Tug News Roundup: Canadian Designs Shine Globally
Tugboats designed by Canadian firms are trending in international markets. Polestar Maritime orders two new tugs, enhancing operations in India....
Cars
Oman Set to Implement Personal Income Tax, Impacts for the Gulf Await
Oman will introduce a personal income tax starting in 2028. This decision marks a historic first for the Gulf region....
BYD Begins Assembling EVs at New Factory in Brazil
BYD begins electric vehicle assembly at new factory in Bahia, Brazil. The plant aims for 50,000 vehicles to be assembled...
Japan, South Korea, Malaysia Among 14 Nations Facing Tariffs
Japan and South Korea now face a 25% tariff beginning August 1. Tariffs could reach as high as 40% for...
The New Frontier in Medtech: Navigating Trade Tensions for Investment Gains
China-EU trade tensions create significant risks and opportunities in medtech. The EU's restrictions may reshape supply chains and impact profitability....
Daimler Truck Signs Deal for Assembly Plant in Senegal
Daimler Truck has signed a Letter of Intent with Senegal's government and GTS. The new facility will target production start...
Renault Celebrates Production of Morocco’s First Fully Electric Quadricycle
Renault secures a milestone with the 2,000th Mobilize DUO production. The first fully electric vehicle in Morocco designed for urban...
Karwa Motors and MAZ Forge Joint Venture to Manufacture Vehicles in Oman
Karwa Motors and MAZ have signed a joint venture agreement to produce vehicles in Oman. The partnership aims to reach...
BYD Cancels Plans for Mexico Factory Citing Geopolitical Issues
BYD cancels plans for a Mexico factory due to geopolitical tensions. Uncertainty about U.S. tariffs influenced BYD's investment strategy. The...
Chinese Companies Grab Stake in Nigeria’s Lithium and EV Future
Chinese firms are investing heavily in Nigeria's lithium sector to reshape the electric vehicle market. Two lithium processing factories are...
