Global Outlook

 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 ...