Business from Monday, August 24th, 2026
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Trump threatens 50% tariffs on all cars and trucks from Canada
US President Donald Trump sought to boost pressure on Canada on Monday, warning that tariffs on all cars, trucks and automotive parts from the country would be increased to 50 per cent starting January 1 after trade talks collapsed over the weekend.
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Parkin and Bahrain's Amakin team up on smarter parking solutions
Dubai’s Parkin is teaming up with Bahrain Car Parks Company (Amakin) to explore smarter and more connected parking services across the GCC.
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Over 7,000 new Indian companies join Dubai Chamber of Commerce
The Dubai Chamber of Commerce has registered 7,579 new Indian companies in the first half of 2026.
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Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70 per cent below its private-market peak four years ago, with a slower growth outlook set to weigh on investor demand.
News
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Dubai set to welcome 26 new private education institutionsDubai’s private education sector continues to grow, with 26 new institutions set to open during the 2026–27 academic year.
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UAE welcomes US removal of Syria from terrorism listThe UAE has welcomed the United States’ decision to remove Syria from its list of State Sponsors of Terrorism.
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Dubai completes road improvements across six school zonesFrom improving entry and exit points to expanding parking capacity, six school zones in Dubai have seen road upgrades ahead of the new academic year.
