrastructure projects, including missile defense and environmental remediation, while also focusing on border security and urban development in the Middle East. With a strong portfolio in cybersecurity and critical infrastructure protection, the firm aims to align with new defense priorities and capitalize on emerging markets.
The Arab region's GDP rose by 1.8% to $3.6 trillion in 2024, driven mainly by growth in Saudi Arabia, the UAE, Egypt, Iraq, and Algeria, which account for over 72% of the total GDP. Looking ahead, a positive outlook for 2025 anticipates a growth rate of 2.9%, bolstered by increased oil production and major investments, particularly in Saudi Arabia under the Vision 2030 program.
The Arab region's GDP rose by 1.8% to $3.6 trillion in 2024, driven mainly by growth in Saudi Arabia, the UAE, Egypt, Iraq, and Algeria, which account for over 72% of the total GDP. Looking ahead, a positive outlook for 2025 anticipates a growth rate of 2.9%, bolstered by increased oil production and major investments, particularly in Saudi Arabia under the Vision 2030 program.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq by Sesame Workshop, highlight a significant retreat from America's soft power initiatives. Experts warn that this withdrawal could create a vacuum for China's influence in the region, despite its current aid being far less than the US's. The shift raises concerns about the future of US values in promoting human rights and development globally.
On the 14th anniversary of the Syrian civil war, significant cuts to US foreign aid, including the termination of a $20 million education project in Iraq by Sesame Workshop, highlight the erosion of American soft power. Experts warn that these reductions may create a vacuum that China could exploit, despite its current aid being far less than the US's. The shift in US policy raises concerns about the future of humanitarian support and the values the US represents in the region.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq linked to "Sesame Street," highlight a significant decline in America's soft power. Experts warn that this retreat may create a vacuum that China could exploit, although its ability to match US influence is limited by its political structure. The reductions have raised concerns among NGOs and allies about the US's commitment to values like human rights and development in the region.
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GCC faces economic challenges amid new US tariffs and trade tensions
05:30 04.04.2025
us tariffs impact gcc economies while oil exports remain exempt
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Elon Musk accuses US Institute of Peace of deleting financial data
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barclays lowers dow inc price target to thirty eight dollars
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parsons leads in infrastructure development and cybersecurity solutions globally
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Arab region GDP grows 1.8 percent to 3.6 trillion in 2024
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Arab region GDP grows 1.8 percent to 3.6 trillion in 2024
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us foreign aid cuts threaten soft power and education projects in iraq
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us foreign aid cuts threaten soft power and influence in the middle east
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19:04 13.03.2025
us foreign aid cuts threaten soft power and global influence
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18:48 13.03.2025
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