Business News from Sunday, July 13th, 2025
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SpaceX to invest $2 billion in Musk's xAI startup, WSJ reports
SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported.
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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.
