Stocks in China have plummeted to an eight-month low, dashing hopes that the country’s economy was on its way to a strong recovery. After markets slumped nearly 3 percent on Friday, today saw China's blue-chip CSI300 index fall 2.1% to 3,065.62, while the Shanghai Composite Index lost 2.8%, dropping down to 2,832.11 points. China’s April trade data, which was released yesterday, further dampened the outlook with both exports and imports dropping more than expected.

UAE, Argentina launch CEPA negotiations
Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion
Meta launches AI gadget Charm as race for post-smartphone hardware heats up
UAE Central Bank sanctions Bank Melli Iran over compliance breaches
India-New Zealand free trade pact to come into force on October 20
