Browsing: trade hub

UAE economy extends global rise on strong 2026 data

Business April 18, 2026

ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil…

World Bank projects strong UAE economic growth through 2027

Business January 14, 2026

MENA Newswire, ABU DHABI: The World Bank has forecast that the United Arab Emirates economy will grow by 5 percent in 2026…

Porsche to cut 5000 more jobs under restructuring plan

Automotive July 28, 2026

The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.