Connect with us

News

Oil pinch hurt growing in the UAE as Uber, Sharjah Taxi take cues

Published

on

Kumar Shyam

The pinch on the pockets of the UAE residents is starting to hurt badly by the day with rising oil prices and its knockon effects.

As soon as the petrol and diesel prices went up by at least 50 fils for the month of July, ride-hailing company Uber has followed suit.

The company sent out an email on Friday to inform about the fare hike. Uber would charge as much as 11 per cent extra for some trips, the American company added.

The hike is Uber’s second this year in the UAE, after a hike in March but the UAE’s market-linked price for the black gold has continued unabated. The country opted for a dynamic pricing with global trends in 2015. But Russia’s attack on Ukraine has messed all economies around the world.

Yet, petrol in UAE is three times more expensive than in Kuwait and almost double the average cost per litre in the six-member Gulf Cooperation Council, according to a Bloomberg report.

Dynamic pricing

Uber is not alone with Sharjah Taxi also deciding to base their fares with the rise or fall of fuel prices with this month.

The Sharjah Roads and Transport Authority (SRTA) said the meter flag down rate will be increased or decreased every month in direct co-relation with the prices. Petrol prices in the UAE have jumped over 56 per cent since January 2022.

_______________

Also read: UAE ranks first regionally and twelfth globally in growth potential
UAE petrol price to get costlier by 50 fils in July 2022
_______________

Early last month, Suhail Al Mazrouei, Minister of Energy and Infrastructure, had admitted that prices could go higher as Chinese demand is likely to recover significantly while efforts by Opec+ to raise production were not yielding results fast enough.

The latest data showed Opec+ was running 2.6 million barrels a day short of its production target, Mr Al Mazrouei said at the Middle East and North Africa-Europe Future Energy Dialogue in Jordan.

He expects China, the world’s biggest importer and second largest economy, which has been easing its coronavirus lockdowns, to “come with more consumption”.

“With the pace of consumption we have, we are nowhere near the peak because China is not back yet,” Mr Al Mazrouei said. “The situation is not very encouraging when it comes to the quantities that we can bring. We’re lagging by almost 2.6 million barrels a day and that’s a lot.”

 

Dubai most expensive city in the Gulf

Meanwhile, Dubai has been ranked among the world’s most expensive cities to live and work in for expatriates this year, according to the Cost of Living survey by Mercer.

Dubai-expensive The study, which looks at how the rising cost of living has impacted workers’ financial wellbeing in 227 cities worldwide, placed Dubai in the 31st position.

The emirate, which has been seeing a growing influx of millionaires and demand for property recently, emerged as the costliest city in the Gulf Cooperation Council (GCC) region, beating out the neighbouring cities of Riyadh, which landed in the 103rd position, Jeddah (111th place), Manama (117), Muscat (119), Kuwait City (131) and Doha (133).

Business

Dubai’s Jebel Ali Racecourse to become a green urban neighbourhood with parks, homes and walkways

Published

on

Big changes are coming to Jebel Ali as the historic racecourse is set to be transformed into a walkable neighbourhood filled with parks, homes, shops and community spaces.

The five-square-kilometre area will be developed under a master plan created by Bjarke Ingels Group (BIG) and backed by A.R.M Holding. The project, known as the A.R.M Holding Mega Project, will turn the former racetrack into a new “green district” that puts people, nature, and community at its heart.

What to expect

At the centre of the development will be a large central park that keeps the memory of the racetrack alive. Around it, a series of small, mixed-use neighbourhoods will be built – with homes, shops, offices, and parks all within walking distance. The idea is to let nature flow through the district, connecting the different areas like “urban islands in a sea of green.” The development is set to begin in 2026.

A city designed for well-being

The entire area will follow a “city-as-gym” concept where everything is walkable within five minutes, whether it’s your local park, a shop, your workplace or a community space. This setup aims to encourage an active lifestyle while improving public health and happiness.

The project also includes eco-friendly features like urban farms and passive cooling, supporting the goals of the Dubai 2040 Urban Master Plan. It will also include modern equestrian facilities to honour the area’s racing heritage.

Keeping it local

A key goal is to blend global design with local identity. A.R.M Holding says the community will reflect Emirati culture, values, and social needs, while also welcoming small local businesses to thrive within the neighbourhood.

“This masterplan will serve as a bridge for communication, understanding, and empathy – all of which are central to our vision of enabling prosperity,” said H.E. Mohammad Saeed Al Shehhi, CEO of A.R.M Holding.

The Jebel Ali redevelopment promises to offer a new kind of living experience in Dubai – one where green spaces, community, and culture come together.

Continue Reading

Crime

Dubai Police warn against phones after busting 3 criminal gangs

Published

on

Dubai Police have successfully dismantled three criminal gangs involved in phone scams that targeted residents by pretending to be official organisations. The operation, led by the Fraud Control Centre at the General Department of Criminal Investigation, led to the arrest of 13 individuals, all of Asian nationality.

The suspects posed as police officers and bank representatives, tricking victims into sharing sensitive financial details by claiming to update banking information, pay fines, or resolve residency issues. With this information, the gangs stole money from their victims.

The fraudsters used convincing methods to take advantage of people’s trust in government institutions. Authorities are warning the public to stay alert, reminding them that banks and police never ask for personal or banking details through phone calls, texts, or emails.

Residents are urged to report any suspicious messages or calls via the Dubai Police app or the official website at eCrime.ae.

Continue Reading

Health

Dubai unveils major upgrades for residents: Healthcare, education and family services

Published

on

From better healthcare and upgraded schools to smarter buildings and family-focused support, a range of new government policies is set to improve everyday life across Dubai.

Chairing a meeting of the Executive Council on Thursday, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE’s Deputy Prime Minister and Defence Minister, announced a series of people-first initiatives that aim to make Dubai healthier, smarter, and more family-friendly.

More Hospitals and healthcare centres

Dubai residents can expect three new hospitals and 33 primary care centres to open by 2033. These will be built in growing neighbourhoods like Al Yalayis, Al Awir, Hind City, Nad Al Sheba, Al Lisaili and Lehbab..

The project will be delivered through public-private partnerships, with incentives to attract both local and global healthcare investors. Residents can also look forward to:

  • Improved mental health services
  • Scholarships for Emirati medical professionals
  • International partnerships for top-tier care

Better Schools for Students

A new education policy will ensure all Emirati children in private schools are placed in institutions rated ‘Good’ or above by Dubai’s school regulator. That means:

  • Stronger academic standards
  • Expanded programmes to improve curriculum quality
  • More Emirati teachers in classrooms

One-Stop Support for Families

Dubai is also launching the Unified Centre for Family Care. This new hub will offer everything from family counselling to child protection and social services, with branches in Deira and Bur Dubai. The centre will also use digital tools to make it easier for families to access help when they need it most.

Smarter, Greener Buildings

The new Dubai Smart Buildings Policy aims to cut electricity and water usage while improving the quality of life for residents. Expect more eco-friendly, tech-enabled buildings designed to:

  • Reduce operational costs
  • Boost sustainability
  • Improve overall resident well-being

.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/