As the holiday shopping season approaches, major retailers in the UAE are preparing for one of the most anticipated events of the year. With discounts reaching up to 80%, companies like Sharaf DG, Jumbo, and noon are vying for the attention of consumers during the Singles Day shopping extravaganza. The Significance of Singles Day Originating…
Gold prices have experienced a significant increase recently, driven by global market dynamics and political developments in the United States. As investors respond to these changes, the outlook for gold remains optimistic, with potential for further price adjustments in the near future. Recent Price Movements In Dubai, the price of 24K gold surged to approximately…
Aramex has announced the appointment of Amadou Diallo as its new Group Chief Executive Officer, effective May 1, 2026. This decision, approved by the company’s Board of Directors, is part of Aramex’s long-term strategy for growth and transformation. Leadership Experience Diallo brings over 30 years of experience in the global logistics and transportation industry. Prior…
Every year on November 11, consumers around the world eagerly anticipate a shopping event that has transformed the retail landscape. Known as Singles’ Day, this day has evolved from a celebration of singlehood into a global shopping extravaganza, marked by significant discounts and exciting deals. The Origins and Growth of Singles’ Day Originally launched in…
Gold prices in the UAE have shown stability recently, with 24-karat gold priced at Dh479.25 per gram and 22-karat gold at Dh443.75, remaining unchanged from the previous day. This steadiness follows a week characterized by fluctuating prices, driven by a mix of profit-taking and renewed buying interest. Recent Price Movements At the beginning of November,…
Gopichand P. Hinduja, the chairman of the Hinduja Group and a significant figure in global business, has passed away at the age of 85 in a London hospital. His health had been declining for several weeks prior to his death, as reported by various media outlets. Early Life and Career Born in 1940, Gopichand was…
ADNOC Distribution is set to revolutionize the on-the-road experience in the UAE with the introduction of a new retail concept known as The Hub. Announced by CEO Bader Saeed Al Lamki at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025), this initiative aims to blend traditional fuel services with modern amenities. Features of…
Americana Restaurants International PLC has demonstrated impressive financial performance for the first nine months of 2025. The company reported a significant increase in both revenue and net profit, driven by strategic expansions and a commitment to operational efficiency. Financial Highlights For the period ending September 30, 2025, Americana’s revenue surged by 14.4% year-on-year, reaching $1.84…
As travel resumes and gold prices stabilize, many Indian tourists are flocking to Dubai’s renowned gold markets. With the allure of competitive prices and a diverse selection, shoppers often wonder about the regulations governing how much gold they can bring back to India without incurring duties. Duty-Free Allowances for Gold Indian customs regulations specify that…
The Federal Tax Authority (FTA) in the UAE is preparing businesses for a significant change in how sweetened beverages are taxed. Starting in early 2026, a new excise tax system will be introduced, linking tax rates directly to the sugar content of drinks. Companies involved in the production, importation, or storage of these beverages need…