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…
Gold prices in Dubai have shown signs of stabilization following a recent selloff, as investors look to capitalize on potential market shifts. After experiencing significant volatility, the price of 24-karat gold opened at Dh476 per gram on Wednesday, recovering from a low of Dh470.50 earlier in the week. This rebound reflects renewed buying interest among…
Majid Al Futtaim has made a significant move into the childrenswear market by partnering with the esteemed French brand Tartine et Chocolat. The newly opened boutique at Dubai Mall marks the brand’s first and only location in the Middle East, showcasing a commitment to expanding its lifestyle offerings. Boutique Details The 150-square-metre store is situated…
Gold buyers often find more favorable prices in Dubai compared to India, despite both countries adhering to the same international gold price benchmarks. The disparity arises not from the global rate itself but from the varying taxes, duties, and making charges imposed in each market. Factors Influencing Gold Prices in Dubai Dubai’s status as a…
Recent fluctuations in the global gold market have led to a notable decrease in gold prices in the UAE. Following a sharp decline in international rates, local prices have adjusted, providing a potential opportunity for buyers. Current Gold Prices in Dubai As of Monday evening, the price of 24-karat gold in Dubai fell to Dh481.25…
Recent fluctuations in gold prices have provided some relief for buyers in the UAE. After a prolonged period of record highs, gold prices saw a notable decline of nearly Dh30 per gram, marking the most significant drop since 2013. This shift offers an opportunity for shoppers to purchase gold at more favorable rates. Current Gold…