UAE Requires Social Media Licenses "Advertiser Permit"
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The National
an hour ago
- The National
US tariffs on dozens of countries to take effect in seven days, executive order says
US President Donald Trump signed an executive order on Thursday imposing ' reciprocal tariffs ' ranging from 10 per cent to 41 per cent on dozens countries. The levies will take effect in seven days, the order said. For Middle East countries, Syria received one the heaviest tariffs at 41 per cent, as did Iraq at 35 per cent and Libya at 30 per cent. Jordan and Israel were both hit with 15 per cent. Trading partners not listed in Friday's executive order will be subject to a duty of 10 per cent. The White House said that Canada's tariffs would be raised to 35 per cent due to its 'continued inaction and retaliation'. But the US will keep in place an exemption for goods traded under the rules of the US-Mexico-Canada trade agreement. The executive order highlighted that certain foreign trading partners have agreed to, or were on the verge of concluding, 'meaningful trade and security agreements with the United States'. 'Goods of those trading partners will remain subject to the additional ad valorem duties provided … to this order until such time as those agreements are concluded,' it said. Mr Trump announced the so-called retaliatory tariffs, which Washington says are aimed at addressing trade imbalances, in April. He then enacted a series of pauses to allow for trade negotiations. In recent weeks, the President has sent out dozens of letters to countries around the world inviting them to negotiate trade deals or be subject to tariffs. The US has recently struck deals with the EU, the UK, Japan and South Korea. 'President Trump is using tariffs as a necessary and powerful tool to put America First after many years of unsustainable trade deficits that threaten our economy and national security,' the White House said in a fact sheet.
The National
2 hours ago
- The National
Trump tariffs: Gulf countries among others in limbo as deadline approaches
Gulf Co-operation Council members were among dozens of countries waiting to find out whether the new tariff rate President Donald Trump was expected to enact on Friday would indeed go into effect. 'The trade team has been working around the clock to try to be in correspondence with as many countries as possible, but if they haven't heard from us yet, they will in the form of a letter or an executive order by midnight tonight,' White House Press Secretary Karoline Leavitt said on Thursday. Mr Trump had previously maintained that his 'reciprocal tariffs' – originally announced on April 2 – would be enacted on Friday after he previously delayed them. The UAE and Saudi Arabia were both hit with a 10 per cent tariff in April, which represented lower tier of the levies set by the President. Earlier this month, Mr Trump suggested he could send a letter to more than a 150 countries informing them of the tariff that they would be charged. 'They're not big countries, and they don't do that much business. Not like the ones we've agreed with, like China, like Japan,' he told reporters during a recent meeting with Bahrain's Crown Prince Salman bin Hamad Al Khalifa at the White House. But he also said he was considering a baseline tariff rate of 15 to 20 per cent. Mr Trump's negotiations have primarily focused on the largest US trading partners. Total trade with the European Union, for example, was an estimated $975.9 billion last year, according to the Office of the US Trade Representative. US total trade goods with the UAE in 2024 was estimated at $34.4 billion. How will the Gulf Co-operation Council be affected? Economists have said the reciprocal tariffs will have a limited direct impact on Gulf economies because their trade with the US is relatively small. They have instead pointed to the indirect impact that tariffs will have on the region through global growth and its impact on oil demand. Tariffs are expected to have some inflationary effects while also dampening growth. Such prospects led the International Monetary Fund to project the global economy to slow from 3.3 per cent growth in 2024 to 3.0 per cent this year. The latest figure is an upwards revision from its April forecast owing to some easing in trade tension and tariff front-loading, the fund said. 'Despite these welcome developments, tariffs remain historically high, and global policy remains highly uncertain,' chief economist Pierre-Olivier Gourinchas told reporters. Who has Trump announced deals with? Among the major US partners Mr Trump has signed trade agreements with are Vietnam, South Korea and Japan. He also announced a trade deal on Sunday with the EU, in which the US would charge a 15 per cent tariff on European imports. Mr Trump placed the same levy on Japanese and South Korean goods. The UK, Pakistan and Indonesia have also reached trade deals. However, Mr Trump has yet to come to an agreement with three of the four largest US trading partners: China, Mexico and Canada. Mr Trump on Thursday said he and Mexican President Claudia Sheinbaum had agreed to extend a period in which Mexico would pay tariffs on fentanyl, cars, steel, aluminium and copper for 90 days as the two sides continue discussions on a trade agreement. Separately, he said Canada's plan to recognise the state of Palestine at an upcoming UN meeting would not be a deal-breaker in talks between Washington and Ottawa. He had previously said Canada's plan to recognise the state of Palestine would jeopardise discussions. Meanwhile, China is on a separate deadline of August 12 after Beijing and Washington previously agreed to reduce their escalatory tit-for-tat tariffs. China Vice Premier He Lifeng said the two sides had agreed to work on extending that deadline by 90 days after two days of talks in Stockholm this week, Reuters reported, citing a statement from China's Ministry of Commerce. Which countries have received trade letters? For those who have not struck a trade deal with the US, Mr Trump has sent their leaders letters outlining their tariff rate. Iraq and Tunisia were among roughly two dozen countries to have received a letter from Mr Trump. The letters, which were nearly identical except for the new tariff rate, had warned each country not to announce retaliatory measures. South Korea, which had also received a letter, later agreed to a deal that would lower the new US tariff rate to 15 per cent from 25 per cent. Mr Trump separately threatened to slap a 25 per cent tariff on Indian goods, accusing the government of enabling the war in Ukraine through its purchases from Russia.
Al Etihad
5 hours ago
- Al Etihad
UAE's Advertiser Permit to boost content creators' credibility, drive sector growth
1 Aug 2025 00:10 MAYS IBRAHIM (ABU DHABI)Content creators in the UAE have started applying for the Advertiser Permit launched on Wednesday, embracing it as a crucial step towards legal clarity and professional recognition in the fast-growing content by the UAE Media Council, the permit will take effect in three months and applies to anyone engaged in paid or unpaid promotional work online, including apply to those promoting their own products, services, or company, and to under-18s engaged in educational, athletic, cultural, or awareness permit is free for the first three years, and holders must display their permit number on all social media accounts and platforms. Speaking with Aletihad , Ahmad Al Jamal, a UAE-based entrepreneur, content creator, and economic expert, noted that this regulatory move would ultimately support sustainable growth in the content economy. 'The content economy is globally promising, and the government's proactive approach in regulating this industry will ensure its sustainability and position the UAE as an attractive destination for content creators and entrepreneurs,' he Jamal noted that licensing boosts the credibility of content creators, earning them audience trust and professional recognition, which leads to more collaboration opportunities and increased income. The Advertiser Permit establishes clear standards and expectations for digital advertising in the UAE, according to Al Jamal.'When applying for the permit, creators are encouraged to familiarise themselves with the country's media rules and best practices, with guiding videos they must watch to move to the next step in the application,' he explained. This licensing process benefits regulators, creators, and viewers by creating a healthier, more sustainable industry, added Al entrepreneur and content creator Yousuf Saleh Abdulla also believes that the permit will open new doors for entrepreneurship in content creation. 'With a clear and official framework now in place, content creators in the UAE can work with more confidence and earn greater trust from public and private entities,' Abdulla told Aletihad . Abdulla believes that this regulatory move reflects a government vision to transform digital creation into a real thriving economy, underpinned by professionalism and transparency.'From my own experience, the industry has become more organised and business-focused. Regulation and licensing elevate content creation from a hobby to a serious profession, creating new growth opportunities.' Abdulla noted that licensing shows that the UAE recognises content creators as key players in shaping its media landscape, not just as entertainers, but as contributors to the country's digital image and public dialogue.
