logo
Dubai and Abu Dhabi Markets Close in on Record Highs Despite Trade Jitters

Dubai and Abu Dhabi Markets Close in on Record Highs Despite Trade Jitters

Al Bawaba16-07-2025
Global markets have shown impressive resilience in 2025 despite escalating trade tensions and shifting tariff deadlines. The latest move by U.S. President Donald Trump to postpone the implementation of reciprocal tariffs to August 1 has extended the window for potential negotiations, helping calm short-term investor concerns.Despite continued geopolitical uncertainty, the S&P 500 has surged over 25% since its April low, recently hitting a new all-time high for 2025. This rally, now considered one of the strongest in recent memory, is being partly attributed to a market phenomenon informally dubbed "TACO" – Trump Always Chickens Out – which reflects investor belief that the White House may ultimately soften its trade stance.'All-time highs tend to make investors nervous, but history shows they are often followed by continued strength,' said an analyst at eToro. 'A recent study from BNY revealed that since 1950, the S&P 500 has delivered solid 1, 3, and 5-year returns from a new all-time high. Investors who remain on the sidelines may miss out on significant long-term gains.'Still, caution is warranted. The upcoming tariff deadline could reignite market volatility, particularly if negotiations break down or new tariffs exacerbate inflationary pressures in the U.S.UAE Markets Outperform on Strong FundamentalsCloser to home, UAE markets have continued their strong performance, largely unshaken by global trade headwinds. The Dubai Financial Market (DFM) recently hit a 17-year high following three consecutive weeks of gains, with Union Properties and Emirates NBD among the top performers. Meanwhile, the Abu Dhabi Securities Exchange (ADX) is nearing its own record highs.Supportive factors such as robust local economic fundamentals and higher oil prices have contributed to the region's strength. As global investors seek stability, the UAE is increasingly seen as a relative safe haven.'The local market's momentum reflects confidence in the UAE's economic outlook,' the eToro analyst added. 'However, investors should remain vigilant. Any escalation in U.S. trade actions could have ripple effects, even in markets that have so far been insulated.'
With the August 1 tariff deadline approaching, markets are expected to respond quickly to any major headlines related to trade negotiations. While the outlook remains broadly positive, global developments could still test the UAE's market resilience in the weeks ahead.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OPPO Unveils Reno14 Series with Google Gemini Partnership in the UAE
OPPO Unveils Reno14 Series with Google Gemini Partnership in the UAE

Al Bawaba

timean hour ago

  • Al Bawaba

OPPO Unveils Reno14 Series with Google Gemini Partnership in the UAE

OPPO will unveil its latest Reno14 Series in the UAE on July 31, featuring advanced AI-powered imaging and a stunning Iridescent Mermaid Design. In partnership with Google Gemini, the new lineup introduces next-generation AI capabilities to improve mobile photography and form, function, and next-level mobile creativity, the Reno14 Series introduces three new models — the Reno14 F 5G, Reno14 5G, and Reno14 Pro 5G — each designed to elevate everyday moments with OPPO's most intelligent imaging yet. The Reno14 F 5G features a 6.57-inch AMOLED display and a dual-flash camera system for close-range brilliance. The Reno14 5G includes a flagship-level 50MP 3.5x telephoto lens, offering crisp portrait and zoom shots, alongside a 6.59-inch flat display. At the top of the range, the Reno14 Pro 5G brings professional-grade photography with a triple 50MP camera setup, a 1.5K 120Hz OLED screen, and a powerful MediaTek Dimensity 8450 platform, built for users who demand more from their devices.'Our newest Reno14 Series is built to help users celebrate every moment — from spontaneous night shots to joyful gatherings — with smart imaging powered by AI Flash Photography and AI Livephoto 2.0,' said Lay Ren, President of OPPO MENA. 'Paired with a striking new design inspired by self-expression, this is more than a smartphone — it's a reflection of the vibrant lifestyle we see across the UAE.'At the heart of the Reno14 Series is AI Flash Photography, a next-gen lighting solution that transforms low-light and zoom photography. Across the lineup, OPPO introduces an industry-first dedicated focus flash, ultra-bright dual and triple flash configurations, and upgraded Flash Mode. Whether you're shooting indoors or outdoors, day or night, users can expect photos with rich detail, natural skin tones, and a striking sense of this is AI Livephoto 2.0, a hardware-level upgrade that merges short and long exposures in real time, freezing life's most dynamic scenes with clarity and fluidity. From bustling city streets to surprise birthday hugs, AI Livephoto 2.0 ensures you never miss the magic in content creators and daily storytellers, 4K HDR video and a full range of AI editing tools—including AI Perfect Shot and AI Recompose—make professional-grade photography easier than ever. Whether you're capturing a lively Eid celebration or a sunset over the desert, the Reno14 Series makes it simple to get it right, the Reno14 Series features the Iridescent Mermaid Design, OPPO's most vibrant look yet. Inspired by flowing light and shimmering textures, this unique finish is brought to life through a 12-layer Iridescent Glow Process, creating a fluid, eye-catching aesthetic for today's fashion-forward and social-savvy users in the series also features innovative productivity tools powered by the latest ColorOS 15, including AI Mind Space, which helps users stay organized, overcome language barriers, and easily record or summarize key information. Building on this seamless AI experience, OPPO has further strengthened its partnership with Google to bring Gemini to the Reno14 Series.'Our mission at OPPO is to use AI to meaningfully empower our users, which we achieve through strategic partnerships like our collaboration with Google," stated Kai Tang, President of OPPO's Software Engineering, "With the Reno14 Series, we are collaborating closely with Google to systematically integrate Google Gemini into OPPO core apps. This integration will enable users to effortlessly perform complex actions across multiple apps using simple natural language queries, significantly enhancing AI convenience."With Reno14 Series, Gemini will connect to OPPO apps and services, including OPPO Notes, Calendar, and Clock, letting you pull information and complete tasks directly in your chat. With a single prompt, users will be able to ask Gemini to work across their apps, simply by pressing and holding the side button to activate soon Gemini will support multi-app journeys to help users complete complex tasks and save time. For instance, users will be able to ask Gemini to summarize key points from a lengthy document and save the summary directly into OPPO Notes for easy access. Leveraging Gemini's powerful multimodal capabilities, users will be able to capture essential steps from recipe tutorials on YouTube, instructing Gemini to save them efficiently within OPPO schedules and daily routines will also become more intuitive. After booking travel arrangements, users will be able to ask Gemini to "add this to my OPPO Calendar," and it will automatically create an event in OPPO Calendar. Stay tuned as OPPO prepares to be your perfect companion for all your celebration moments. Pre-orders start on July 31st, coinciding with the launch event in Dubai, United Arab Emirates.

Uber launches Senior Accounts and Simple Mode across the MENA region
Uber launches Senior Accounts and Simple Mode across the MENA region

Al Bawaba

timean hour ago

  • Al Bawaba

Uber launches Senior Accounts and Simple Mode across the MENA region

Uber today announced the launch of Senior Accounts across the MENA region, a new feature designed to make the Uber app easier and more accessible for older adults. Whether it's heading to a doctor's appointment, visiting family, or doing grocery shopping, the new product is aimed at helping older people move around with greater ease, while offering peace of mind to their loved Accounts and Simple Mode are now rolling out across the MENA region – in the UAE, Saudi Arabia, Egypt, Qatar, Bahrain, Jordan and Lebanon. Importantly, the older adult and family organiser do not need to live in the same through Uber's Family Profiles, Senior Accounts present a streamlined version of the Uber app, featuring larger text, simplified screens, and the option for a trusted family member to offer remote support. For older adults who prefer to ride independently, Simple Mode can be switched on via the app's accessibility the introduction of Senior Accounts and Simple Mode, Uber is enhancing mobility to be more accessible and inclusive for older adults. These features reflect the company's ongoing efforts to make the Uber app a platform that works for the entire family, from teens to seniors. Building on the success of Teen Accounts, Uber is bridging another important gap in the mobility space. In the MENA region, where strong family ties and intergenerational support are a way of life, this offering will help older adults stay independent and connected, with the reassurance that loved ones are always just a tap Accounts offer a simpler way to ride, with larger text, fewer steps, and easy-to-tap buttons. Riders in the MENA region can save favourite places, use flexible payment options, and let loved ones track trips in real time. Family members can also book or manage rides remotely, making travel more accessible for older it works:● A family member sets up a Family Profile in the Uber app and invites an older adult to join as a senior.● The older adult receives a text message with a link to download the app and create their account.● Once set up, they can request trips independently or allow a family member to assist when for older adults not added to a Family Profile, Simple Mode can be enabled via the app's Accessibility settings, offering a simplified experience with full account access to public transportation for seniors being difficult sometimes in the region due to distance, frequency limitations and also high temperatures, Uber's new solution bridges this gap and supports families at every stage of life. Developed with input from older riders and accessibility advocates, these new features are part of Uber's ongoing mission to make technology more inclusive and remove barriers to mobility. The MENA region launch follows successful rollouts in the United States, Brazil, Chile, and Mexico, and underscores Uber's commitment to building technology that works for every stage of life.

Oman Air Achieves Over Threefold Increase in Point-to-Point Traffic, Reaching an Unprecedented 58% of Total Passengers as it Continues to Drive Oman's Tourism Growth
Oman Air Achieves Over Threefold Increase in Point-to-Point Traffic, Reaching an Unprecedented 58% of Total Passengers as it Continues to Drive Oman's Tourism Growth

Al Bawaba

timean hour ago

  • Al Bawaba

Oman Air Achieves Over Threefold Increase in Point-to-Point Traffic, Reaching an Unprecedented 58% of Total Passengers as it Continues to Drive Oman's Tourism Growth

Oman Air has achieved a landmark milestone with a near threefold increase in point-to-point passengers – rising from 75,000 in June 2024 to 200,000 in June 2025 alone. Point-to-point traffic - passengers flying directly into Oman rather connecting onwards - now accounts for 58% of the airline's total flight loads, nearly two times higher than any other GCC airline. The news marks a significant advancement in Oman Air's strategy to drive inbound tourism into Oman and support national economic Rutter, Chief Commercial Officer at Oman Air, said, 'A core pillar of our strategy is to increase point-to-point traffic; not simply by adding more flights, but by ensuring each flight brings more visitors directly to the country. The growth we have achieved is the direct result of careful route planning, targeted marketing, and a network strategy that prioritises stable demand over aspiration. Our approach not only supports national tourism goals, but also drives a stronger revenue performance for the airline, which in turn will enable us to open new routes sustainably. We remain focused on keeping travel to Oman both accessible and attractive, while delivering on our promise to be an engine of Oman's tourism growth.' Oman Air continues to invest in expanding its route network, fleet modernisation, and service excellence to maintain its leadership in the region and deliver an exceptional experience for its guests. The airline's most recent network expansions include Amsterdam, which opens direct access to the high-value Benelux market, and the re-introduction of double-daily flights on its popular London route, starting from October 2025. Meanwhile, as the newest member of the oneworld Alliance, it provides seamless connectivity between Oman and over 700 countries and territories across the globe, including new markets like Japan, Australia and North America. As Oman continues to invest in its tourism infrastructure, Oman Air's focused approach is playing a crucial role in increasing visitors, generating tourism revenue, and shaping the nation's appeal on a global stage.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store