分类： business

In a dramatic escalation of geopolitical tensions, the Dutch government invoked a Cold War-era emergency law in late September to seize control of Nexperia, a Chinese-owned semiconductor company operating in the Netherlands. This unprecedented move, justified by alleged ‘serious governance shortcomings’ and threats to critical technologies, has sent shockwaves through the global automotive industry, already reeling from US tariffs and China’s restrictions on rare earth exports. The Dutch Minister of Economic Affairs emphasized the necessity of this action to safeguard supply continuity and protect vital technologies for the Dutch and European economies. Beijing responded with fury, accusing the Netherlands of political interference and imposing export controls on Nexperia’s chips from its Chinese facilities to Europe. The Dutch government, in turn, froze shipments of essential supplies needed for chip production in China. This disruption has exposed vulnerabilities in the global chip supply chain, particularly for automotive manufacturers, who rely heavily on Nexperia’s ‘legacy’ semiconductors for critical components like power-steering and airbags. Despite China’s recent exemptions for civilian chip exports, tensions remain high, with Beijing demanding the Dutch government reverse its takeover of Nexperia. The incident underscores the broader struggle for digital sovereignty and the risks of over-reliance on Chinese supply chains. Analysts warn that this episode exemplifies the growing decoupling between Western and Chinese economies, with significant implications for global trade and geopolitical stability. As negotiations between China and the EU continue, the Nexperia dispute highlights the fragility of international supply chains and the complex interplay of politics, technology, and commerce in an increasingly polarized world.

Seven Mayfair, a rising star in Dubai’s real estate sector, has announced Deja Vu Real Estate as the exclusive sales partner for its flagship residential project, Mayfair Nexus, situated in Wadi Al Safa 7. This strategic alliance underscores Seven Mayfair’s dedication to fostering communities rooted in transparency, trust, and innovative lifestyle design. Mayfair Nexus, featuring nine low-rise buildings and over 30 lifestyle amenities, epitomizes the developer’s vision of redefining modern community living in Dubai under its tagline, “Living, As You Imagined.”

Fauzaan Malkani, Managing Director of Seven Mayfair, emphasized the partnership’s alignment with the company’s core values. “Deja Vu Real Estate’s expertise and professionalism, coupled with their deep understanding of Dubai’s property market, make them the perfect partner for Mayfair Nexus. Together, we aim to deliver an unparalleled experience where every promise translates into performance,” he stated.

Established in 2007, Deja Vu Real Estate has earned a reputation as a leading property consultancy in Dubai, specializing in residential and investment advisory services. The firm will lead the sales strategy, broker engagement, and client outreach for Mayfair Nexus, leveraging nearly two decades of market insight to support Seven Mayfair’s growth trajectory.

Akif Shaikh, Executive Director and Co-Founder of Deja Vu Real Estate, expressed pride in the collaboration. “Mayfair Nexus is a testament to thoughtful design, lifestyle balance, and trust. This partnership unites our shared values of integrity and excellence, ensuring buyers experience confidence and clarity from their very first interaction,” he remarked.

Through this collaboration, Seven Mayfair reaffirms its commitment to transparency and quality, offering buyers and investors escrow-secured transactions, clear project timelines, and premium delivery standards. For further details, visit www.7mayfair.com.

Dubai’s ultra-luxury property market is witnessing a remarkable transformation, with penthouses emerging as the preferred choice among the world’s wealthiest buyers. According to recent research data, penthouses now account for one in five homes listed for sale above Dh50 million, significantly outpacing villas and duplexes in the same elite price bracket. This trend underscores a paradigm shift in luxury living preferences, as sky-high residences redefine Dubai’s real estate narrative. The findings, released on Monday, highlight the growing allure of penthouses as the ultimate ‘trophy asset,’ combining exclusivity, panoramic views, and hotel-style amenities. eXp Dubai’s analysis reveals that 19.6% of properties priced above Dh50 million are penthouses, compared to just 4.3% for villas and 4.8% for duplexes. Dounia Fadi, Managing Director of eXp Dubai, noted that buyers are increasingly drawn to properties that offer privacy, architectural ambition, and a connection to Dubai’s iconic skyline. Developers are responding to this demand by designing high-rise projects with expansive penthouse offerings, often featuring bespoke interiors and multi-floor layouts. Industry experts predict that this focus on vertical luxury will continue, driven by land scarcity in prime neighborhoods and the city’s transformation into a global financial and cultural hub. Vidhyadharan Sivaprasad, Chairman of Condor Developers, emphasized that owning a penthouse in Dubai is now a statement of global sophistication and identity. With flexible residency rules, tax advantages, and world-class architecture, Dubai has cemented its position as a long-term lifestyle destination for ultra-wealthy investors. As the city’s skyline continues to evolve, penthouses have decisively climbed to the top of the luxury real estate hierarchy.

In a landmark collaboration, Prestige One Developments has joined forces with global hospitality giant Hilton to introduce the first waterfront standalone branded residences under the Hilton Hotels & Resorts brand in the Middle East and Africa. The agreement, signed in Dubai, was attended by key executives from both entities, including Sulaiman Saifi, Vice Chairman, and Ajmal Saifi, CEO of Prestige One Developments, alongside Hilton’s Daniel Wakeling, Vice President of Development Luxury & Residential, EMEA, and Feras Hasbini, Managing Director of Development Branded Residences, EMEA.

Situated in one of Dubai’s most exclusive waterfront locations, the project promises to redefine luxury living by integrating Hilton’s century-old hospitality legacy into private residences. The development, soaring over 40 floors, will offer panoramic views of the Arabian Gulf, Dubai’s iconic skyline, and the Palm Jumeirah. It will feature a range of residences, from one- to three-bedroom units, including exclusive penthouses, complemented by world-class amenities and bespoke experiences tailored to residents’ needs.

Ajmal Saifi, CEO of Prestige One Developments, emphasized the significance of the partnership, stating, ‘Hilton’s legacy of hospitality now becomes part of Dubai’s residential landscape, marking a new chapter in refined living.’ Daniel Wakeling of Hilton highlighted Dubai’s thriving real estate market, driven by investor confidence and demand for premium living experiences backed by trusted brands.

The project is strategically located within a mixed-use development, offering vibrant marina zones, seamless connectivity to Downtown Dubai and Sheikh Zayed Road, and direct shoreline access. This collaboration underscores Prestige One’s reputation for delivering meticulously crafted projects in prime locations, further solidifying its position as a leading developer in Dubai.

A significant delegation of Indian exporters is set to embark on a four-day visit to Moscow, commencing on Tuesday, as part of New Delhi’s strategy to diversify export markets in response to the impact of heightened US tariffs. The delegation, comprising over 20 exporters from the engineering sector, aims to strengthen trade ties with Russia, a key partner for India. This initiative comes ahead of an anticipated visit to India by Russian President Vladimir Putin next month. The engineering sector, which accounts for nearly 20% of India’s total merchandise exports, has been particularly affected by the US tariff hikes. President Donald Trump doubled tariffs on Indian imports to 50% as a punitive measure for India’s continued purchases of Russian oil, straining bilateral relations. Despite these challenges, both nations are now working towards a trade agreement. S C Ralhan, president of the Federation of Indian Export Organisations (FIEO), emphasized the growing potential for collaboration in the engineering and tools sector. ‘Russia has been a crucial business partner for India, and our engineering exports to Russia are expected to reach $1.75 billion this year,’ he stated. The visit aims to deepen commercial ties and promote Indian manufacturing in the Russian market. Recent data reveals a decline in India’s engineering exports to the US, its largest market, by 9.4% year-on-year to $1.40 billion in September. Conversely, India’s exports to Russia surged by 14.6% year-on-year to $4.9 billion in the fiscal year 2024/25, while imports, primarily crude oil and energy products, increased by 4.3% to $63.8 billion. Indian exporters have capitalized on supply gaps in Russia following the exit of Western firms post-Ukraine invasion. However, imports have recently slowed due to US sanctions on major Russian crude oil exporters. During the MITEX Tools Expo in Moscow from November 11-14, Indian firms will showcase their engineering goods, with the Indian Embassy and Commerce Ministry facilitating meetings with Russian buyers to foster trade and joint ventures.

The 8th China International Import Expo (CIIE) concluded on Monday, marking a historic milestone with intended deals valued at $83.49 billion, a 4.4 percent increase from the previous year. Wu Zhengping, deputy director of the CIIE Bureau, announced the figures during a press briefing, highlighting the event’s growing significance in global trade. This year’s expo showcased 461 new products, technologies, and services, surpassing last year’s count of 450 and setting a new benchmark for innovation. The event attracted 4,108 exhibitors, including 290 Fortune 500 companies and industry leaders, with a combined exhibition area of 367,000 square meters, both record highs. Notably, 180 multinational companies have consistently participated in all eight editions of the expo, underscoring its enduring appeal. Preparations for the 9th CIIE, scheduled for November 2026, are already underway, with companies securing approximately 80,000 square meters of exhibition space. The expo’s success reflects China’s commitment to fostering international trade and innovation, solidifying its role as a global economic powerhouse.

Lhasa, the capital of the Xizang Autonomous Region, has reported a significant economic upswing in the first three quarters of 2025. According to local authorities, the city’s Gross Domestic Product (GDP) reached 75.39 billion yuan ($10.58 billion), marking a 7.1 percent increase compared to the same period last year. This growth was announced during a press conference held on Thursday, highlighting the region’s economic resilience and development momentum.

The city’s primary industry saw a notable rise, with an added value of 1.48 billion yuan, up by 9 percent year-on-year. The secondary industry also experienced substantial growth, expanding by 8.8 percent to reach an added value of 34 billion yuan. Meanwhile, the tertiary industry, which includes services and tourism, grew by 6 percent, contributing 39.81 billion yuan to the overall GDP.

Lhasa’s economic performance is a testament to the region’s strategic initiatives and its ability to attract tourists and investors alike. The Jokhang Temple, a prominent tourist attraction, continues to draw visitors, further boosting the local economy. This positive economic trajectory underscores Lhasa’s role as a key economic hub in the Xizang Autonomous Region.

In a significant move to bolster economic ties, China has announced the suspension of special port fees for US-flagged vessels for a period of one year. The decision, effective from 13:01 on Monday, was disclosed by the Ministry of Transport and follows the consensus achieved during the 2025 China-US economic and trade consultations held in Kuala Lumpur, Malaysia. This initiative has also received the endorsement of China’s State Council. The suspension is a reciprocal measure to the US’s commitment to halt the enforcement of actions under its Section 301 investigation, which targeted China’s maritime, logistics, and shipbuilding industries for the same duration. The ministry clarified that this suspension encompasses all prior announcements and guidelines related to US port fees and investigations into their impact on the safety and development of China’s shipping, shipbuilding, and related industrial supply chains. This strategic pause is aimed at stabilizing bilateral trade, protecting industrial supply chains, and fostering enhanced cooperation between China and the United States in the maritime sector.