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Dubai has abolished a 30% tax on alcohol to boost business and tourism.

Dubai has abolished a 30% tax on alcohol to boost business and tourism.

Nevertheless, the prices of alcohol, according to analysts' forecasts, will still remain high. Interestingly, foreigners account for more than 80% of the UAE's total population.

Volkswagen plans to enter the electric pickup market in the U.S.

Volkswagen plans to enter the electric pickup market in the U.S.

According to Reuters sources, the German automaker will invest about $106 million in its new Scout brand. The concern will create an independent company with production starting in 2026. VW Group CEO Herbert Diess said that "electrification presents a historic opportunity to enter the U.S. pickup truck market." Volkswagen