The UAE government’s decision to implement excise tax has led to a sharp decline in the value of tobacco trade in Abu Dhabi.
According to the emirate’s Statistics Centre, the overall trade of raw and manufactured tobacco products dropped to AED 62.4 million last year, compared to AED 410 million in 2017.
The UAE began applying excise tax on certain goods in October 2017.
It increased the cost of carbonated drinks by 50 per cent and doubled the price of tobacco and energy drinks.
DXB and DWC boost winter schedules with new routes
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon in talks to invest in OpenAI
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
DXB to welcome over 4.2 million guests over next two weeks
Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.
UAE, India review strategic partnership during joint sessions in Abu Dhabi
The UAE and India have reviewed the progress of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries that aim to advance bilateral trade towards a shared goal of $100 billion.
Mubadala, Barings launch $500 million global real estate debt partnership
Abu Dhabi-based Mubadala Investment Company and global investment manager Barings have announced the launch of a $500 million global real estate debt partnership.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated Qatar's Emir Sheikh Tamim bin Hamad Al Thani on the country's National Day, highlighting the two nations' "deep rooted partnership".
Dubai authorities are urging the public to take precautions as unstable weather is forecast from Wednesday, December 17, through to Friday, December 19.
The UAE’s humanitarian mission in the Gaza Strip is stepping up relief efforts as winter storms worsen conditions for displaced families.
