Business from Thursday, April 17th, 2025
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Mubadala announces $600M investment in Nord Anglia Education
Abu Dhabi-based Mubadala Investment Company has signed an agreement to acquire a $600 million (around AED 2.203 billion) minority stake in private school operator Nord Anglia Education.
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Shein, Temu to hike prices under pressure from Trump's trade policies
Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as US President Donald Trump's crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings.
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US issues new sanctions targeting Chinese importers of Iranian oil
The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" oil refinery, as President Donald Trump's administration seeks to ramp up pressure on Tehran.
News
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UAE to build mosque and cultural centre in ChadThe UAE Aid Agency has signed an agreement to build a mosque and a cultural centre in Chad's capital N’Djamena.
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RTA opens new bridge to cut travel time by 67%The Roads and Transport Authority (RTA) has opened a new bridge connecting Jumeirah Street to Al Mina Street in the direction of the Infinity Bridge, part of phase 4 of the Shindagha Corridor Improvement Project.
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UAE, Chad Presidents discuss closer cooperationThe UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Chadian President Marshal Mahamat Idriss Déby Itno, who is on an official visit to the country.
