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UAE doubles customs duty on steel until October 2026
The UAE has decided to extend the hike in customs duty on steel and steel coils from five per cent to 10 per cent till October next year. A Dubai Customs notification said that the custom duty increase on reinforcing steel and steel coils would
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India implements stricter rules for gold, silver imports from UAE
India’s offshore trade policy is shifting with the new restrictions on the semi manufactured and powdered forms of gold and silver. India plans to improve transparency and ensure compliance in the bilateral trade of precious metals with these
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UAE: Why petrol prices are likely to drop in May 2025
As a result of the US tariff dispute and fears of a global economic downturn, petrol prices in the UAE are set to decrease in May 2025 after considerably dropping in April 2025. In early April, the Brent price fell to $62.8 per barrel and stayed
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China to increase tariffs on US goods to 125%, up from 84%
China on Friday escalated its trade war with the United States by imposing additional tariffs of 125 per cent on US imports, directly
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UAE: Bharat Mart to open doors in 2026; initial phase to cover 1.3 million sqft
A big establishment showcasing Indian products will be made operational by end of 2026. Spread over more than 2.7 million sq. ft. of retail,
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Trump threatens further 50% tariff from April 9 if China doesn't drop hike
President Donald Trump on Monday threatened vast additional taxes on items from China if they did not withdraw a retaliation plan, including that
Read MoreDubai: Gold prices slip in early trade, losing gains from previous day
The Dubai markets witnessed gold prices decline during Wednesday morning's opening hours after previous gains from Tuesday. According to the Dubai Jewellery Group data 24K traded at Dh351.25 per gram during Wednesday morning sessions
Read MoreDubai: Gold prices rise Dh1 per gram in early trade, start the week positively
Gold prices went up Dh1 per gram during market opening in Dubai on Monday. At 9am UAE time 24K reached Dh345.5 per gram which represented a rise from Dh344.5 per gram when markets closed over the weekend. The 22K variant started at Dh321.5 per
Read MoreWill GCC get caught in a global trade war crossfire?
Economists and market analysts warn GCC countries may become entangled in President Donald Trump's expanding global trade war. They warned that GCC countries could face major disruption since they depend heavily on trade and foreign
Read MoreDubai: Gold prices dip in early trade
Gold ended lower at the open of the markets today on the first day of trading. The 24K version was at Dh318 per gram as of 9am UAE time from Dh318.25 per gram at the close of the markets over the weekend. Whereas 22K stood firm at
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