The Indian festival of Diwali is a major contributor to Dubai's jewellers.
That's according to Anilkumar Pethani, Director at Cara Jewellers, who estimates that 15 to 20 percent of their annul revenue comes from gold purchases during the celebrations.
Pethani told ARN that people save up all year round just to buy during Diwali.
Dubai South awards AED 2 billion contract for development of 'Hayat' project
Dubai South Properties has awarded a AED 2 billion contract for the development of multiple phases of the 'Hayat' project, a luxury master-planned community spanning 10 million square feet.
Australia to halve tax on fuel, underwrite spot cargoes
Australian Prime Minister Anthony Albanese has announced on Monday that the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help households cope with a surge in costs driven by the Iran war.
Business leaders affirm strength of Dubai's diversified economic model
Leaders of Business Groups operating under the Dubai Chamber of Commerce say the emirate continues to build on a strong and resilient economic model, driven by diversification, close public-private sector collaboration, and the ability to respond quickly to global change.
WTO advances world’s first digital trade rules despite opposition
A group of World Trade Organisation members agreed on Saturday to sidestep adoption hurdles for the world's first baseline on digital trade rules, opting to bring the agreement into force among consenting participants, the WTO said.
Abu Dhabi boosts transparency, governance in real estate sector
Abu Dhabi’s Department of Municipalities and Transport has issued a package of administrative decisions to strengthen transparency, governance and investor protection across the real estate sector.
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Pinoy Expat Corner
What inspired the establishment of the Filipino senior citizens group here in the UAE?
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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?
