Dirhams & Dollars

It’s going to be an interesting week, if last Friday was any measure. Last week ended with the markets going haywire as China and the US exchanged tit-for-tat threats of new tariffs. This week seems to be … not really better, but at least they’re no longer actively threatening to cause each other pain. This may just be the calm before the storm however. China’s media machine seems to be pumping itself up for the Boao Forum, a Chinese economic summit similar to Davos. Chinese President Xi Jinping will take centre stage at the forum. Will he take the opportunity to strike back at US President Donald Trump and his punitive tariffs? Trump for his part is - still – tweeting. Here in Dubai we will have the Annual Investment Meeting, where top delegates will be talking about investment and protectionism. Notice a pattern here?