Ford has announced that it will layoff around 200 staff from one of its plants in Canada.
The American carmaker said workers at their Oakville, Ontario manufacturing site will be let go in September.
They also said more layoffs could be announced in January.
In total, around 4,600 people work at Ford's Oakville plant.
Dubai South rolls out incentives to sustain economic momentum
Dubai South has announced a new set of incentives for companies operating within its free zone, reinforcing its commitment to supporting the business community and sustaining economic momentum.
US renews sanctions waiver for countries to buy Russian oil
The Trump administration on Friday renewed a waiver allowing countries to buy sanctioned Russian oil and petroleum products at sea for about a month, two days after saying it had no plans to do so.
UAE strengthens international financial ties at Washington meetings
UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini has held a series of high-level bilateral meetings with global finance leaders on the sidelines of the annual meetings of the World Bank Group and the International Monetary Fund.
Dubai Ports Authority ensures round-the-clock maritime services
The Dubai Ports Authority has affirmed its full readiness to deliver round-the-clock services to vessels across the emirate’s ports and anchorage areas.
UAE, Azerbaijan enter Comprehensive Economic Partnership Agreement
The UAE and Azerbaijan have officially entered into a Comprehensive Economic Partnership Agreement (CEPA) to bolster trade and investment relations between the two nations.
