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China's commerce minister claims new EU tariffs on electric cars will hurt trade

China's commerce minister claims new EU tariffs on electric cars will hurt trade

China's Commerce Minister Wang Wentao has expressed concern that the European Union's decision to impose tariffs on electric vehicles (EVs) will "seriously hamper" trade and investment cooperation and negatively affect both China and Germany. During talks with German Vice-Chancellor and Economics Minister Robert Habeck on Tuesday (17 September), Wang stressed the importance of finding a solution in line with World Trade Organization rules to avoid escalating trade tensions between China and the EU. The European Commission is considering final tariffs of up to 35.3% on Chinese-made electric vehicles, on top of the standard 10% import duty on cars.
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Morocco to build high-speed train to Fez via Meknes

Morocco to build high-speed train to Fez via Meknes

Morocco is pushing ahead with the development of high-speed rail. Morocco plans to launch a tender to study the project of a high-speed rail link between Fez and Rabat, with a stop in Meknes. Meknes is one of the cities that will be used for team training and accommodation during the 2030 FIFA World Cup.

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Dubai marches ahead despite pandemic setbacks

Dubai marches ahead despite pandemic setbacks

Emphasising its resilience as the leading economic hub in the Gulf, the Emirate of Dubai on Sunday (27 December) unveiled a growth-oriented 2021 budget that seeks to accelerate the pace of economic recovery, strengthen social benefits and enhance infrastructure. Dubai seeks a quick bounce back in 2021 after the setbacks due to the coronavirus pandemic
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Sheikh Tamim goes on a shopping spree in Turkey, acquiring 10% of the Turkish Stock Exchange, and other assets

Sheikh Tamim goes on a shopping spree in Turkey, acquiring 10% of the Turkish Stock Exchange, and other assets

Memorandums of Understanding about the transfer of shares were signed on Thursday (26 November) during the visit of the Emir of Qatar, Sheikh Tamim bin Hamad al Thani to Ankara to participate in the 6th meeting of the Qatar-Turkey High Strategic Council
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Saudi Arabia clamps down on corruption

Saudi Arabia clamps down on corruption

Saudi Arabia is continuing its clampdown on corruption within its bureaucracy, particularly in the defence sector, launching more than 150 new criminal cases after investigations by its Control and Anti-Corruption Authority (Nazaha).