McDonald's is moving its non-US tax headquarters to the UK from Luxembourg. It's a boost for the government as it tries to attract international investment despite Brexit. McDonald's says it's chosen the UK because of the high levels of staff it has in London. Richard Truer from stockbroker Hargreaves Lansdown says it's a significant move.
Trump Organisation launches mobile phone service, handset
The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signalling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.
AED 750 million in contracts awarded for Palm Jebel Ali infrastructure
Nakheel, part of Dubai Holding Real Estate, has awarded three contracts worth over AED 750 million for major infrastructure works on Palm Jebel Ali.
UAE to achieve non-oil foreign trade targets early: Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has expressed confidence that the country will achieve its non-oil foreign trade targets four years ahead of schedule.
UAE's GDP grows by 4% in 2024 to AED 1.77 trillion
The UAE’s real GDP touched AED1.77 trillion in 2024, marking a 4 per cent growth, with non-oil sectors accounting for 75.5 per cent of the national economy.
UAE pension authority announces penalty waivers for small private firms
The General Pension and Social Security Authority (GPSSA) has introduced an initiative to waive penalties for small private firms over delays in registering employees or processing end-of-service benefits.
Twenty-four crew members of an oil tanker named ADALYNN were evacuated by the UAE’s National Coast Guard after it collided with another ship in the Gulf of Oman.
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held phone calls with numerous counterparts from around the globe, as the Israel-Iran conflict entered its fifth day on Tuesday.
The UAE’s leaders have held a meeting in Dubai to discuss key national priorities and economic progress.
