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.
Australia, EU seal long-awaited trade deal
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising Strait of Hormuz is an act of economic terrorism: Sultan Al Jaber
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.
IEA consulting with governments on further oil stock releases, chief Birol says
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
Dollar rises as escalating Middle East tensions spur haven demand
The dollar rose on Monday as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets.
Business leaders highlight Dubai’s resilience amid global developments
Chairpersons of several country business councils operating under the Dubai Chamber of Commerce say the emirate is reinforcing its global reputation for resilience and agility amid global challenges.
Kahit May Mahal Ka Ng Iba
Mark Bautista
Hindi Magbabago (2014)
Piolo Pascual
Nais Ko
Ronnie Liang
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Expat Corner
What does someone working on a yacht usually do? Are they often out at sea, and how long do they usually stay there?
