Volkswagen has been ordered to forfeit its greenhouse gas emissions credits.
It comes after the US Environmental Protection Agency announced that auto software overstated real-world performance.
The German carmakers has also been told to lower the fuel economy ratings on 98,000 of its vehicles in the USA.
On Friday Volkswagen agreed to a USD$ 96.5 million court settlement to reimburse affected customers.
TECOM Group posts strong 2025 results as revenues and profits rise
Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
UAE-Vietnam CEPA enters into force
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
Indian rupee, stocks soar in relief rally after trade deal with US
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
UAE, DR Congo sign CEPA to strengthen economic partnership
The UAE and the Democratic Republic of Congo have formalised economic ties through signing a Comprehensive Economic Partnership Agreement (CEPA) on Monday that aims to reduce tariffs and eliminate trade barriers.
'World's Coolest Winter' boosts UAE tourism, hotel revenues hit AED 12.5 billion
The UAE's Ministry of Economy and Tourism has announced the conclusion of the sixth edition of the World’s Coolest Winter campaign, which recorded strong results across all seven emirates.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages welcoming guests to the World Government Summit 2026, running from February 3 - 5 under the theme ‘Shaping Future Governments’.
Dubai’s Roads and Transport Authority (RTA), on the sidelines of the World Governments Summit on Tuesday, signed a partnership with the US-based The Boring Company to begin work on a new underground passenger transport system known as the Dubai Loop.
His Highness Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, has reviewed key cultural and tourism development plans for the area, including upgrades to existing heritage sites and new leisure projects planned for the coming years.
