UAE Fuel Prices to Increase in September 2023

UAE Fuel Prices to Increase in September 2023

The committee responsible for monitoring fuel prices has approved an increase in fuel prices for September 2023. The price hike will range from 28 to 29 fils per liter for gasoline and 45 fils per liter for diesel compared to the prices in August 2023.

Fuel distribution companies have announced the new prices, which will be implemented starting from tomorrow, Friday, September 1, 2023. The new pricing includes a 5% value-added tax.

Cross-Border Investments and Digitalization Transform Estate Planning for Expatriates

Cross-Border Investments and Digitalization Transform Estate Planning for Expatriates

The landscape of estate planning is undergoing a redefinition due to cross-border investments and the advent of digitalization. Expatriates face unique considerations in their estate planning, including inheritance tax and cross-border complexities. For expats residing in Dubai with assets in multiple countries, additional factors such as retirement plans, tax comparisons, beneficiary preferences, and socio-political and economic aspects must be taken into account. Distribution becomes more straightforward for portfolios consisting primarily of bank accounts and intangible assets, as opposed to those with real estate holdings.

Exciting Lineup of Star-Studded Events and Up to 90% Discounts Await at Dubai’s Grand 3-Day DSS Finale Sale

Exciting Lineup of Star-Studded Events and Up to 90% Discounts Await at Dubai’s Grand 3-Day DSS Finale Sale

Dubai's Grand 3-Day DSS Finale Sale promises to be an exciting event, with a star-studded lineup of performances and discounts of up to 90% on offer. We are delighted to welcome Bollywood sensation Farhan Akhtar to the emirate for his first-ever appearance, where he will take the stage at the Coca-Cola Arena on September 1st. Following this, Afropop icon Davido will deliver a thrilling performance the next day.

Abu Dhabi Selected as Host City for Fifth FIFCO World Corporate Champions Cup

Abu Dhabi Selected as Host City for Fifth FIFCO World Corporate Champions Cup

The International Federation of Corporate Football (FIFCO) has announced that Abu Dhabi will be the host city for the fifth edition of the FIFCO World Corporate Champions Cup. The tournament, supported by the Abu Dhabi Convention and Exhibition Bureau, a part of the Department of Culture and Tourism - Abu Dhabi, will take place from November 3rd to 5th

Dubai’s Mohammed bin Rashid Al Maktoum Solar Park’s 4th Phase to Generate Clean Energy for 320,000 Homes and Reduce 1.6 Million Tonnes of Carbon Emissions Annually

Dubai’s Mohammed bin Rashid Al Maktoum Solar Park’s 4th Phase to Generate Clean Energy for 320,000 Homes and Reduce 1.6 Million Tonnes of Carbon Emissions Annually

Saeed Mohammed Al Tayer, the Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), recently inspected the progress of the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park, a project set to provide clean energy to approximately 320,000 residences while reducing carbon emissions by 1.6 million tonnes annually. With investments totaling AED 15.78 billion, this phase employs the Independent Power Producer (IPP) model.

Al Jalila Foundation Introduces the ‘Oud Metha Residential Building Endowment’ to Support Medical Education and Research

Al Jalila Foundation Introduces the ‘Oud Metha Residential Building Endowment’ to Support Medical Education and Research

Al Jalila Foundation, an international philanthropic organization committed to revolutionizing lives through medical education and research, has announced the establishment of a AED46 million endowment to generate sustainable revenues for funding the medical education and research programs of the Dubai Academic Health Corporation (DAHC). The 'Oud Metha Residential Building Endowment,' a seven-floor residential building, is expected to yield an 8% return, driving groundbreaking research and transforming lives.