Dubai kicked off the new year by scrapping a 30% tax on alcohol sales and making liquor licenses free, in an apparent move to bolster its status as the Middle East’s leading business and tourism hub.
Liquor is widely available in Dubai. But a pint of beer can cost more than $15 at restaurants, while bottles of wine can start at more than $100. That’s prompted many residents to drive to other emirates like Umm Al Quwain, about 80 kilometers from Dubai, where prices are much cheaper. Both firms said liquor licenses, which cost about $70 a year, will now be free. They’ll still be needed because the United Arab Emirates restricts Muslims from buying alcohol.Expatriates make up more than 80% of the 10-million population in the UAE, of which Dubai is the biggest city. The country’s government is planning to attract millions more in the coming decades.
Alcohol is still completely banned in Saudi Arabia. In other regional countries including Qatar and Oman, it is heavily taxed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
_Business Dubai you ROCK 👍👏🏻
_Business So buggar your religion for money nice one
_Business Now give lgbtq people rights
_Business Oh wow!!! These people have a plan and purpose, and they have willpower to make it happen!! ….putting religious beliefs aside, in order for their nation to prosper!!
_Business The United Arab Emirates has 7 Emirates and Dubai was established to be the sin city type of emirate out of the 7 for Muslims
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA business: 21 burning questions that will be answered in 2023 | Business2023 looks set to be an eventful year in the South African business landscape. Here are some of the biggest developments you can expect. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
Jobs for Emiratis: UAE pushes work for own citizens | BusinessWith foreign workers making up the vast bulk of private sector jobs in the United Arab Emirates, the Gulf's second-largest economy wants to boost opportunities for its own citizens. | News24_Business _Business They better be careful, that's considered xenophobic in one country I won't mention 🇿🇦 _Business Im sure they will be called anti immigrant for looking for their own citizens. If it was in SA all NGO'S and electronic&print media were going to have field day. Can I give my neighbour's child food and deny mine?
Source: News24 - 🏆 4. / 80 Read more »
CEF welcomes competition approval of stake in Saldanha LPG terminal | BusinessThe Central Energy Fund has welcomed the Competition Tribunal’s approval of the Strategic Fuel Fund's acquisition of a 60% stake in Avedia Energy, which includes the Liquified Petroleum Gas terminal in Saldanha, Cape Town. | News24_Business _Business What will this hold for our impoverished community? Why do they have the bottling plant in Cape Town and not Saldanha. We need jobs and local business opportunities. The Saldanha Bay Freeport should be at their disposal i.t.o benificiation BraEish moorkroof
Source: News24 - 🏆 4. / 80 Read more »
State of failure: Six companies hit by government deficiencies | Business2022 was a year of unprecedented load shedding, while SA businesses also had the headache of a deteriorating performance from rail operator Transnet, as well as generally problematic service delivery at a municipal level. | News24_Business _Business _Business cANCer _Business Say what it really is ! 'BLACK POWER FAILURE'
Source: News24 - 🏆 4. / 80 Read more »
Analysis | Why the outlook for investments is improving | BusinessWhile it feels like doom and gloom are abundant, so too are market opportunities, writes Victoria Reuvers. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
A sneaker designer is making R20 000 custom shoes... for horses | Business InsiderA tourist site for Lexington, Kentucky, hired sneaker designer Marcus Floyd to make custom shoes for the city's most beloved athletes: horses.
Source: BISouthAfrica - 🏆 34. / 51 Read more »