Business from Thursday, August 7th, 2025

DP World has expanded its automotive logistics capacity at Jebel Ali Port with the launch of a new 2.6 million square foot vehicle storage yard, adding 13,000 car equivalent units (CEUs) and raising the port's storage capacity to a total of 75,000 CEUs. 

Ras Al Khaimah Economic Zone (RAKEZ) has signed an agreement with Indian construction giant Rana Group to establish a new hub that will focus on "pioneering technologies" for over 150 industries and create thousands of jobs.

Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price, in his first comments after US President Donald Trump's salvo of a 50 per cent tariff on Indian goods.

ADNOC has been ranked as the sixth most valuable global energy brand in Brand Finance's inaugural Energy 100 report.

President Donald Trump's higher tariff rates of 10 per cent to 50 per cent on dozens of trading partners kicked in on Thursday, testing his strategy for shrinking US trade deficits without massive disruptions to global supply chains, higher inflation and stiff retaliation from trading partners.

President Donald Trump announced that Apple will invest an additional $100 billion in the US, a move that could help it sidestep potential tariffs on iPhones.