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.
Ambani's Jio IPO fully subscribed within hours in record Indian sale
Jio Platforms' $3.2 billion IPO was fully subscribed in less than two hours of public bidding on Wednesday, as investors flocked to India's largest share sale and the first from billionaire Mukesh Ambani's Reliance in two decades.
New agreement to support Hatta Sustainable Waterfalls project
Dubai Municipality will assume responsibility for the management, operation and development of facilities at the Hatta Sustainable Waterfalls project under a new agreement with Dubai Electricity and Water Authority (DEWA).
Dubai showcases sustainability and innovation at WETEX 2026
Dubai is hosting 3,000 exhibitors from 60 countries for the 28th edition of the Water, Energy, Technology and Environment Exhibition (WETEX).
UAE and France sign energy and AI deals at Abu Dhabi business dialogue
Emirati and French companies have signed a series of agreements covering energy, artificial intelligence and advanced technology at the UAE-France Business Dialogue in Abu Dhabi.
UAE job creation rebounds 4% in third quarter
Job creation in the UAE rose by 4 per cent in the third quarter of 2026, the strongest increase in the Gulf, according to a new report from recruitment firm Cooper Fitch.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has arrived in Athens to begin an official visit to Greece following an invitation from Greek Prime Minister Kyriakos Mitsotakis.
The UAE has formally nominated Minister of State Lana Zaki Nusseibeh as a candidate to become the next Secretary-General of the United Nations.
Motorists in Dubai will see revised speed limits on five key roads from November 1, with limits increasing on three streets and decreasing on two.
