UN-ESCWA warns of repercussions of US tariffs on Arab economies

Coast Guard Chief discusses with commanders of French, EU forces joint cooperation

The Head of the Coast Guard authority Maj. General Khalid al-Qamli discussed today, Thursday, with the Commander of the French Forces in Djibouti Maj. General Sébastien Valette joint cooperation and coordination between the two sides in the fields of maritime security, combating smuggling, exchanging expertise and enhancing the operational and technical capabilities of the Coast Guard forces

BTA Presents English edition of Anniversary Book, honours former directors general Panayot Denev, Ivo Indzhev

The Bulgarian News Agency (BTA) presented on Wednesday the English-language edition of 125 Years Bulgarian News Agency. The Real News: Stories On File 1989–2023 at its National Press Club in Sofia.

Chinese Central Bank conducts direct reverse repurchase operation worth 600 billion yuan

The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.

Ghana qualifies for the 2026 World Cup

Ghana qualified for the 2026 World Cup after defeating Comoros 1-0 in the African qualifiers.

Last Update: ، 2025/10/16 Time 11:05:57
Latest News:

FM praises Germany's, EU's significant support for Yemen

Vice Foreign Minister discusses Italian Special Envoy for Yemen strengthening bilateral relations

Governor of Central Bank, Deputy Minister of Finance discuss with IMF strengthening cooperation, technical ..

PM holds meeting with Ambassadors of countries sponsoring political process in Yemen

Ministry of Finance, Central Bank discuss with Arab Monetary Fund implementation of comprehensive reforms

UN-ESCWA warns of repercussions of US tariffs on Arab economies

[20/04/2025 11:28]

BEIURT-SABA
The United Nations Economic and Social Commission for Western Asia (ESCWA) has warned of the repercussions of the new tariffs imposed by the United States of America on the economies of Arab countries.

The ESCWA affirmed that the US newly imposed tariffs threaten non-oil Arab exports to the US market estimated at $ 22 billion.

Arab exports to the United States declined from $91 billion in 2013 (equivalent to 6 percent of the region's total exports) to only $48 billion in 2024 (3.5 percent), as a result of Washington's lower imports of crude oil and petroleum products.

On the other hand, non-oil exports from Arab countries to the United States recorded remarkable growth, rising from $ 14 billion to $ 22 billion during the same period, in an indication of increasing economic diversification that is now threatened by US protectionist measures.