K. Padmarajan, a 65-year-old tyre repair shop owner, began fighting elections in 1988 from Tamil Nadu state
This step aims to maintain UAE's high ranking in the ease of doing business indicators, and allows investors in gold, diamond and precious metals to conduct business with ease. The new VAT mechanism will contribute to stabilising the gold and diamond sector in the UAE as well as stimulating investment in this sector.
The law includes investments in precious metals such as gold, silver and platinum, used in trade in accordance with internationally accepted standards with a purity of 99 per cent or more.
This comes in the light of the many initiatives offered by the UAE to investors. It also provides the optimal environment, infrastructure and legislations necessary for growth and supports UAE's position as a global hub for trade.
The volume of gold trade in the UAE rose to Dh244.3 billion in 2016, with a growth rate of 13 per cent. The value of UAE's imports of gold amounted to Dh142.4 billion in the same year, while exports amounted to Dh75.9 billion, and re-export amounted to Dh26 billion.
The gold, diamond and precious metals sector is one of the vital national economic sectors and one of the most important for the economic diversification that is expected to witness significant growth in the coming period as part of the UAE's diversification objectives.
K. Padmarajan, a 65-year-old tyre repair shop owner, began fighting elections in 1988 from Tamil Nadu state
Certificate need to be presented at check-in for inspection prior to flying from Abu Dhabi, says airline
'I do not remember the last time I broke my fast with my family,' says the officer manning Al Mizher intersection
The emerging technology stands poised to transform logistics — providing swifter, more efficient, and eco-conscious delivery options in the years to come
Among other variants of yellow metal, 22K opened at Dh246.25, 21K at Dh238.25 and 18K at Dh204.25 per gram
The incident happened before the boarding started; all affected passengers had to be rebooked on another flight
Unleash your potential with CUD's blend of Canadian education and UAE's dynamic culture
MDX Dubai guides graduates to career success, with the University's largest ever cohort