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Earth Hour 2022: Dubai saves 329mw of electricity

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Dubai Electricity and Water Authority (Dewa) recorded savings of 329 megawatts (mw) in electricity consumption in the Emirate during Earth Hour 2022, equivalent to a reduction of 132 tonnes of carbon dioxide emissions. These savings are 13 per cent higher than the 291mw savings recorded during Earth Hour 2021. This year’s savings are the biggest since 2008 when Earth Hour was first observed in Dubai.

Dubai residents joined millions worldwide in expressing their solidarity with efforts to reduce climate changes by turning off unnecessary lights and electric appliances during Earth Hour between 8.30pm and 9.30pm on Saturday, March 26, 2022. This year’s Earth Hour was held under the theme ‘Shape Our Future’. Dubai’s landmarks and government and private buildings also took part in the event by turning off their lights for an hour.

Saeed Mohammed Al Tayer, MD & CEO of Dewa, commended everyone who took part in the Earth Hour, emphasising that the goal goes beyond just turning off unnecessary lights and electric appliances for 60 minutes. Earth Hour aims to make electricity and water conservation a daily practice to cut carbon emissions and combat environmental challenges such as climate change and global warming.

“At Dewa, we work in line with the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy, which aims to provide 100 per cent of Dubai’s total power capacity from clean energy sources by 2050. We also raise awareness among society members on the importance of conservation and highlight sustainability practices that positively impact climate action. The results achieved during Earth Hour in Dubai every year underline the key role of society members in conservation and reduction of carbon footprint. The goal of Earth Hour is to encourage society members to adopt a conscious and responsible lifestyle to support national efforts to limit carbon emissions and protect natural resources to ensure their sustainability for generations to come,” said Al Tayer.
Khawla Al Mehairi, executive vice president of Strategy and Government Communications at Dew, said that Earth Hour is one of the most significant environmental initiatives that millions worldwide observe by turning off unnecessary lights, including key landmarks, from 8.30pm–9.30pm on the last Saturday of March. It highlights the importance of strict measures to combat Earth’s challenges, such as climate change and global warming. Dubai was the first Arab city to host Earth Hour activities in 2008.

Dewa’s buildings participated in Earth Hour by turning off unnecessary lights from 8.30pm to 9.30pm. This included Dewa’s pavilion at Expo 2020 Dubai, which also organised various activities, including traditional performances by the Emirati Al Harbiya band. Dewa’s conservation mascots, Noor and Hayat, also participated in the Earth Hour Switch-Off Parade at Expo 2020 Dubai. Additionally, Dewa organised Earth Hour competitions through its social media accounts, with valuable gifts for the participants.

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Small businesses in the UAE now have tax relief until 2029

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Small businesses in the UAE with annual revenues of up to Dh3 million will continue to be eligible for Small Business Relief under the corporate tax regime until the end of 2029.

The Ministry of Finance said on Friday that Ministerial Decision No. 131 extends the period during which eligible businesses can benefit from Small Business Relief to cover tax periods ending on or before December 31, 2029.

The relief was introduced to help reduce the corporate tax compliance burden for smaller businesses and start-ups that meet the eligibility requirements.

Dh3 million threshold remains unchanged

The existing annual revenue threshold of Dh3 million, set under Ministerial Decision No. 73 of 2023, will continue to apply.

The relief applies to tax periods beginning on or after June 1, 2023 and, following the latest amendment, will remain available for subsequent tax periods ending on or before December 31, 2029.

Eligible taxable persons with annual revenue of up to Dh3 million can claim Small Business Relief, subject to meeting the conditions and requirements outlined in the corporate tax legislation.

The relief enables qualifying businesses to benefit from simplified corporate tax compliance requirements.

More time for small businesses

The extension provides eligible small businesses and start-ups with additional tax periods to benefit from the relief while continuing to meet the Dh3 million revenue threshold.

The Ministry said the decision is part of its efforts to support smaller companies and entrepreneurs, strengthen the business environment, and encourage sustainable growth and expansion.

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UAE public holiday announced: 3-day weekend coming up on August 28

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Planning your next long weekend? The UAE has confirmed Friday, August 28, as a public holiday for employees in both the public and private sectors.

The holiday commemorates Prophet Muhammad’s (PBUH) birthday, an occasion included among the UAE’s official public holidays. As the date follows the Islamic calendar, the timing changes from year to year.

A three-day break for many residents

With the holiday falling on a Friday, employees who follow a Monday-to-Friday working week can enjoy three days off:

  • Friday, August 28: Public holiday
  • Saturday, August 29: Weekend
  • Sunday, August 30: Weekend

That means residents can make the most of the break with a short trip, a staycation or a relaxed weekend at home.

Another UAE holiday is coming

The next major public holiday on the UAE calendar will be Eid Al Etihad, with celebrations and the official holiday scheduled for December 2 and 3.

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What the UAE’s new vape excise price means for consumers and retailers

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The UAE Ministry of Finance has introduced a new rule that sets a minimum excise price for liquids used in electronic smoking devices.

Beginning September 1, vaping liquids will be subject to a minimum excise price of AED 1 per millilitre.

The ministry confirmed that the existing minimum excise prices for cigarettes, water pipe tobacco (shisha), and other tobacco products will remain unchanged.

According to the ministry, the decision aims to improve tax compliance, respond to developments in the tobacco and vaping industry, and create a more consistent pricing framework across tobacco and electronic smoking products.

The UAE will also continue applying its 100% excise tax on all tobacco products covered under the country’s excise tax regulations.

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