Business & Money | Tuesday 22 April, 2025 3:14 pm

How Custom Tariffs Affect Financial Markets: A Deep Dive into Global Economic Impacts

Custom tariffs—taxes imposed on imported goods—have long played a pivotal role in international trade policy. Whether used to protect domestic industries, retaliate against unfair trade practices, or generate government revenue, tariffs can significantly affect not only trade flows but also...

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Business & Money | Tuesday 22 April, 2025 12:17 pm

HPDC and BRF Break Ground on Major Halal Poultry Facility in Jeddah, Strengthening Saudi Arabia’s Position in the Global Halal Market

In a strategic move to establish an integrated halal ecosystem and advance local industries, Halal Products Development Company (HPDC), a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), in partnership with global food company BRF, has broken ground on a state-of-the-art...

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Cars & Autos | Tuesday 22 April, 2025 12:01 pm

Al-Futtaim Auto and Machinery Company and Volvo Strengthen Abu Dhabi’s Green Mobility Vision with Volvo BZL Electric Buses

-Volvo BZL Electric Buses officially delivered to Integrated Transport Centre (Abu Dhabi Mobility), marking a milestone in the emirate’s green transport evolution.-FAMCO and Volvo reinforce commitment to zero-emission public transport through cutting-edge electric bus technology.-Integrated...

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Business & Money | Tuesday 22 April, 2025 10:56 am

Zoujaj to rebuild, expand Furnace 01 for SAR 58.5M

The board of directors of National Co. for Glass Industries (Zoujaj) approved the expansion and reconstruction project of Furnace 01. The project will extend the furnace’s length from 65.5 meters to 84.5 meters, increasing its production capacity from 210 tons per day to 280 tons per day, at ...

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Business & Money | Tuesday 22 April, 2025 10:53 am

4 govt entities seek to raise investments in Ras Al-Khair: Official

Mahmoud Al-Theeb, CEO of the Royal Commission for Jubail and Yanbu (RCJY), said that four government entities seek to define the target market size and boost investments in the Minerals Industrial City (Ras Al-Khair). According to Al-Eqtisadiah, RCJY steps up effort to attract investments in...

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Business & Money | Tuesday 22 April, 2025 10:51 am

solutions signs SAR 142.4M contract with stc

Arabian Internet and Communications Services Co. (solutions) signed, on April 21, a contract with stc to establish and develop stc’s internet and telecommunication networks, at a total value of SAR 142.4 million. In a statement to Tadawul, the company said the contract includes...

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Business & Money | Tuesday 22 April, 2025 10:49 am

RAKEZ empowers its business community through sales masterclass

Ras Al Khaimah Economic Zone (RAKEZ) recently brought together entrepreneurs and professionals for an insightful session titled ‘Closing the Deal: Proven Sales Techniques to Drive Growth’ at Compass Coworking Centre, as part of its commitment to fostering business success within its...

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Business & Money | Tuesday 22 April, 2025 10:45 am

Autogo showcases RoboTaxi at EVIS in strategic collaboration with ITC

Autogo, a UAE-based autonomous mobility solutions company operating under Kintsugi Holding, is showcasing its RoboTaxi at the Electric Vehicle Innovation Summit (EVIS), in collaboration with the Integrated Transport Centre (ITC). This marks the first time the RoboTaxi is being presented at a...

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Business & Money | Tuesday 22 April, 2025 10:42 am

Chinese delegation lauds Sharjah's development plans, initiatives

The Sharjah Municipal Council (SMC) and Sharjah City Municipality, represented by Salem Ali Al Muhairi, Chairman of the Municipal Council, and Obaid Saeed Al Tunaiji, Director-General of the Municipality, welcomed a delegation from the People's Republic of China, led by Nanjing Mayor Chen...

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Business & Money | Tuesday 22 April, 2025 10:39 am

Dubai Finance unveils world-first AI compliance platform ‘ASCEND’ at Dubai AI Week

Dubai Finance (DOF) has launched ASCEND (AI-Assisted System for Compliance Verification and Recommendations), the world’s first AI-powered compliance verification platform for public finance, during the inaugural edition of Dubai AI Week. The announcement was made by Abdulrahman Saleh Al...

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