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Dubal Holding posts record Dh2.7b profits

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Dubal Holding (DH) is on an upswing and it has posted record high financial results for FY2021.

The company’s net profit went up to $735 million (Dh2.7 billion) compared to $59 million (Dh217 million) for the prior year.

The 1,145 per cent year-on-year growth in net profit is a huge achievement. It happened due to a combination of good operational performance, as well as record profits made by DUBAL Holding’s 50 per cent subsidiary, Emirates Global Aluminium (EGA), due to soaring global prices of aluminium in 2021, the firm pointed out.

Dubal Holding is the investment arm of Dubai Government in the commodities and mining, power, energy, and industrial sectors.

The company’s results were revealed during its annual general meeting held at the Dubai Electricity and Water Authority (Dewa). The meeting was presided over by Saeed Mohammed Al Tayer, the chairman of Dubal Holding.
He said: “We strive to achieve the directives of our wise leadership to strengthen the UAE and Dubai’s position in the global economy. Our wise leadership, with its vision that shapes the future, made an early investment in the aluminium industry.

“Today, this sector witnesses a strong demand and is powering new emerging industries, and assuming a bigger role in sustainable development. This strategic direction contributes to enhancing the competitiveness of the UAE in the global aluminum markets of the future.”

Vice chairman of Dubal Holding Abdulla Jassem Kalban said: “DUBAL Holding continues to play its vital twofold role by investing in high-yield, long-term projects that serve the national economy, on the one hand, and contribute to the UAE’s sustainability goals.”

Dubal Holding has been entrusted with overseeing a number of projects. One among them is the implementation of the Dubai Waste Management Centre at Warsan – one of the world’s largest waste-to-energy (WtE) plants – which will treat approximately 1.9 million tonnes of solid municipal waste per year and bring electricity to over 100,000 households.

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Dubai unveils Dh1 billion economic package to support tourism, businesses

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Dubai authorities have announced a series of business support measures aimed at strengthening resilience, easing financial pressures, and sustaining economic growth across key sectors.

The initiatives are part of a wider Dh1 billion economic incentive package unveiled by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy Prime Minister.

Relief for tourism and hospitality

To support hotels and tourism-related businesses, the government will allow:

  • Deferral of 100% of sales fees on rooms and food & beverage
  • Postponement of Tourism Dirham fees

These relief measures will be valid for three months starting April 1 and apply to:

  • Hotels
  • Hotel apartments
  • Holiday homes

The goal is to enhance liquidity and reduce short-term financial strain on the hospitality sector.

Wider support for businesses

Additional measures have been introduced across the broader economy, including fee deferrals for three months on:

  • Premium business names
  • Licence amendments
  • Newspaper announcements
  • Local service fees
  • Accommodation and waste management fees
  • Service improvement charges

These apply to both new business licences and renewals, with further updates expected after the three months.

Additional reforms

The broader package also includes:

  • Extended grace periods for customs data
  • Streamlined processes for issuing and renewing residency permits

Officials from the Dubai Department of Economy and Tourism emphasised that the emirate’s economic success is built on proactive policymaking and strong collaboration with industry stakeholders.

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Dubai announces a Dh1 billion boost: Here’s how it could change your job, business, and daily life

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Big changes are coming to Dubai, and they could directly affect your wallet, job opportunities, and even living conditions.

At a key meeting led by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, the Executive Council of Dubai approved a range of major initiatives aimed at supporting residents, businesses, and workers across the emirate.

Boost for businesses and residents

Dubai is rolling out a Dh1 billion support package starting April 2026. The goal? To ease financial pressure.

What does that mean in real life:

  • Businesses can delay paying some government fees
  • Hotels get more time to pay tourism-related charges
  • Companies get longer deadlines for customs payments
  • Residency processes will be made simpler

Dubai’s economy is still growing strong

Dubai’s economy grew by 5.4% in 2025, showing steady progress. Officials have also updated how this growth is measured to give a clearer, more accurate picture of the economy.

Easier trade, especially for high-value goods

A new initiative by Dubai Customs will make it much easier to bring goods—especially expensive items like artwork—into Dubai.

  • No customs duties on certain art imports
  • Fewer restrictions and faster processes
  • High-tech tracking systems

This move is aimed at attracting global investors and collectors.

More support for local families

The new Dubai Empowerment Strategy, led by Community Development Authority, focuses on:

  • Creating job opportunities
  • Supporting small businesses and home ventures
  • Improving financial stability for families

Better living conditions for workers

A new plan will improve worker housing across Dubai:

  • 100% access to essential services by 2033
  • Strict health and safety standards for accommodations


Whether you’re an employee, business owner, or investor, these changes are designed to make life easier, boost opportunities, and keep Dubai’s growth on track.

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UAE fuel prices surge for April: What the rise means for motorists and residents

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Fuel prices in the UAE have jumped sharply for April 2026, leaving drivers to rethink how they commute and manage daily expenses. Here’s a clear breakdown of what’s happening and how it affects you:

How big is the increase?

The latest revision by the UAE Fuel Price Committee marks one of the steepest monthly hikes in recent years:

  • Petrol prices are up 31% to 34%
  • Diesel has surged by over 72%

New rates (from April 1, 2026):

  • Super 98: Dh3.39/litre (up from Dh2.59)
  • Special 95: Dh3.28/litre (up from Dh2.48)
  • E-Plus: Dh3.20/litre (up from Dh2.40)
  • Diesel: Dh4.69/litre (up from Dh2.72)

Why are prices rising?

Fuel prices in the UAE have been deregulated since 2015, meaning they follow global oil markets rather than being fixed. Global oil prices have been rising ever since the war broke out on February 28.

  • Prices are adjusted monthly
  • Based on international crude and refined fuel costs
  • Benchmarks like Murban crude oil play a role

When global oil prices climb, local fuel costs follow.

How will motorists be affected?

Drivers are already preparing to adapt in several ways:

1. Higher daily commuting costs
Filling up a tank will now cost significantly more, especially for frequent drivers.

2. Changes in travel habits
Many motorists may:

  • Cut down on unnecessary trips
  • Combine errands
  • Plan routes more efficiently
  • Opt for EVs

3. Shift to alternatives
Expect a rise in:

  • Public transport use
  • Carpooling or ride-sharing
  • Remote work requests where possible

4. Increased cost of living
Higher diesel prices will push up:

  • Taxi fares
  • Home delivery charges
  • Goods transportation costs
  • Ride-hailing fares

This isn’t just about fuel pumps. The ripple effects will likely be felt across the economy, from groceries to logistics, as businesses pass on increased transport costs to consumers. The April fuel hike is a direct reflection of global oil trends, but for UAE motorists, it means immediate lifestyle adjustments and tighter monthly budgets.

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