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November fuel price drop in the UAE: What it means for your wallet and businesses

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The latest fuel price announcement in the UAE is good news for many drivers and businesses alike. Starting November 1, petrol prices will take a slight dip, offering some relief at the pump after months of stability or gradual increases. 

For everyday motorists, this means lower fuel expenses every time they fill up, which could add up to significant savings over the month.

Savings for residents

For those who commute daily, especially in busy cities like Dubai and Abu Dhabi, this drop could mean more money in your pocket to spend on other essentials or even a small treat, whether that’s dining out, shopping, or saving for other plans. 

With petrol prices dropping from around Dh2.77 to Dh2.63 for Super 98 and from Dh2.66 to Dh2.51 for Special 95, your monthly fuel bills could shrink noticeably, offering some breathing room in your household budget.

Benefit for businesses

Business owners, particularly in sectors like transport, delivery, and logistics, will also notice some benefits. Lower diesel prices – down to Dh2.67 from Dh2.71 – can help cut operating costs, easing pressures on freight charges and potentially keeping prices competitive. With fuel costs now reflecting a brief period of decline, there’s a chance that consumers and companies can enjoy more stability in their expenses.

This move aligns with the UAE government’s approach of adjusting fuel prices based on international oil market trends. It’s a clear sign that, despite global uncertainties and geopolitical tensions, the country is trying to ensure that fuel remains affordable for its residents while maintaining a sustainable economy.

Overall, these price cuts are very welcome, especially as the cost of living continues to influence people’s daily financial decisions. If petrol prices stay this low, it’s a win for everyone: motorists, families, and businesses, who will feel the positive impact on their monthly budgets.

Fuel rates applicable from November 1:

  • Super 98 petrol will cost Dh2.63 a litre, compared to Dh2.77 in October.
  • Special 95 petrol will cost Dh2.51 per litre, compared to the current rate of Dh2.66.
  • E-Plus 91 petrol will cost Dh2.44 a litre, compared to Dh2.58 a litre in October.
  • Diesel will be charged at Dh2.67 a litre, compared to the current rate of Dh2.71.

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

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Announcements

Royal Champs announce star-studded squad for Abu Dhabi T10 debut

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The Abu Dhabi T10 is set to welcome an exciting new entrant this season, Royal Champs, a team built on talent, tenacity and international flair. Led by cricketing legends and rising stars, the Royal Champs promise to bring a bold new energy to the fastest format of cricket.

The squad boasts a powerhouse lineup that blends global experience with emerging brilliance.

From England’s dynamic opener Jason Roy to Sri Lanka’s stalwart Angelo Mathews, Bangladesh’s talismanic all-rounder Shakib Al Hasan, and Australia’s explosive Daniel Sams — the Royal Champs are primed to make an immediate impact.

The team’s complete roster includes: Jason Roy, Angelo Mathews, Shakib Al Hasan, Chris Jordan, Daniel Sams, Mohammad Shehzad, Niroshan Dickwella, Rishi Dhawan, Liam Dawson, Brandon McMullen, Isuru Udana, Quentin Sampson, Rahul Chopra, Haider Razzaq, Zahid Ali, Kelvin Pitman, Vishen Halambage, Ziaur Rahman Sharifi, and Aaron Jones.

At the helm is Head Coach Sir Courtney Walsh, one of the most respected figures in world cricket, who brings decades of international experience, leadership and an unwavering belief in the game’s evolving dynamics. Head Coach Sir Courtney Walsh share, “The Royal Champs are more than just a new team, we are a statement of intent. This squad has the right mix of skill, fearlessness and adaptability to thrive in the high-octane T10 format. Our goal is simple — to play bold, entertain fans and compete with heart and integrity”

“T10 is redefining modern cricket, and the Royal Champs are here to be part of that evolution. Every player in this line-up brings something unique, and I believe our balance of experience and flair will make us a formidable force.” Head Coach Courtney Walsh added

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Announcements

UAE borrowing costs drop as Central Bank cuts base rate: What it means for businesses and residents

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Good news for UAE residents and businesses. The UAE Central Bank has just lowered its Base Rate by 25 basis points, from 4.15% to 3.90%, effective this Thursday. This move follows the US Federal Reserve’s recent decision to cut its interest rates, keeping things in sync because of the UAE’s currency peg to the US dollar.

What does this mean for you? Expect borrowing to get a bit cheaper. Whether you’re eyeing a new mortgage, a personal loan, or business credit, the rates should ease up. In simple terms, monthly payments could get friendlier, especially for those with variable-rate loans.

This comes after the US Fed trimmed its federal funds rate to a range of 3.75% to 4%, hoping to support the job market and tackle stubborn inflation. The ripple effects are clear, softening employment numbers, and ongoing economic headwinds are pushing for these cuts.

Which sectors will benefit

For the UAE, lower interest rates could give a boost to sectors like real estate, tourism, and small businesses by making funding easier. But keep in mind, analysts say the impact might be modest unless the Fed decides to cut rates more aggressively in the future.

Why is the Fed making these rate cuts? Their goal is a tricky balance: tame inflation while keeping employment strong. With big companies cutting jobs and inflation still slightly above target, the Fed is playing it safe, using these rate cuts as insurance against a potential economic slowdown.

Future interest rates

Looking ahead, another cut might come in December, possibly bringing rates closer to 3% in 2026, but things could shift depending on economic data and new Fed leadership.

Stay tuned for more updates and how these changes could affect your wallet!

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Business

UAE’s AI market to hit Dh170 billion by 2030, powering region’s Dh610 billion artificial intelligence boom

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The UAE’s Artificial Intelligence (AI) market is on track to reach a record Dh170 billion ($46.3 billion) by 2030, according to new research from global consultancy Grand View Research (GVR), solidifying the nation’s position as a key driver of the region’s AI revolution.

The study projects that the MENA AI market, valued at Dh43.7 billion ($11.9 billion) in 2023, will surge nearly 15-fold to Dh610 billion ($166.3 billion) by 2030, growing at an annual rate of 44.8%.

“The Middle East, and especially the UAE, is no longer just an adopter of global AI technologies – it’s shaping its own playbook,” said Swayam Dash, Managing Director at Grand View Research. 

“Sovereign funds, innovation hubs, and forward-thinking policies like the UAE’s Strategic Plan 2031 are turning the region into a global testbed for AI-driven growth.”

Nearly three in four UAE companies have maintained or increased AI investments this year, particularly in healthcare, logistics, and finance. The report highlights that AI in Healthcare is expected to grow from Dh709 million in 2023 to Dh5.39 billion by 2030, while legal AI is forecast to triple to Dh446 million in the same period.

GVR’s findings underline that the UAE is now leading real-world AI integration across smart cities, urban mobility, and public services, supported by advancements in 5G, cloud, and IoT technologies.

The full Grand View Research MENA AI Market Report details how policy, data, and innovation are converging to shape one of the world’s most dynamic digital economies.

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