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UAE BRICS trade hits $312B in 2025
A missile attack targeted an ADNOC-owned ship in the Strait of Hormuz, with no injuries reported. Meanwhile, Emirati stocks registered weekly gains of 68 billion AED, and UAE trade with BRICS countries grew by 28.5%, surpassing $312 billion in 2025. On the international level, gasoline prices remain high in America despite falling oil prices, due to refinery shortages. Additionally, Europe's imports of Russian gas increased by 14% in June. Furthermore, China canceled flights ahead of Hurricane Dole, amid trade disputes between Apple and OpenAI, and global Patriot missile supplies are under pressure.
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