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Daily Business Wrap - US/China talks going very well
Gulf News
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2/12/2025
See more at https://www.gulfnews.com/business
An end to the US-China tariffs could be close as the two nations progress their negotiations.
#US-China Trade #Pakistan #Emaar
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00:00
US President Donald Trump has said that US and China are getting very close to a historic
00:07
trade deal. He said talks between the two nations, aimed at overcoming the current slew
00:12
of tariffs that both nations are putting on each other, are going very well. Talks are
00:17
set to resume in Washington this week on Wednesday, where the two will be discussing how they
00:22
can remove the barriers and the trade tariffs that are currently placed on imports to both
00:27
In other news, local property developer EMAR has said that it recorded sales in Q1 of this
00:32
year of 6 billion dirhams, a 53% increase on 2018. It also said that its international
00:39
sales rose by 123%, showing signs of life in an otherwise drab property market.
00:45
And finally, Pakistan has named IMF economist Reza Bakir to as head of its central bank
00:51
amid sweeping changes to its economics and finance departments. Following the firing
00:56
of the former governor and the head of the Federal Reserve, Bakir was appointed to a
01:00
three-year term running the central bank as governor by a special assistant to Imran Khan,
01:05
the Prime Minister of Pakistan.
01:07
That's all from us today. We'll be back tomorrow with more headlines. Until then, you can check
01:10
out the latest news on gulfnews.com. Thanks very much for watching.
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