Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Trade between the EU and US will be “almost impossible” if Donald Trump imposes the 30 per cent tariffs he has threatened, the bloc’s trade commissioner has said.Maroš Šefčovič’s comments ahead of a meeting of EU trade ministers on Monday came after the US president warned over the weekend that he would impose duties at that level on the EU from August 1.“If you’re talking about 30 per cent or 30 per cent plus, there will be a huge impact on trade,”…
Huawei Consumer Cloud Services has signed two strategic Memorandums of Understanding (MoUs) with leading regional digital content platforms, Anghami and Nabd, during the Huawei Developer Conference 2025 (HDC 2025). The agreements aim to strengthen Huawei Mobile Services (HMS) for Car by offering localised, reliable, and engaging infotainment solutions tailored for global automakers. Deepening regional integration for connected vehicles The partnerships tap into the regional influence of two major MENA platforms: Anghami, the region’s largest music streaming service, and Nabd, the top Arabic news aggregator. Both will deliver their content via HMS for Car, enabling auto manufacturers to provide enhanced, locally…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lockheed Martin is in talks with mining companies to allow exploitation of its Pacific seabed licensing areas as global competition to secure access to critical minerals intensifies. The American defence group was awarded the two eastern Pacific licences in international waters by US regulators in the early 1980s during the first flush of interest in deep sea mining but never started work on them. Frank St John, Lockheed’s chief operating officer, said there was now a “large interest” in the company’s deposits from groups…
Stay informed with free updatesSimply sign up to the German economy myFT Digest — delivered directly to your inbox.Germany’s economy could have grown 50 per cent more between 2021 and 2024 if its export industries had not been held back by problems including labour shortages and bureaucracy, according to a Bundesbank study that highlights the scale of the country’s recent decline.The central bank’s simulation suggests German GDP would have expanded by 2.4 percentage points more over the period had exports kept pace with demand in key markets. While the Eurozone’s biggest economy grew 4.6 per cent overall in those years,…
Mubadala Investment Company, the Abu Dhabi-based investment firm, has joined forces with Partners Group, GIC, and TPG Rise Climate to acquire Techem, a leading international provider of digitally enabled energy efficiency solutions for the real estate sector, in a deal valued at approximately Dhs29bn (EUR 6.7bn). The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to complete in H2 2025. Founded in 1952, Techem serves over 440,000 customers across 18 countries and supports energy efficiency for more than 13 million dwellings worldwide.\ Techem offers low-investment, non-invasive services that enhance energy efficiency The company offers low-investment,…
Image credit: Supplied The 28th edition of Dubai Summer Surprises (DSS) officially commenced on June 27, 2025, bringing an impressive array of deals, entertainment, and free activities across the emirate. Organised by the Dubai Festivals and Retail Establishment (DFRE), this year’s event spans a solid 66 days, running until 31 August. It promises a summer filled with preeminent shopping discounts, headline concerts, cultural activations, family-focused attractions, and spectacular prizes. Read-Dubai Summer Surprises 2025 to start soon: 11 unmissable experiences “DSS 2025 is the most diverse edition to date, anchored around three specially curated shopping seasons,” states Suhaila Ghubash, vice president of Festivals…
The market is wrong to expect a rate cut in September, says Citadel Securities Source link
Low-cost carrier Wizz Air (WIZZ.L) said on Monday it was quitting its Abu Dhabi operation after six years to focus on its main European market, citing geopolitical instability and limited market access. Wizz, which originally focused on central and eastern Europe but expanded into Britain, Italy and Austria, said in future it would concentrate on its much more profitable European business. Shares in the London-listed airline rose 1.5 per cent in early trading. The stock is down about 62 per cent over the last two years, hit by issues with Pratt & Whitney GTF engines which led to the grounding…
Image: Getty Images/ For illustrative purposes In the corporate and financial world, there is a tendency to see sustainability and ESG (environment, social and governance) responsibilities and achievements mainly from a valuation perspective, as the popular mantra of “doing well by doing good” succinctly expresses. This mantra creates a risk that monetary value should be the ultimate measure of success. The current backlash against ESG is an outcome of such short-sighted approach to value. This creates a more serious risk of financialisation, where our financial markets, in pursuit of annually calculated returns, become disconnected from building a green and equitable real economy…
The KISS rocker picked up the “one-of-a-kind” estate in September. It has 6 bedrooms, 9 baths and sweeping views of the ocean. Source link