Global Outlook

 As the world's largest economy, the United States (US) has been among the preferred investment destinations for UAE (United Arab Emirates) investors. American companies have also invested in the UAE, with their headquarters located across the UAE. Microsoft, Oracle, Tesla, LinkedIn, Cisco, and Facebook have headquarters in Dubai, a city in the UAE.  In 2020, investors from the Emirates accounted for about $45 billion of FDI (Foreign Direct Investment) flows to the US. In 2021, there was more than US$25 billion in bilateral trade between the two countries.  Earlier, Marisa Lago, US Under Secretary of Commerce for International Trade, said there was enormous potential to further boost US-UAE trade ties. Over the past few years, many US companies have established a presence in the UAE. In 2016, US startup incubator 1776 opened an office in Dubai. In 2017, Elon Musk’s Tesla opened an office in the UAE. Microsoft also marked a major milestone when it opened two cloud region ...

 Danny E. Sebright, the President of the US-UAE Business Council (a Washington D.C.-based business advocacy organisation) has said that the United Arab Emirates is a global business centre that attracts American companies.  He said that enhancing the cooperation between the UAE and the United States will expand and develop the volume of trade exchange and mutual investments. In an interview with the Emirates News Agency (WAM), he said, "In 2021, there was over US$25 billion in bilateral trade between the two countries, marking a recovery from a dip during the Covid-19 pandemic.” He further said, "The UAE is an investment destination and an important investor in the US economy.” He noted that there is also potential for growth of the bilateral relationship between the two countries. Sebright added, "One of the UAE's sovereign wealth funds, Mubadala Investment Company, has invested over $100 billion in the United States . Other UAE Sovereign wealth funds also invested ...