Business from Thursday, July 31st, 2025

Ras Al Khaimah is marking a record-breaking start to 2025, with more than 654,000 visitor arrivals in the first half of the year — the highest ever for a six-month period.

Indian opposition parties criticised the government on Thursday, describing US President Donald Trump's threat of a 25 per cent tariff as a diplomatic failure for New Delhi, while the rupee currency tumbled and equity indexes slid in response to the news.

The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports.