Volkswagen has named Porsche head Matthius Mueller as its new CEO as the automaker tries to contain the damage from its emissions cheating scandal. Meanwhile, it has emerged that 2.8 million vehicles in Germany may have been affected. Ira Spitzer reports from Berlin:
Dubai Retail to open new mall on Al Khail Road in 2027
Dubai Retail, under Dubai Holding Asset Management, has unveiled Skylight Mall, a shopping destination set to open on Al Khail Road in 2027.
Beautyworld Dubai marks 30th edition with global industry showcase
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, has inaugurated the 30th edition of Beautyworld Dubai at the Dubai World Trade Centre.
DP World granted extension for Angola’s Luanda terminal concession
DP World has secured a 10-year extension to its concession to operate the multipurpose terminal at Angola’s Port of Luanda, extending the term through to 2051.
UAE trade deal with Eurasian Economic Union comes into force
The UAE's Economic Partnership Agreement with the Eurasian Economic Union (EAEU) has officially come into force, opening up preferential access to markets in Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
Fitch affirms Ras Al Khaimah at A+ and raises growth forecast
Fitch Ratings has affirmed Ras Al Khaimah’s long-term credit rating at A+ and raised its economic growth forecast for 2026.
The UAE's Ministry of Health and Prevention (MoHAP) has begun implementing a new resolution that sets caps on sodium, sugar and fat levels in selected food products.
Two individuals have been arrested in Dubai for posing as employees of official and international entities and defrauding several residents in a phone scam that totalled AED 11.8 million.
The UAE has strongly condemned an aerial attack on two World Food Programme-contracted trucks carrying food supplies between Dilling and Kadugli in Sudan's South Kordofan State.
