Gcc Insights
UAE's focus on diversifying its economy has already led to its status as the primary commercial hub for multinational corporations
Principal trade lanes are Asia-North America (roughly 20% of international air freight by tonne-kilometres), Asia-Europe (20%), Europe-North America (10%) and intra-Asia (10%).
The coronavirus epidemic has upended China's economy, the world's second-largest.
It has lost 57% of its value since the pre-winter peak of $6.80
Hedge funds were heavy sellers of petroleum last week
Any negative impact to the Chinese economy as a result of the virus could have a magnified effect on U.S. agriculture trade.
