Business from Wednesday, April 16th, 2025
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IATA: Aviation sector contributes $92 billion to UAE economy
A new study from the International Air Transport Association (IATA) has revealed that aviation and related tourism contributed $92 billion (AED 337.9 billion) to the UAE’s economy in 2023, making up 18.2 per cent of the country’s GDP.
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Nvidia faces $5.5 billion charge as US restricts chip sales to China
Nvidia said it would take $5.5 billion (AED 20 billion) in charges after the US government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.
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Chinese exporters on Rednote ask local consumers to buy goods meant for US
Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid US tariffs.
News
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UAE, Chad Presidents discuss closer cooperationThe UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Chadian President Marshal Mahamat Idriss Déby Itno, who is on an official visit to the country.
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Abu Dhabi opens dedicated beach for visually impairedA dedicated beach area for the visually impaired has opened along Abu Dhabi’s Corniche, near Gate 3.
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UAE reaffirms support for Palestinian cause at Istanbul summitThe speaker of the UAE's Federal National Council has reaffirmed the UAE’s unwavering support for the Palestinian cause.
