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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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All you need to know about Yas Island’s new ticketless parking

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Visitors to some of Yas Island’s most popular destinations will soon experience a faster, cashless parking system.

Starting Monday, Yas Marina, Yas Bay Waterfront, and West Yas Plaza switched to a fully digital, barrier-free parking system that uses automatic number plate recognition (ANPR) technology to manage entry, exit and payments.

Here’s everything you need to know.

How does the new parking system work?

The new smart parking system, introduced in partnership with PARKONIC, uses cameras to automatically scan vehicle licence plates when drivers enter and leave participating parking areas.

There are:

  • No paper tickets.
  • No parking barriers.
  • No payment machines.
  • No need to stop when exiting.

Parking charges are calculated automatically based on the time your vehicle remains parked.

How much does parking cost?

Yas Bay Waterfront

  • Dh20 for the first hour.
  • Dh10 for each additional hour.

Visitors can also receive:

  • Up to 3 hours free when dining at participating restaurants.
  • Up to 6 hours free for gym or beach visitors, subject to validation.

Yas Marina

Parking rates are identical to Yas Bay Waterfront:

  • Dh20 for the first hour.
  • Dh10 for every additional hour.

Validated visitors can enjoy:

  • Up to 3 hours free at participating restaurants.
  • Up to 6 hours free for gym users.

West Yas Plaza

  • First hour free.
  • Dh10 for every additional hour after that.

How do you pay?

If your vehicle is linked to a Salik account, parking fees will be automatically deducted from your Salik wallet unless you’ve selected another payment method.

Drivers without a Salik account can pay by:

  • SMS
  • The official PARKONIC mobile app

Is parking charged every day?

Yes.

Unlike public parking systems operated by Dubai’s RTA or Abu Dhabi’s Mawafiq, PARKONIC-managed parking operates:

  • 24 hours a day
  • 7 days a week
  • Including weekends and public holidays

Why is Yas Island introducing digital parking?

The new system is designed to:

  • Reduce waiting times.
  • Eliminate queues at payment machines.
  • Offer a completely contactless parking experience.
  • Improve traffic flow at some of Yas Island’s busiest destinations.

With automatic licence plate recognition and seamless digital payments, visitors can spend less time parking and more time enjoying Yas Island’s attractions.

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Dubai RTA’s upgraded nol card: Everything you need to know

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Dubai’s Roads and Transport Authority (RTA) is giving the nol card its biggest upgrade since its launch in 2009, transforming it from a plastic travel card into a fully digital payment platform.

The new system is expected to be fully rolled out by the end of the first quarter of 2027. 

“The nol system upgrade project represents a strategic step within the comprehensive digital transformation journey pursued by the Roads and Transport Authority. It also constitutes a strategic investment in the future of digital services,” said  Al Tayer, Director General and Chairman of the Board of Directors of RTA.

Here’s everything you need to know.

Why is the nol card being upgraded?

The RTA is replacing the current card-based ticketing system with an Account-Based Ticketing (ABT) platform.

Unlike the existing system, which stores travel information on the physical card, the new technology stores customer information securely in a digital account. This allows passengers to manage their cards, payments and travel history online while supporting faster and more flexible payment options.

The upgrade is part of Dubai’s wider digital transformation strategy and aligns with global advances in digital payments and financial technology.

What are the new features?

The upgraded nol system will offer several new services, including:

  • Digital customer accounts linked to nol cards.
  • The ability to link multiple cards, including family members’ cards, under one account.
  • Automatic balance top-ups from linked bank accounts.
  • Online balance management.
  • Access to transaction history.
  • The ability to block lost or stolen cards remotely.

How will the rollout happen?

The project will be introduced in three phases.

Phase 1: QR code ticketing

Passengers will be able to buy and validate tickets using QR codes through digital platforms and mobile devices.

Phase 2: New-generation nol cards

A new version of the nol card will be launched, digitally linked to individual customer accounts for easier management and greater flexibility.

Phase 3: Bank cards and digital wallets

Passengers will be able to pay directly using:

  • Bank cards
  • Digital wallets
  • Other contactless payment methods

This will reduce the need to carry a physical nol card while making public transport payments quicker and more convenient.

Will the nol card be used outside public transport?

Yes. Once the project is completed, the upgraded nol card will function more like a bank card.

Customers will be able to use it not only across Dubai’s public transport network but also to make payments at retail stores and through digital payment channels across the UAE.

When will the upgrade be completed?

According to the RTA, the project is 72% complete, with all three phases scheduled for completion by the end of the first quarter of 2027.

Simplified payment system?

The new nol system is expected to:

  • Simplify fare payments.
  • Improve the passenger experience.
  • Support cashless and contactless payments.
  • Offer better account management.
  • Integrate multiple transport services into one payment ecosystem.
  • Expand the use of nol beyond transport into everyday retail payments.

The upgrade marks one of the biggest changes to Dubai’s public transport payment system since the nol card was first introduced more than 15 years ago.

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Abu Dhabi infrastructure boom explained: Roads, parks, bridges and smart city projects shaping the future

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Abu Dhabi is investing heavily in infrastructure as part of its long-term vision to build smarter, greener and more connected communities.

From new roads and bridges to parks, cycling tracks and smart city technology, the emirate is delivering projects designed to improve mobility, quality of life and economic growth.

Here’s a closer look at what’s happening.

What infrastructure projects were completed?

According to the Department of Municipalities and Transport (DMT), 31 infrastructure projects were completed across Abu Dhabi and its suburbs in 2025.

The projects included:

  • 89 parks
  • 85km of cycling tracks
  • Three tunnels
  • Two bridges
  • Eight major intersection upgrades
  • 800 street lighting poles
  • 105 bus shelters
  • 1,446 parking spaces
  • One traditional market

The DMT also opened 16 new parks in Al Shamkha, alongside new community parks in Al Falah and Mohammed Bin Zayed City.

How are the new roads improving traffic?

Several major transport projects have significantly reduced travel times.

Among the biggest upgrades:

  • Two new marine bridges linking Al Reem Island with Sheikh Khalifa Bin Zayed Road have cut peak-hour travel times by 60%, saving motorists around 15 minutes.
  • The expansion of Sheikha Salama Bint Butti Road reduced journey times from 17 minutes to nine minutes.
  • Improvements to Arabian Gulf Street reduced morning traffic delays by 80%.

What smart city technologies are being introduced?

Abu Dhabi is integrating digital technology into infrastructure planning and city management.

Recent initiatives include:

  • 10 smart parks equipped with around 1,000 sensors and 200 smart cameras.
  • The launch of Nabd, a real-time city modelling platform connected to 70 data sources and 15 integrated systems.
  • A citywide digital twin to support urban planning and monitor quality-of-life indicators.
  • Smart inspection vehicles that automatically detect maintenance and waste management issues.
  • Expansion of free Hala Wi-Fi across buses, parks and beaches.

How much is Abu Dhabi investing?

Infrastructure spending continues to grow.

In 2024, the Executive Council approved:

  • 144 new projects
  • Dh66 billion in investments
  • More than Dh59 billion allocated to housing and public utilities.

In 2026, the Abu Dhabi Projects and Infrastructure Centre (ADPIC) said it is managing:

  • More than 500 projects
  • Worth over Dh209 billion

These projects include roads, bridges, schools, hospitals, museums, residential communities, hotels and smart infrastructure.

Which areas are benefiting?

Infrastructure upgrades extend beyond Abu Dhabi Island to suburban communities, including:

  • Bani Yas
  • Mohammed Bin Zayed City
  • Khalifa City
  • Al Shamkha
  • Al Wathba
  • Al Falah
  • Al Riyadh
  • Al Shahama
  • Al Samha
  • Al Raha Beach

Projects include new roads, parking, parks, pedestrian pathways, landscaping and public facilities.

Why is Abu Dhabi investing so heavily?

The infrastructure programme aims to:

  • Reduce congestion and improve transport.
  • Support population growth.
  • Build sustainable and smart communities.
  • Expand parks and public spaces.
  • Improve quality of life.
  • Attract investment and strengthen the economy.
  • Prepare the emirate for future mobility and digital transformation.

Officials say the long-term goal is to create integrated communities where housing, transport, utilities, green spaces and digital infrastructure are developed together rather than separately.

With hundreds of projects underway and investments exceeding Dh209 billion, Abu Dhabi is continuing to expand its infrastructure network to support future growth while reinforcing its position as one of the region’s leading cities for sustainability, innovation and quality of life.

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