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India to phase out 2,000 note after dud demonetisation drive

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India’s central bank has announced that it will start withdrawing 2,000-Rupee notes from circulation, although they will remain legal tender.

People will be asked to deposit 2,000-Rupee banknotes in their bank accounts or exchange them for smaller denominations between May 23 and September 30, the Reserve Bank of India said. They will be be able to exchange up to 20,000 Indian Rupees at a time to avoid inconveniences and chaos.

The Rs. 2,000 denomination banknote was introduced in November 2016, mainly to meet the currency requirement of the economy after the withdrawal of all Rs. 500 and Rs. 1,000 banknotes in circulation at that time.

The RBI said that the objective of introducing Rs. 2,000 banknotes was met once banknotes in other denominations became available in adequate quantities.

About 89 per cent of the Rs. 2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years.

It has also been observed that this denomination is not commonly used for transactions.

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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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