China’s stocks have steadied today after dropping more than 5% in the previous two days. Yesterday stocks plummeted to an eight-month low, dashing hopes that the country’s economy was on its way to a strong recovery. More good news for China’s economy came in the form of the consumer inflation report, which remained modest in April with commodity prices also rebounding.
UAE, Egypt continue cooperation on Banque Misr branches
The Central Bank of the United Arab Emirates and the Central Bank of Egypt affirmed their full and continuous cooperation and coordination regarding the normal operation of Banque Misr branches in the United Arab Emirates.
UAE, Lebanon sign agreement to establish joint Business Council
The Federation of the United Arab Emirates Chambers of Commerce and Industry has signed a Memorandum of Understanding to establish the joint UAE–Lebanon Business Council.
UAE Central Bank orders urgent review of Banque Misr branches
The Central Bank of the UAE has issued an examination on Banque Misr branches in the country after US authorities reported a primary money laundering concern.
UAE lab-grown diamond trade hits record 76.9m carats
The United Arab Emirates has recorded its highest-ever lab-grown diamond volumes with 76.9 million carats traded in 2025.
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