Business News from Friday, July 11th, 2025
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UAE, Germany launch joint business council
The UAE and Germany have taken a major step forward in economic cooperation with the official launch of the UAE-Germany Business Council in Berlin.
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Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
Starting August 1, US President Donald Trump will raise tariffs on Canadian goods to 35 per cent from 25 per cent and has planned to impose 15 to 20 per cent tariffs on most other trade partners.
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.
