firms – 9xm News

‘Will pay the price’: China sanctions 20 US firms over $10 bn arms sale to Taiwan; freezes all assets

China on Friday announced sweeping countermeasures against 20 US defence-related companies and 10 senior executives, freezing their assets and banning business dealings in response to Washington’s approval of large-scale arms sales to Taiwan.The Chinese foreign ministry said the sanctions were imposed under China’s anti-foreign sanctions law and would take effect immediately. The move follows the […]

Two of Saudi’s biggest mining firms seal landmark deal to swap licences; set to create 47,000 jobs | World News

A major mining move just unlocked 47,000 Saudi jobs / AI Generated Image Two big Saudi mining firms, agreed to exchange a set of exploration licences. In practice this means each company will take ownership of licences that better fit its strengths and project plans: Ma’aden will hand some licences to AMAK, and AMAK will […]

Two of Saudi’s biggest mining firms seal landmark deal to swap licences; set to create 47,000 jobs | World News

A major mining move just unlocked 47,000 Saudi jobs / AI Generated Image Two big Saudi mining firms, agreed to exchange a set of exploration licences. In practice this means each company will take ownership of licences that better fit its strengths and project plans: Ma’aden will hand some licences to AMAK, and AMAK will […]

UAE fines 1,300 firms with AED 34 million for fake job scam | World News

MoHRE flags 1,300 firms, issues Dh34m fines over fake employment / AI Generated Image In a massive crackdown aimed at protecting the national Emiratisation drive, the UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has imposed administrative and financial sanctions exceeding AED 34 million against over 1,300 companies. These firms, linked to roughly 1,800 employers, […]

US firm’s ‘we still sponsor H-1Bs’ hoardings in India grab eyeballs amid $100,000 visa fee row

A US-based AI recruitment firm came to IIT-Delhi for placement and assured the students that they will not hesitate to sponsor H-1Bs because of the $100,000 fee that the Donald Trump administration imposed, so that companies rely on American talent and don’t import foreign skills. The firm’s social media marketing also targeted the H-1B issue, […]

Dubai sets new rules for engineering consultancy firms: Licensing, conditions, and penalties explained | World News

Dubai’s new law enforces strict licensing and standards to advance and regulate engineering consultancy services/Representative Image Dubai has enacted Law No. (14) of 2025 to regulate engineering consultancy activities across the emirate. This legislation aims to elevate the quality and governance of engineering consultancy services by setting stringent licensing requirements, classification criteria, and operational standards. […]

‘We welcome them’: Trump calls on foreign firms to invest in US; urges bringing expert workers to train Americans

US President Donald Trump President Donald Trump on Sunday urged foreign companies to expand investment in the United States and bring in expert personnel to train American workers in advanced manufacturing.In a post on Truth Social, Trump stressed the need for the country to relearn skills in industries such as semiconductors, shipbuilding, and high-tech machinery […]

Saudi shuts down 54 firms, blocks 40 tons of contaminated poultry in major food safety crackdown | World News

54 firms were shut down and 52 production lines suspended/Image: File In July 2025, the Saudi Food and Drug Authority (SFDA) took major action against food and drug safety violations by closing 54 facilities, suspending 52 production lines, seizing expired and forged products, and banning the import of 40 tons of poultry contaminated with salmonella. […]

30 countries hired new lobbyists to negotiate with Trump, Pakistan brought on 7 firms: Report

Countries spent tens of millions this year to lobby with President Donald Trump, a Politico report revealed. Countries have spent tens of millions this year since President Donald Trump’s inauguration for lobbying with Washington, though the spending largely has gotten them nowhere, a Politico report revealed, as the countries are now finding their ways through […]

UAE’s 2025 tax update: How real estate firms can save on fair-valued assets | World News

The UAE Ministry of Finance’s new rule enables depreciation of fair-valued investment properties, offering firms fresh tax planning flexibility/Representative Image TL;DR: Finance Ministry’s Ministerial Decision No. 173/2025 allows firms to deduct depreciation on investment properties measured at fair value, if they choose the realisation basis, effective from tax periods starting January 1, 2025. Companies can […]