Latest news with #Dh2.70
Al Etihad
4 days ago
- Business
- Al Etihad
UAE telecom services trade up 4.3% to Dh10.2 billion in 2024
22 July 2025 10:37 ABU DHABI (WAM)The UAE's trade in telecommunication services increased by 4.3 percent in 2024, reaching Dh10.2 billion, compared to Dh9.8 billion in 2023, according to data released by the Federal Competitiveness and Statistics Centre (FCSC).This growth was largely driven by a strong performance in the fourth quarter of 2024, which recorded a year-on-year increase of 12.95 percent, bringing the quarterly trade value in telecom services to Dh2.70 data also revealed that telecom service exports rose by 6.49 percent in 2024 to Dh4.9 billion, while imports grew by 2.38 percent to Dh5.3 fourth quarter recorded the highest share of annual telecommunications trade at 26.45 percent, followed by the third quarter at 25.34 percent (Dh2.59 billion), the second quarter at 25.05 percent (Dh2.56 billion); and the first quarter at 23.17 percent (Dh2.37 billion).This robust performance underscores the strategic role of the telecom sector in supporting the UAE's digital economy, the expansion of e-commerce, and the development of technological is a government centre affiliated with the Ministry of Cabinet Affairs. FCSC was established to develop and enhance the UAE's performance in the areas of global competitiveness, statistics and data, and to support the country's journey in achieving UAE's Centennial Plan 2071.
Time of India
30-06-2025
- Business
- Time of India
UAE petrol and diesel prices for July 2025 announced: Check new rates
July fuel prices in the UAE have increased after remaining steady in June and May, which followed two months of consistent declines Petrol and diesel prices across the UAE will increase starting July 1, 2025, following a period of global oil market uncertainty and geopolitical tensions. This comes after two months of relative stability, with June prices holding steady at May's levels. Price Breakdown: What Motorists Will Pay in July The UAE's Fuel Price Committee announced the revised retail rates for July late this month. The new prices, effective from Monday, July 1, are as follows: Super 98 petrol: Dh2.70 per litre (up from Dh2.58 in June) Special 95 petrol: Dh2.58 per litre (up from Dh2.47 in June) E-Plus 91 petrol: Dh2.51 per litre (up from Dh2.39 in June) Diesel: Dh2.63 per litre (up from Dh2.45 in June) These increases mark a noticeable shift after fuel prices remained unchanged in June, following a slight rise in May and two months of consecutive declines prior to that. Global Tensions Driving Up Oil Prices The July price hike was largely anticipated due to rising global crude prices earlier in June. Market analysts had projected an upward pressure on fuel prices after a series of geopolitical events triggered a surge in oil rates. According to reports, the spike followed a sharp escalation in the Middle East after conflict broke out between Israel and Iran, prompting U.S. airstrikes on Iranian nuclear sites. These developments heightened fears of supply disruptions in the region, causing crude oil prices to rally. How UAE Fuel Prices Are Set The UAE deregulated fuel prices in August 2015, linking them to global oil market trends. Since then, petrol and diesel rates are revised monthly by the UAE's Fuel Price Committee, based on fluctuations in global crude prices. The revised prices are typically announced in the final days of each month and implemented from the 1st of the following month. This transparent pricing mechanism helps ensure that local retail rates reflect international energy market conditions, both up and down.
