Chief of Staff holds military meeting in Aden
Chief of General Staff and Commander of Joint Operations, Lieutenant General Sagheer Hamoud bin Aziz held Friday here extensive meeting.
Spanish Foreign Minister says situation in Gaza ‘deeply inhumane’
Spain’s foreign minister has strongly condemned Israel’s ramped-up attacks in Gaza over the weekend, calling them “absolutely unacceptable.”
IsDB sings financing agreements worth over$1 billion
The Islamic Development Bank (IsDB) Group, signed several financing agreements with some member countries for a total value exceeding one billion dollars.
Saudi Al-Hilal Extends Contract of Star Player Salem Al-Dawsari
Saudi Al-Hilal Football Club has announced the extension of its star player Salem Al-Dawsari's contract until 2027.
User Name: Password:
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.


IsDB sings financing agreements worth over$1 billion
GDP grows 0.3 percent in Eurozone, EU in 1Q
Jordan's exports to GAFTA grows 12.2 percent in February
Oil rises as market awaits U.S.-China trade talks
Trade between China and Arab countries exceeds $400 billion in 2024
Oil prices fall to $65.61 a barrel
Japan reveals emergency economic package to manage effects of U.S. tariffs
Sterling falls against dollar, euro
UN-ESCWA warns of repercussions of US tariffs on Arab economies
Gold near highest record amid continued escalation of trade tensions

About Saba News Agency | Usage Agreement | Contact Us