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

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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.

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

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This new Dubai bridge will cut travel times from 12 minutes to 3

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Dubai motorists can expect faster access to Dubai Harbour this summer as the Roads and Transport Authority (RTA) prepares to open a major new bridge that will dramatically cut travel times in the area.

The new bridge is expected to significantly ease congestion around Dubai Harbour and nearby communities.

RTA says the project will reduce travel times from around 12 minutes to just three minutes, while accommodating up to 6,000 vehicles per hour in both directions.

Now, nearly 90 per cent complete, the 1.5-km bridge features two lanes in each direction, providing direct entry and exit between Sheikh Zayed Road and Dubai Harbour.

First phase to open this month

The first phase of the bridge will open later this month, allowing traffic travelling from Sheikh Zayed Road, from both Deira and Jebel Ali directions, to access Dubai Harbour directly.

The second phase, scheduled for July, will open routes from Dubai Harbour towards Al Naseem Street, as well as connections to the intersection of King Salman bin Abdulaziz Al Saud Street and Al Naseem Street.

Connecting key areas

The bridge starts at Interchange 5 on Sheikh Zayed Road near the American University in Dubai and extends to Dubai Harbour Street.

The route passes through key intersections, including Al Naseem Street, Al Falak Street and King Salman bin Abdulaziz Al Saud Street, improving connectivity across one of Dubai’s busiest coastal districts.

Once fully operational, the bridge is expected to improve traffic flow, reduce congestion and support growing demand in Dubai Harbour and surrounding residential and tourism areas.

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Long weekend ahead: Dubai announces Hijri New Year break

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Dubai government employees will enjoy a public holiday on Monday, June 15, to mark the Islamic New Year (Hijri 1448 AH), authorities have confirmed.

The Dubai Government Human Resources Department (DGHR) announced that all government departments, entities and institutions will observe the holiday, with normal working hours resuming on Tuesday, June 16.

Three-Day weekend

As the holiday falls on a Monday, most Dubai government employees who follow a Saturday-Sunday weekend will benefit from a three-day break.

However, departments operating essential services or shift-based systems may adjust work schedules to ensure uninterrupted public services during the holiday period.

UAE-wide public holiday

The announcement follows confirmation from the UAE’s Federal Authority for Government Human Resources and the Ministry of Human Resources and Emiratisation, which declared June 15 an official holiday for both public and private sector employees across the country.

Sharjah residents get a 4-day break

For government employees and students in Sharjah, where the official weekend runs from Friday to Sunday, the holiday creates a four-day weekend.

DGHR extended its congratulations to the UAE leadership, citizens, residents and the wider Arab and Islamic world, wishing continued prosperity, progress and stability.

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Education

Dubai’s KHDA launches new councils giving parents and teachers a voice

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Parents and teachers in Dubai will soon have a direct role in shaping the future of education, following the launch of two new advisory councils by the Knowledge and Human Development Authority (KHDA).

Building on the success of the Dubai Students Council, KHDA has announced the creation of the Dubai Parents Council and Dubai Educators Council, both set to begin work at the start of the 2026-27 academic year.

Giving parents and teachers a voice

Each council will consist of 15 members selected through a transparent process and will serve as a formal platform for dialogue between the education community and regulators.

The initiative attracted strong interest, with KHDA receiving 152 applications for the Parents Council and 160 applications for the Educators Council, including submissions from Emirati parents and teachers across Dubai.

Supporting Dubai’s education vision

The new councils are designed to strengthen community participation in education and support the goals of Dubai’s Education 33 Strategy.

Members will have the opportunity to share ideas, highlight challenges and contribute recommendations on key issues affecting schools and early childhood centres across the emirate.

Focus on student success

The councils are expected to discuss a range of topics, including student wellbeing, inclusion, teaching quality, parental engagement and school-community partnerships.

KHDA said the move reflects its commitment to collaborative decision-making and aims to strengthen trust between families, educators and education authorities.

By formally including parents and teachers in the conversation, Dubai is taking another step towards creating a more inclusive and responsive education system that reflects the needs of its diverse school community.

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