Business from Monday, August 4th, 2025

Tesla approves share award worth $29 billion to CEO Elon Musk

Tesla has granted CEO Elon Musk shares worth about $29 billion, in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots.
Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer

More than 3,200 union members who assemble Boeing's fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day.
Dubai Duty Free achieves record July sales surpassing AED638 million

Dubai Duty Free has delivered another standout performance for the month of July, posting sales of AED638.8 million ($175 million) and marking 5.86 per cent up on the same period last year.

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UAE continues Gaza relief efforts with new airdrop, food convoy
The UAE has carried out its 62nd airdrop of humanitarian aid over Gaza as part of the 'Birds of Goodness' initiative under Operation Chivalrous Knight 3.
Dubai taxi drivers honoured for outstanding service
More than 2,100 taxi drivers in Dubai have been honoured for their exceptional service, courtesy and integrity.
Al Ain strengthens emergency readiness with new coordination hub
The Emergencies, Crises and Disasters Management Centre - Abu Dhabi (ADCMC) has activated its new Coordination and Monitoring Centre in Al Ain, aimed at strengthening emergency preparedness and response efforts.