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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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Think before you share: UAE reminds residents to only strictly official media guidelines

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Amid ongoing regional developments, the UAE National Media Council has reminded the public to strictly follow laws governing media content and information sharing.

Here’s what that actually means in practical terms.

Why is this being emphasised now

During sensitive periods, misinformation can spread quickly — especially on social media. Authorities say responsible media awareness helps protect public safety, maintain stability and prevent unnecessary panic.

What are you not allowed to do

According to official guidance, residents should:

  • Do not film, record or circulate videos, audio clips or images from unofficial sources
  • Avoid reposting rumours or unverified claims
  • Refrain from sharing content that could incite panic, harm public interest or violate someone’s privacy

Even forwarding unverified content can fall under this warning.

What can you share

You are encouraged to:

  • Rely only on verified updates from official UAE authorities and institutions
  • Share information issued through government channels
  • Use social media responsibly and thoughtfully

The key rule: if it’s not from an official source, don’t amplify it.

Are there consequences

Yes. Authorities have made clear that legal action will be taken against anyone found violating these instructions, in accordance with UAE law.

What if you have security concerns

Residents can report security-related concerns directly to the State Security Department via the official hotline.

Pause before posting. In fast-moving situations, responsible sharing protects both individuals and the wider community.









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UAE reassures residents: Food stocks strong, no need for panic buying

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Residents across the UAE have been reassured that food and essential goods remain widely available, with authorities confirming that strategic reserves are strong and supply chains are operating normally.

The Ministry of Economy said staple food items and non-food essentials are stocked in ample quantities across supermarkets and retail outlets nationwide. An advanced electronic monitoring system is in place to track inventory levels and prevent shortages before they occur.

Abdulla bin Touq Al Marri, Minister of Economy and Tourism, urged residents not to engage in panic buying or unnecessary stockpiling.

“We urge the public to remain reassured and not to be driven by unfounded concerns,” he said, stressing that safeguarding food security is a top national priority.

Officials confirmed there have been no unusual disruptions to imports, procurement, warehousing or distribution. Retailers across the country have also reported stable supply operations.

Authorities added that strict measures remain in place to prevent unjustified price increases and ensure continued market stability.

Shelves are stocked, systems are working, and there is no need for residents to buy more than usual.

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Loud booms heard across Dubai: Authorities reassure residents over successful air defence interception

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Residents across Dubai who heard loud sounds in various parts of the emirate have been reassured that the noises were the result of successful air defence interception operations.

In a statement carried by the Government of Dubai Media Office, authorities confirmed that defence systems had operated effectively and that relevant teams continue to monitor developments closely.

For many residents, the brief moment of uncertainty quickly gave way to reassurance as official clarification was issued.

Swift response, clear communication

Officials confirmed that specialised teams remain on alert and are taking all necessary measures to ensure the safety and security of the community.

The rapid communication and coordinated response reflect the emirate’s emphasis on preparedness and calm crisis management, a hallmark residents have come to rely on.

Across neighbourhoods, life continued as normal, with many businesses and public services operating without disruption.

Community confidence and vigilance

Authorities urged the public to rely exclusively on official sources for accurate information and to avoid spreading unverified reports.

Residents also played their part by sharing verified updates, checking on neighbours and maintaining composure.

This serves as a reminder of Dubai’s robust safety framework and the collective awareness of its diverse community.

Safety is the highest priority

Officials reiterated that safeguarding residents and visitors remains the highest priority. Monitoring efforts continue, and authorities remain prepared to act swiftly should circumstances require.

For Dubai’s residents, the message was clear: systems are in place, teams are prepared, and safety comes first.

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