Business News from Thursday, April 2nd, 2026

Drugmakers face 100% tariff unless they cut prices or produce drugs in US

President Donald Trump signed an executive order on Thursday imposing 100 per cent tariffs on branded pharmaceuticals imported into the US unless manufacturers agree to government drug pricing deals or commit to making their products domestically.
Dubai’s new business support measures set to boost resilience, growth

Officials overseeing Dubai’s tourism and key economic sectors have said that the business support measures announced earlier this week will bolster resilience, help companies navigate short-term challenges and support sustained growth.

News

Dubai rejects claims of Iranian attack on data centre
Authorities in Dubai have denied reports that Iran carried out a strike on an Oracle data centre in the emirate.
Some UK education boards cancel IGCSE, A-level exams for UAE
Some UK education boards have announced cancellation of IGCSE and International A Level exams in the UAE that were scheduled to be held in May and June.
UAE expresses solidarity with Pakistan and Afghanistan over devastating floods
The UAE has expressed solidarity with Pakistan and Afghanistan after torrential rain triggered devastating floods and landslides in the region, killing and wounding a number of people.