British luxury brand Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops and meant fewer tourists visiting its European stores.
Comparable store sales in Europe, the Middle East, India and Africa declined 37% in the quarter, the third of its financial year, but the company said it remained confident in the future, buoyed by sales growth of 11% in Asia Pacific stores.
Trade through Dubai’s Hatta crossing surges 175%
Dubai’s Hatta Customs Crossing recorded a major increase in trade during the first half of 2026, with the value of goods passing through the crossing rising 175 per cent year-on-year.
AED 11.6 million in licence penalties waived for Abu Dhabi businesses
The Abu Dhabi Registration Authority (ADRA) says more than 7,800 businesses have benefited from an initiative waiving fines for late renewal of economic licences.
UK's Jaguar Land Rover to cut 4,000 jobs over next two years
British luxury carmaker Jaguar Land Rover said on Monday it would cut around 4,000 jobs globally over the next two years as part of a broader plan to reduce costs and improve competitiveness.
Salik renews tolling technology deal for five years
Salik has renewed its tolling technology contract for Dubai's road toll system with US company TransCore for another five years, extending a partnership that dates back to 2006.
Volkswagen flags 50,000 job cuts across group
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
Dubai Humanitarian has sent around 74 tonnes of emergency aid to Nepal to support communities recovering from devastating floods and landslides.
The UAE Government says it does not comment on media reports or speculation about conversations between government leaders.
The UAE has delivered another shipment of humanitarian aid to Nepal, as it steps up support for communities affected by devastating floods and landslides.
