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New laws imposed on gold imports

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New laws imposed on gold imports

Uae: New laws imposed on gold imports!! Fines have also been imposed on the violators. These fines can be upto Dh 5 million as well. However, this new policy will be effected from January 23.

The Ministry of Economy of UAE made the announcement on Thursday. According to the announcement, a new policy is imposed that requires proper monitoring of the sourcing of gold importers. Also, the violators as well as refiners will have to face a penalty. The authorities also added to their statement that the penalty can be upto Dh5 million.

However, these new regulations will be applicable for the companies related to the field of gold refining, precious metals and gemstones trade sector, recycling of gold products inside and outside the country. The companies and sectors mentioned should be classified as DNFBPs which is the designated non-financial business and professionals.

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New laws imposed on gold imports: Safeya Hashim Al Safi

Safeya Hashim Al Safi is the director of the Anti-Money Laundering Department in the Ministry of Economy. Safi made announcement about the new laws imposed on gold imports. According to her, the new law will be applied to the importers, refineries of gold and the comanies dealing with scrap gold as well as gold mining. She also said that the new policy will be applied to the companies that are situated in the UAE mainland. Also, the free zones will be a part of the new law imposed. These free zones are included to implement the AML/CFT that is the Anti-Money Laundering and Combating the Financing of Terrorism regime.

The new laws imposed on gold imports will come into force from Januray 2023. The policy will work in accordance with the gold protocols issued by the Organisation for Economic Co-operation and Development (OECD). The main motive of imposing such a law is to make it transparent from where the gold is beign sourced from.

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11 injured and 2 killed in traffic accidents, Dubai

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11 injured and 2 killed in traffic accidents ,Dubai. According to the police, incidents may have been prevented if drivers followed the law.

11 injured and 2 killed in traffic accidents, Dubai: Statement of Dubai Police


According to the Dubai Police https://www.dubaipolice.gov.ae/, few individuals were hurt in separate traffic incidents last Friday and Saturday. According to a senior officer, the accidents would have been averted if the drivers had followed the rules of the road.

On Al Ibdaa Street behind the Crowne Plaza Hotel, two automobiles collided on Saturday, leaving two people dead and four people gravely hurt. One of the vehicles’ driver made a U-turn without first making sure the route was free, which led to the accident.
In a different accident that occurred on Friday, a driver was hurt when his car rolled over in the middle of Al Khail Road near the Business Bay exit while he slept off behind the wheel.

Colonel Jumaa Salem bin Suwaidan


Colonel Jumaa Salem bin Suwaidan, acting director of the General Directorate of Traffic, claimed that a truck’s driver abruptly swerved off the lane and lost control, causing the vehicle to flip over on a bridge over Emirates Road. The incident left two people with light and slight injuries.
The motorcyclist was hurt in a collision between a motorcycle and a small car on Sheikh Mohamed bin Zayed Road close to the Dubai-Al Ain Bridge. The failure of the drivers to maintain a safe distance is what caused the accident.

Another accident on the Sheikh Zayed Road


Another accident on the Sheikh Zayed Road involved a woman who suffered moderate injuries after her car overturned due to an unexpected swerve.

Before Al Faya Bridge, on the Emirates Road, a truck and a pickup truck collided, injuring one of the drivers.

The Dubai Traffic Police officer issued a warning against speeding, unsafe overtaking, abrupt swerving, and distracted driving.

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Lulu launches a 3-day sale on 10,000 items in UAE

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Lulu launches a 3-day sale on 10,000 items in UAE

Lulu launches a 3-day sale on 10,000 items in UAE. In honour of Indian Independence Day.
The 235 hypermarkets in the GCC region of the retail giant will all offer discounts.
Lulu Group International, a UAE-based retail behemoth, has started a three-day deal on more than 10,000 Indian products throughout its 235 hypermarkets in the GCC region in honour of India’s Independence Day.

The “India Utsav” in Al Wahda Mall in Abu Dhabi was launched by Sunjay Sudhir, the Indian ambassador to the United Arab Emirates.

Lulu launches a 3-day sale on 10,000 items in UAE: What all ceremonies are performed?

Lulu launches a 3-day sale on 10,000 items in UAE


We are commemorating India’s 75th anniversary of freedom with a large “utsav.” I’m pleased that the Lulu Group’s “India Utsav” is being observed on this historic day. The celebrations here coincide with those taking place across the nation.

Colorful displays, cultural performances, achievements celebrations, and a host of other things.
Separately, the festival was launched at each Lulu hypermarket by the Indian ambassador to the GCC.

The ceremonies are a part of the “Azadi Ka Amrit Mahotsav” effort of the Indian government, according to Yusuffali M.A., chairman and managing director of Lulu Group International.

Lulu launches a 3-day sale on 10,000 items in UAE

We are marketing Indian goods, including taste and culture, to locals as well as the sizable expatriate population living in this area. I genuinely think that I have a duty and responsibility to do this, Yusuffali stated.

One of the biggest importers of goods from India is the Lulu Group, and all of its goods—fruits, vegetables, spices, meat, cuisine, and non-food items—will be shown during the three-day event.
India is a rising economic superpower, and Prime Minister Narendra Modi’s forward-thinking foreign policy has strengthened ties with the GCC and the UAE, which is now one of India’s most dependable trading partners.

I firmly believe that the LuLu Group can play a significant role in this vision of India’s future,” Yusuffali emphasised.

Lulu launches a 3-day sale on 10,000 items in UAE


Yusuffali is a successful example of an Indian national who, according to Sudhir, “is authoring not only his own destiny but others as well” by fostering employment opportunities, enhancing standard of living, and fostering economic growth.


I appreciate the Lulu Group https://www.lulugroupinternational.com/ for always highlighting India and Indian goods in its hypermarkets. Initiatives like this will undoubtedly help to promote trade links between India and the UAE, the envoy noted.

Lulu Hypermarkets are offering special discounts on more than 10,000 Indian goods, both food and non-food, as part of the “India Utsav” celebration.

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UAE-India flights: airline offers Independence Day Discounts

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UAE-India flights: airline offers Independence Day Discounts

UAE-India flights: airline offers Independence Day Discounts. UAE-India flights: airline offers Dh330 one-way tickets as part of its Independence Day Discounts.
Wherein, Passengers are permitted to check in 35 kg of baggage and 8 kg of hand luggage.

For travellers travelling to India, the national airline of India, Air India, has introduced a special Independence Day deal from all GCC stations.

The following are the payment and other details:-

UAE-India flights: airline offers Independence Day Discounts

Passengers will only need to pay Dh330 for airline tickets from the UAE to Delhi, Mumbai, and other significant Indian destinations.
Additionally, the airline offers reasonable one-way rates on all direct flights to any location in India from all Gulf Stations (apart from Oman) as part of the “One India One Fare” campaign.
The offer is available to passengers between August 8 and August 21, 2022.
All tickets purchased during the promotion period are eligible for a 35kg check-in baggage allowance and an 8kg hand luggage allowance for travel through October 15, 2022.

UAE-India flights: airline offers Independence Day Discount, The details regarding the validity of the discounts:-

UAE-India flights: airline offers Independence Day Discounts

UAE contribute 50% to flights operating in the Gulf and 56% to seats sold outside the Gulf, according to Air India regional manager PP Singh.https://in.linkedin.com/in/parminder-pal-singh-35866796
Air India, including Air India Express, operates 81,000 seats weekly in the Gulf.

The scheme’s limited seats would be made available to passengers on a first-come, first-served basis.
Moreover, these discounted rates would be accessible via the official travel agencies. As well as the Air India website and mobile app.

For the first time, Air India has developed such a compelling offer that is made available simultaneously from every station in the Gulf to India.
On Air India direct flights from each station, the one-way all-inclusive special prices are available.

Validity of discount: August 8 and August 21, 2022

Validity of travel till October 15, 2022.

Due to currency changes, prices may be bound to change too.

This is all about UAE-India flights: airline offers Independence Day Discounts.

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