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.
ADNOC affirms commitment to meeting customer requirements despite challenges
ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
Meta ordered to pay $567 million in New Mexico for teen mental health fund
A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing.
UAE sets minimum excise price for e-cigarette liquids
The UAE Ministry of Finance has announced a new decision setting a minimum excise price for liquids used in electronic smoking devices and tools.
Meta apologises to India for restricting PM Modi's post
Meta Platforms' Chief Global Affairs Officer Joel Kaplan apologised to India's information technology minister for briefly restricting a post by Prime Minister Narendra Modi in July.
Dubai Duty Free to offer payment in cryptocurrency
Dubai Duty Free has become the first airport retailer in the Middle East to introduce the regulated digital payment solution Crypto Pay.
The UAE has declared Friday, August 28, as a holiday for public and private sector workers to mark the birthday of Prophet Muhammed (PBUH).
The Ministry of Climate Change and Environment has confirmed that UAE markets are free of lettuce products linked to the cyclosporiasis outbreak reported in some countries.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his Russian counterpart Vladimir Putin have discussed strengthening cooperation under the two countries' strategic partnership.
