Concessional rate of duty @ 12.5% + Social Welfare Surcharge @ 1.25% applies for gold to Indian origin people if stays are for more than six months.
Watch: Dubai Customs busts attempt to smuggle over 12kg of drugs at airport
Inspection officers at the Passenger Operations Department at Dubai International Airport were able to detect the suspicious bags after they passed the x-ray machines that revealed an abnormal density …
Dubai Customs organizes awareness events in Breast Cancer Awareness Month 2022
As part of its social responsibility commitments, the Women’s Committee at Dubai Customs celebrated the Breast Cancer Awareness Month 2022 …
Gulf Stocks: Abu Dhabi tracks global shares lower; Dubai flat
In Abu Dhabi, the benchmark stock index slipped 0.2%, dragged down by a 0.4% drop in conglomerate International Holding Company …
UAE announces industrial deals worth $71m to support local production of medical equipment
The UAE has announced the signing of industrial deals worth Dh260 million ($70.79m) between major pharmaceutical and medical companies to manufacture medical equipment locally. Under the partnerships, …
How Much Gold Can You Bring From Dubai And What Are The Charges? Details Here
The rules also state that the weight of the gold (including ornaments) should not be more than 1 kg per person.
Bringing Gold From Dubai This Diwali? Details Here On Limit And Charges
Women prefer to get new gold jewellery, while many employers gift gold coins to their staff on Diwali. Besides the actual value of gold, buying it attracts taxes in India, increasing the overall price …
Abu Dhabi’s IHC launches offer to acquire up to 31.25% stake in Colombia’s Grupo Nutresa
The offer followed the investment major getting approval from the Colombian Superintendency of Finance for the stake bid Abu Dhabi’s IHC launches offer to acquire up to 31.25% stake in Colombia’s …
Silver Lake Backs Abu Dhabi Firm Bayanat’s $171 Million IPO
Bayanat, a geospatial and data analytics firm owned by Abu Dhabi’s G42, is set to raise $171 million in an initial public offering backed by US private equity firm Silver Lake and the United Arab …
UAE-based VUZ raises $20mln in Series B funding; Co-led by e&’s venture
International investors like Caruso Ventures and Vision VC Fund took part in the fundraising transaction, along with Dubai Future District Fund (DFDF), SRMG, Faith Capital, Panthera Capital, as well a …
Ex-Harrods boss Omar Fayed plans to bring space research business to UAE
Omar Fayed, son of Egyptian billionaire and former Harrods owner Mohamed Al-Fayed, is planning on launching a space research and manufacturing facility in the UAE, as he looks to expand his space and …
Oil import for 2023: BPC gets nod to buy 54 lakh tonnes
The Cabinet Committee on Economic Affairs yesterday granted Bangladesh Petroleum Corporation permission to import 54 lakh tonnes of oil next year in a bid to secure supply of the key commodity amid …
Rising costs the biggest threat to global food security, Abu Dhabi conference hears
Rising costs and excess waste are the biggest threats to global food security, an Abu Dhabi conference heard on Thursday. Saeed Al Ameri, director general of the Abu Dhabi Agriculture and Food Safety …
FinTech startup launches app for financial well-being
Dubai-based FinTech startup Crunch App has announced today (October 20, 2022) the launch of its mobile app ‘Crunch: Personal Finance’; a new personal finance management app that aims to empower …
Abu Dhabi authority confirms death of Afghan judge in Humanitarian City
GIUSEPPE CACACE Afghan evacuees in Abu Dhabi’s Humanitarian City following the fall of Kabul in August 2021. AFP . An Afghan living in a facility for evacuees in Abu Dhabi has …
Sharjah developer Arada raises $100m in tap of existing sukuk
The sukuk tap was priced at 99 cents on the dollar, yielding investors 8.386 per cent, the document showed. The order book size was not disclosed …
HSBC expands private banking in UAE to tap growing millionaire base
HSBC is expanding its existing private banking business in the UAE to cater to a growing high net worth investor base. The new private bank will cater to the needs of internationally-minded clients …