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.
Aldar, Dubai Holding announce next phase of strategic partnership
Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding AED 38 billion.
Dubai regulator fines investment firm AED 1.8 million over compliance issues
The Dubai Financial Services Authority has fined Ark Capital Management Limited (Dubai) $504,000 (over AED 1.85 million) for regulatory breaches.
UAE, US sign framework to secure critical mineral supply chains
The UAE and the US have signed a framework on critical mineral supply chains, with plans to finance projects in each country in the next six months.
ERC inks agreement to develop teachers housing in Fiji
The Emirates Red Crescent (ERC) has signed an agreement to construct dedicated housing for teachers in Fiji's rural regions.
Dubai secures Canva regional headquarters in new tech partnership
Dubai is set to host Canva’s regional headquarters, strengthening the emirate’s growing role as a major hub for digital innovation and creative technology.
