The Indian festival of Diwali is a major contributor to Dubai's jewellers.
That's according to Anilkumar Pethani, Director at Cara Jewellers, who estimates that 15 to 20 percent of their annul revenue comes from gold purchases during the celebrations.
Pethani told ARN that people save up all year round just to buy during Diwali.
Emirates takes delivery of its first A350
Emirates is marking a major milestone today with the delivery of its first Airbus A350 aircraft.
Morgan Stanley to move regional HQ to Riyadh
US-based investment bank Morgan Stanley has acquired regulatory approval to move its regional headquarters to Riyadh as the Kingdom increasingly attracts global companies.
AD first in MENA to implement 'Enhanced Transparency Framework'
The Environment Agency – Abu Dhabi, (EAD) has announced that Abu Dhabi will be the first in the Middle East and North Africa (MENA) region to implement the Enhanced Transparency Framework (ETF) on a subnational level, following last year’s national level launch by the Ministry of Climate Change and Environment (MOCCAE).
COP29 unlocks international carbon markets
The COP29 Presidency announced on Saturday the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement.
Adani CFO says US charges linked to only one business contract
A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.
The world's largest mosaic art installation, the 'Zayed and Rashid Mural', has been unveiled in Hatta.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, will begin an official visit to Bahrain on Tuesday.
The Emirates Red Crescent (ERC) has launched its winter aid campaign, aiming to support 250,000 people worldwide, especially in countries hosting refugees.
