Elon Musk's net worth has fallen to $957bn, less than two weeks after SpaceX's Nasdaq debut made him the world's first trillionaire. A broader tech sell-off, fuelled by doubts over AI profitability, drove SpaceX shares down more than 30% from their mid-June peak.
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The Council of the European Union has formally enacted regulations putting the August 2025 EU-US trade agreement into effect, eliminating remaining duties on US industrial goods and extending the suspension of lobster tariffs. Built-in safeguards allow Brussels to act swiftly if Washington falls short of its commitments, with the main measures running through 2029.
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Abu Dhabi has unveiled Dar al Funoon, a Frank Gehry-designed performing arts complex near Saadiyat Cultural District set to open in 2030. The venue will seat more than 6,000 across four spaces and host opera, ballet, theatre, and international artistic residencies.
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The UAE has added Indonesia, Vietnam, Thailand, the Philippines, Kenya, and South Africa to its visa-on-arrival programme. Eligibility is conditional on holders carrying a valid residence permit from one of nine approved countries, including the US, UK, and EU member states.
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Pet Corner has opened a 20,000 square foot Experiential Centre in Dubai Investment Park, its largest space since co-founders Gaurav and Sidarth Mahindra launched the brand there in 2004. The centre combines retail, veterinary services, grooming, and community programming under one roof.
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Bayut and dubizzle data tracking Abu Dhabi property activity through the first half of 2026 shows property views recovering to 95% of baseline and agent responses exceeding it at 102%. Sales enquiries account for 54% of calls, with demand spread across established waterfront communities and off-plan island developments.
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Dubai-headquartered Traininpink has launched its Pilates Linfodrenante® app in the UAE and UK, bringing a proprietary method designed around female physiology to over 50,000 existing subscribers and new users. The platform combines structured movement, breathwork, and nutrition guidance, with sessions available from fifteen minutes.
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Ethara has renamed Abu Dhabi's Etihad Park as Etihad Live, marking a new chapter for the 42,000-capacity venue after 17 years. A multi-million-dirham infrastructure overhaul is planned for 2027, with upcoming shows from Shakira, Imagine Dragons and others already on the calendar.
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