Indian tourists and expats now have a reason to cheer as Dubai Duty Free stores have started accepting the Indian Rupee.
The currency can be used for shopping at all three terminals of Dubai International Airport and at Al Maktoum International.
Earlier, the rupee had to be converted into dirham, dollar or euro before making purchases.
Notes of 100, 200, 500 and 2,000 denominations are being accepted but the change will be handed out in UAE dirham.
Stocks gain with oil prices easing on optimism from possible ceasefire talks
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia moves to double fines for fuel gouging amid shortages
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf stocks mixed amid confusion over US-Iran talks
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
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.
Fallen debris from a ballistic missile interception has killed two people in Abu Dhabi, with three injuries reported and several cars damaged as authorities respond to the incident at Sweihan street on Thursday.
The UAE weather authorities have issued a yellow and orange alert with potential rainfall across several areas in the country on Thursday.
The UAE, alongside Kuwait, Bahrain, Saudi Arabia, Qatar, and Jordan, has released a joint statement condemning attacks "carried out by armed factions loyal to Iran from Iraq" to several countries in the region.
