UK aims to produce 50% of its steel domestically as import quotas are cut and a 50% tariff introduced, sparking industry support and political criticism. Read more: UK sets 50% domestic steel target as tariffs ramp up on imports
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Bentley will cut 275 jobs as profits fall 42% to £187m, with the luxury carmaker citing weak demand, China slowdown and rising costs. Read more: Bentley to cut 275 jobs as profits slump amid global headwinds
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Shipping giant Maersk has suspended operations at Oman’s Port of Salalah after a drone strike on oil storage facilities, highlighting growing disruption to global trade routes amid the escalating Iran conflict. Read more: Maersk halts operations at Oman port after drone strike widens Iran conflict disruption
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Based at the DIFC Innovation Hub, the Dubai PropTech Hub currently tracks 231 UAE-based PropTech companies, with strong activity in listings, investment and marketing platforms The post DIFC launches PropTech 2033 roadmap for Dubai’s real estate future appeared first on Gulf Business.
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The US dollar firmed 0.2 per cent, making dollar-priced bullion more expensive for holders of other currencies The post Gold slips as dollar strengthens, rate cut hopes fade appeared first on Gulf Business.
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When force majeure is declared, companies may temporarily halt deliveries or operations without being considered in breach of contract The post Why force majeure is spreading across Gulf energy markets appeared first on Gulf Business.
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Celebrity restaurateur Nusret Gökçe, known as Salt Bae, says his Dubai Nusr-Et restaurant remains open and he has travelled to the city to show confidence The post Salt Bae weighs in on Middle East crisis, says Dubai restaurant remains open appeared first on Gulf Business.
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“The past days have proven that we are really a safe country,” the developer says in a CNBC interview The post Emaar’s Mohamed Alabbar: UAE remains a really safe country appeared first on Gulf Business.
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Meat prices rose 0.8 per cent from January, led by record prices for sheep meat and stronger demand for beef in the US and China The post World food prices rebound in February, United Nations’ FAO says appeared first on Gulf Business.
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Qatar accounts for about 20 per cent of global LNG exports, all of which transit the Strait of Hormuz The post Qatar declares force majeure on gas exports appeared first on Gulf Business.
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