In a step to reduce consumption of unhealthy goods and modify consumers’ behaviour, the UAE cabinet adopted a decision to expand the list of excise taxable products to include sweetened beverages and electronic smoking devices, starting 1st January 2020. According to a statement released by the Cabinet General Secretariat, “The decision comes to support the […] Read more
“I always like to say that we build real homes for real people and that if you focus on the customer then everything else falls in line,” says Robert Booth, Co-founder and Managing Director of Ellington Properties. The Canadian businessman has a wealth of experience in the Dubai property sector, having previously held senior roles […] Read more
The UAE Cabinet, chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the sectors and economic activities eligible for up to 100 per cent foreign ownership in the UAE. The Cabinet meeting was attended by Lt. General Shaikh Saif Bin Zayed Al Nahyan, Deputy […] Read more
Gold prices in the UAE are 25 fils away from touching Dh160 a gram after international bullion prices continued their steep climb for a second consecutive day. The actual cost to the shopper today (Friday) would be Dh167.75 a gram, which includes Dh8 VAT (value added tax). Thursday’s gold price was set at Dh156.75, which […] Read more
Dubai Islamic Bank (DIB) said on Monday it has received regulatory nods to acquire 100 per cent in Noor Bank, through which its assets would reach Dh275 billion. With the planned acquisition, DIB said it would consolidate its position as the one of the largest Islamic banks in the world with combined assets of nearly […] Read more
Authorities in the emirate of Sharjah have warned residents against dealing with unlicensed pesticide companies, and advised that ads left on their door steps should be left unanswered. Following the tragic death of a 10-year-old Pakistani boy who succumbed to chemical poisoning from pesticide, Sharjah Municipality urged the public to always verify the validity of pesticide […] Read more
A total of 457,154 drivers benefited from the 25 per cent discount on their accumulated traffic fines under a special Dubai Police initiative for motorists launched on February 6 this year, an official said on Thursday. The initiative, aimed at encouraging motorists to come clean of their offences, also witnessed a reduction in the number […] Read more
Gold jewellery buyers in the UAE are in for some bargains if they feel like popping into the shops today, as the precious metal has recently slumped to its lowest level in two weeks. Gold inched lower on Friday after falling below the key $1,300 level the day earlier, owing to the rise of the […] Read more
The Ministry of Energy and Industry announced fuel prices for April. The prices include VAT. The per-litre prices are Super 98 at Dh2.23 up from Dh2.04 last month and Special 95 at Dh2.11 up from Dh1.92 in March. Diesel price has been fixed at Dh2.49 a hike from Dh2.41 in March. The online publishers assure Worldwide […] Read more
Seven entrepreneurs and conglomerates from the UAE who are currently holding massive assets in diversified businesses landed on Forbes 2019 list of richest people on earth. Retail magnate Majid Al Futtaim and family took the crown as this year’s wealthiest Emirati billionaire, with a net worth of $5.1 billion (Dh18.7 billion). The owner of a […] Read more
