Business News from Thursday, July 10th, 2025
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UAE committed to achieving planned oil production capacity
The Ministry of Energy and Infrastructure has reiterated that the UAE remains focused on delivering its planned production capacity of 5 million barrels per day by 2027.
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Samsung to fend off Chinese foldable phone rivals with slimmer model
Samsung Electronics has unveiled thinner, lighter foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple.
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Trump announces 50% tariff on copper effective August 1
US President Donald Trump announced on Wednesday a 50 per cent tariff on copper to start on August 1 in a bid to promote domestic development of an industry critical to defence, electronics and automobiles.
News
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More than 300,000 trees planted as part of Dubai’s green pushDubai Municipality has completed a series of landscaping and afforestation projects across key roads and intersections in the first half of 2025, as part of its broader Green Dubai initiative.
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Over 3.5 million illegal excise goods seized in Dubai operationIn a major crackdown on tax evasion, inspectors from the Federal Tax Authority (FTA) have seized over 3.5 million illegal excise goods from a facility in Dubai.
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Emirates Road to undergo AED750 million makeoverStarting September, Emirates Road will undergo a massive makeover over the next two years at an estimated cost of AED750 million.
