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.
DIP Holding begins IPO subscription period with offer price range
DIP Holding, owner of Dubai Investments Park, has announced an offer price range between AED 1.10 and AED 1.15 per share, as it begins subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM) on Tuesday.
UAE capital markets reflect strong performance in first 9 months of 2026
The UAE financial markets have recorded strong performance during the first nine months of 2026, with number of companies licensed by Capital Market Authority rising 43 per cent and the combined market capitalisation of ADX and DFM touching AED 3.7 trillion.
UAE and Benin exchange CEPA in Abu Dhabi
The UAE and Benin exchanged a Comprehensive Economic Partnership Agreement on Sunday aimed at significantly expanding trade and investment between the two countries.
Dubai Customs refund applications rise to AED 6.9 billion in first half of 2026
Dubai Customs processed 1.36 million applications for customs deposit refunds in the first half of 2026, up 3.6 per cent from the same period last year.
ADNOC unlocks over AED 60 billion in UAE manufacturing opportunities
ADNOC announced on Sunday more than AED 60 billion in local manufacturing opportunities through to 2030, alongside changes to its procurement and supplier systems.
A committee will be established under a new resolution by the Sharjah Executive Council to improve the efficiency of assessments in addiction cases and create an integrated framework to support addicts.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, was welcomed by Canadian Foreign Minister Anita Anand as he arrived in Ottawa on an official visit.
UAE Minister of State, Lana Nusseibeh, will participate in an interactive dialogue with the United Nations on October 27.
