Latest news with #Dh7
Time of India
2 hours ago
- Automotive
- Time of India
How to get your hands one one of 350 exclusive Dubai number plates at auction this August
Dubai's RTA is auctioning 350 exclusive vehicle number plates this August, offering a chance to own a unique plate/ Representative Image TL;DR Dubai's Roads and Transport Authority (RTA) will auction 350 special number plates starting August 11. Plates include two, three, four, and five-digit options with codes from H to Z. Registration starts on August 4, and to join, you'll need to provide a Dh5,000 security cheque plus a Dh120 fee. Dubai is set to hold its 80th online auction for special vehicle number plates, giving car owners a chance to own a unique and sometimes highly valuable identifier for their vehicles. The auction will run from August 11 to August 15 and offer 350 exclusive plates across different categories. If you've ever wanted a license plate that stands out, this is an event to watch. The event is organized by the Dubai Roads and Transport Authority (RTA). Their auctions are well-known for featuring plates with combinations of two to five digits, and they often attract big bids, especially for shorter numbers. For instance, earlier in 2024, a two-digit plate (AA16) sold for over Dh7 million. So, these plates are not just numbers, they're status symbols and sometimes investment pieces. What Plates Are Available? This auction covers plates bearing the letters from H through Z, including numbers with two, three, four, and five digits. The plates can be used for private vehicles, classic cars, and motorcycles. The variety means there's something for almost every type of vehicle owner interested in personalizing their ride. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search Ads Search Now Undo How to Take Part If you want to join the auction, here's what you need to know: Registration: You can register starting August 4, and the registration stays open until the auction begins. Eligibility: You must hold a valid traffic file registered in Dubai. Fees: You'll need to submit a refundable Dh5,000 security cheque and pay a non-refundable participation fee of Dh120. Payment Locations: Pay either online through the RTA website or in person at their Customer Happiness Centres in Umm Ramool, Al Barsha, and Deira. Bidding and Payment Details Once you win a plate, you have ten working days to complete your payment. The payment methods vary depending on the amount: For amounts up to Dh50,000, you can pay in cash at authorized service centers. If you're paying more than Dh50,000, you'll need to use a certified cheque or credit card. All transactions include a 5% Value Added Tax (VAT). The RTA allows payments to be made either online or in person at Customer Happiness Centres. Why Bid on These Plates? Special number plates in Dubai have become more than just a way to register your car. They're seen as symbols of prestige. Many bidders participate hoping to get plates that stand out or might even increase in value over time. The lower the number, generally, the higher the price. That's why two-digit plates often fetch millions of dirhams. What you need to know Auction Date: August 11 to 15, 2025 Registration Opens: August 4 Number of Plates: 350 plates (codes H-Z) Participation Fee: Dh120 + refundable Dh5,000 cheque Payment Deadline: Within 10 working days after winning FAQs Q1: Can anyone participate in the auction? No, only those who have a valid traffic file registered in Dubai can take part. Q2: What happens if I don't complete the payment after winning? If payment isn't completed within 10 working days, the winning bid may be cancelled, and your security deposit forfeited. Q3: How do I register for the auction? You can register in person at RTA's Customer Happiness Centres or online through their official website.
Time of India
17 hours ago
- Automotive
- Time of India
UAE: 350 special Dubai number plates up for auction in August, key dates, eligibility, all you need to know
Dubai's RTA is auctioning 350 exclusive vehicle number plates this August, offering a chance to own a unique plate/ Representative Image TL;DR Dubai's Roads and Transport Authority (RTA) will auction 350 special number plates starting August 11. Plates include two, three, four, and five-digit options with codes from H to Z. Registration starts on August 4, and to join, you'll need to provide a Dh5,000 security cheque plus a Dh120 fee. Dubai is set to hold its 80th online auction for special vehicle number plates, giving car owners a chance to own a unique and sometimes highly valuable identifier for their vehicles. The auction will run from August 11 to August 15 and offer 350 exclusive plates across different categories. If you've ever wanted a license plate that stands out, this is an event to watch. The event is organized by the Dubai Roads and Transport Authority (RTA). Their auctions are well-known for featuring plates with combinations of two to five digits, and they often attract big bids, especially for shorter numbers. For instance, earlier in 2024, a two-digit plate (AA16) sold for over Dh7 million. So, these plates are not just numbers, they're status symbols and sometimes investment pieces. What Plates Are Available? This auction covers plates bearing the letters from H through Z, including numbers with two, three, four, and five digits. The plates can be used for private vehicles, classic cars, and motorcycles. The variety means there's something for almost every type of vehicle owner interested in personalizing their ride. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Some People Are Now Using Baking Soda on Their Scalp Read More Undo How to Take Part If you want to join the auction, here's what you need to know: Registration: You can register starting August 4, and the registration stays open until the auction begins. Eligibility: You must hold a valid traffic file registered in Dubai. Fees: You'll need to submit a refundable Dh5,000 security cheque and pay a non-refundable participation fee of Dh120. Payment Locations: Pay either online through the RTA website or in person at their Customer Happiness Centres in Umm Ramool, Al Barsha, and Deira. Bidding and Payment Details Once you win a plate, you have ten working days to complete your payment. The payment methods vary depending on the amount: For amounts up to Dh50,000, you can pay in cash at authorized service centers. If you're paying more than Dh50,000, you'll need to use a certified cheque or credit card. All transactions include a 5% Value Added Tax (VAT). The RTA allows payments to be made either online or in person at Customer Happiness Centres. Why Bid on These Plates? Special number plates in Dubai have become more than just a way to register your car. They're seen as symbols of prestige. Many bidders participate hoping to get plates that stand out or might even increase in value over time. The lower the number, generally, the higher the price. That's why two-digit plates often fetch millions of dirhams. What you need to know Auction Date: August 11 to 15, 2025 Registration Opens: August 4 Number of Plates: 350 plates (codes H-Z) Participation Fee: Dh120 + refundable Dh5,000 cheque Payment Deadline: Within 10 working days after winning FAQs Q1: Can anyone participate in the auction? No, only those who have a valid traffic file registered in Dubai can take part. Q2: What happens if I don't complete the payment after winning? If payment isn't completed within 10 working days, the winning bid may be cancelled, and your security deposit forfeited. Q3: How do I register for the auction? You can register in person at RTA's Customer Happiness Centres or online through their official website.
Time of India
01-07-2025
- Business
- Time of India
UAE gold prices: 22K gold hits Dh370+ today, last chance to lock in or wait for dip
UAE 22K gold crossed Dh370 on Tuesday, driven by global rate cut hopes and safe-haven demand/ Image: File Gold prices in Dubai have surged once again, crossing the Dh370-per-gram mark for 22K gold, a threshold that could prompt shoppers to rethink their buying plans. After weeks of relatively stable pricing that encouraged steady demand, this sharp increase is shifting market sentiment just as consumer confidence had begun to return. Gold Prices Climb Sharply: Current Rates and Recent Trends As of Tuesday afternoon, the retail gold price in Dubai for 22K gold has jumped more than Dh7 in just a matter of days. The rates now stand at: 24K gold: Dh403.75 per gram (≈ $110) 22K gold: Dh374.00 per gram (≈ $101.85) 21K gold: Dh358.25 per gram (≈ $97.60) 18K gold: Dh307.25 per gram (≈ $83.70) This upward move comes shortly after many UAE residents took advantage of prices around Dh365.75 ($99.60), locking in their purchases during what now appears to have been a brief window of stability. In recent weeks, jewellery retailers and the Gold Souk had seen increased footfall, with shoppers resuming purchases amid relatively calm pricing. But with gold now climbing sharply again, many potential buyers are likely to hold off in anticipation of a possible correction. Global Drivers Behind the Price Spike The price surge is not limited to the UAE. International spot gold prices climbed for a second consecutive day, reaching around $3,322 an ounce, up 0.6% on Tuesday in Asia, after rising 0.9% on Monday. Speaking to Gulf News , Vijay Valecha, Chief Investment Officer at Century Financial, attributed the rebound to multiple global pressures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sharp Design, Smoother Drives. Toyota Glanza Learn More Undo 'Despite recent losses from risk-off sentiment unwinding, gold has rebounded strongly after testing and bouncing off the long-term bullish trendline,' said Valecha. He further explained that market fears are being stoked by ongoing global uncertainties, including tensions in international trade and monetary policy decisions: 'Adding to gold's safe-haven appeal is the uncertainty surrounding trade deals with major countries, including President Trump's fresh tariff threats on Japan. With the Federal Reserve expected to cut interest rates later this year, gold is set to attract even more attention in the coming weeks,' Valecha added. Market watchers have noted that the recent strength in gold is also linked to macroeconomic cue, particularly speculation surrounding interest rate decisions by the U.S. Federal Reserve. Expectations of a rate cut have historically led to increased investor interest in non-yielding assets like gold. Market Sentiment: What Analysts and Traders Are Saying According to Vivek Dhar, an analyst at the Commonwealth Bank of Australia, gold remains one of the strongest-performing assets in the current global market environment. 'Despite recent losses, gold has the most short-term potential to gain if the US dollar continues to weaken,' Dhar wrote in a client note. Investors are also watching key upcoming indicators, including the U.S. jobs report and a July 9 tariff deadline, which could influence the short-term direction of gold. Many traders believe unless prices fall significantly below $3,200 an ounce, a major correction is unlikely. Market insiders have pointed out that gold prices have already gained more than 25% so far this year, and the commodity now sits less than $200 away from its all-time high set in April 2025. Some analysts saw last week's brief decline as a routine pause in an otherwise upward trend, supported by ongoing geopolitical tensions and inflationary concerns that continue to drive demand for safe-haven assets. What It Means for UAE Gold Buyers With gold nearing a new local peak, shoppers in the UAE face a familiar dilemma, buy now before prices climb further, or wait for a potential pullback? The recent spike may cause hesitation, especially for casual buyers or tourists. However, those who locked in purchases last week at Dh365.75 ($99.60) may have acted at the perfect time. Looking ahead, most analysts agree that while volatility is likely to continue, the bias remains toward further upside, particularly if U.S. rate cuts materialize or new geopolitical risks emerge. For now, the market is sending a clear signal: gold remains a safe-haven asset in turbulent times, and those who wait too long might end up paying more.
Time of India
24-06-2025
- Business
- Time of India
Gold prices in UAE continue to fall, with 22K lowest in weeks: A smart time to buy?
In the UAE, 22K gold dropped to Dh370.25 per gram, its lowest price since June 9/ Image: File Dubai's gold market witnessed a significant overnight plunge, with the price of 22K gold falling by Dh7 to Dh370.25 per gram, the lowest level since June 9, when it touched Dh369.75 briefly. Just eleven days earlier, on June 13, gold was selling for Dh383.50 per gram, meaning the current rate is Dh13.25 lower, a sizable dip in less than two weeks. Prices of other gold variants have followed suit: 24K gold dropped to Dh403.50 per gram, down from around Dh404 just the night before. 22K slipped further to Dh373.75 21K fell to Dh358.00 18K declined to Dh307.25 The downward trend in gold prices isn't isolated to the UAE.. In international markets, spot gold fell sharply by $80 an ounce, now trading around $3,299.92, a 2.4% drop as of early Tuesday. Gold futures for August delivery, which reflect what traders expect prices to be in the near future, also slid to $3,322.40 an ounce, roughly 3.8% below the record high reached on June 13. The slump didn't stop there. Prices dipped further later in the day, with spot gold dropping another 1.5% to $3,315.20, its lowest level since June 10. US gold futures followed suit, falling 1.8% to $3,330.80. On the technical side, which investors often watch to predict market movement, gold has now fallen below its 20-day average, a sign that the short-term trend has weakened. Another key indicator, the Relative Strength Index (RSI), also slipped below 50, something that hasn't happened since mid-May, when prices briefly dropped to $3,120. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Stocks for Monthly Dividends Seeking Alpha Read Now Undo While these signals can be complex, they generally point to a market that's losing upward momentum, at least for now. Why Is Gold Falling Now? This slump in gold prices comes amid a broader cooling of geopolitical tensions in the Middle East, one of the key drivers of gold's recent rally. A ceasefire agreement between Israel and Iran, announced by US President Donald Trump on his social media platform, is at the heart of this development. The announcement followed weeks of back-and-forth retaliatory strikes between the two nations, which had previously driven investors to gold as a safe haven. With fears of wider regional conflict now subsiding, investor appetite for gold is retreating. 'Gold retreated as haven demand ebbed after Trump said Israel and Iran had agreed to a ceasefire,' Saxo Bank analysts noted. Although the truce is considered fragile, with minor violations reportedly occurring, financial markets are currently pricing in a lower geopolitical risk, triggering the gold pullback. In addition, global investors are shifting back to riskier assets, contributing further to gold's downward pressure. What Experts Are Saying: Key Support Levels and Outlook Despite the current downturn, analysts are closely watching technical levels and broader economic signals to gauge gold's next move. 'While the pullback is controlled, $3,330 is a critical support level. A break below could signal a deeper correction,' said Daniela Sabin Hathorn, senior market analyst at She also noted that while the immediate outlook points to more downside risk, the long-term fundamentals remain intact, including continued geopolitical uncertainty and persistent inflation concerns, both of which support gold's appeal over time. Traders and analysts are also watching for signals from the US Federal Reserve. Fed Chair Jerome Powell's upcoming testimony is expected to offer cues on future US interest rates. Any signs of monetary easing could lend new support to gold prices by making non-yielding assets more attractive. What This Means for UAE Buyers For buyers in the UAE, whether investing in gold bars or purchasing jewellery, this price drop could represent a timely buying opportunity. A Dh13 per gram drop translates to significant savings on bulk purchases, especially with wedding season and gifting occasions on the horizon. However, experts urge caution and close attention to market signals. Gold has a history of rebounding quickly, especially when global uncertainties re-emerge. 'If geopolitical risks continue to ease, gold prices could soften more in the short term,' analysts said, highlighting the importance of timing purchases. In Summary Dubai 22K gold is down to Dh370.25/g, a Dh13.25 fall since June 13 Spot gold fell globally to $3,299.92/oz, down 2.4%, and as low as $3,315.20 later in the day Israel-Iran ceasefire announcement by President Trump eased safe-haven demand Critical support level at $3,330, with possible deeper correction if breached Fed policy signals may shift the trend again, offering potential new support For now, UAE shoppers might find value in today's prices, but should stay alert to fast-moving global events that could reverse this trend just as quickly.
Indian Express
21-06-2025
- Business
- Indian Express
Abu Dhabi court orders company to pay Dh110,400 in unpaid wages
An Abu Dhabi labour court has ordered a company to pay an employee Dh110,400 in unpaid wages after it delayed his start date and did not let him begin work, Khaleej Times reported. The First Instance Court said the amount covered four months and 18 days of salary. The man had signed a fixed-term contract that offered a basic salary of Dh7,200 and a total package of Dh24,000 per month. He filed a case asking for his pay from 11 November 2024 to 7 April 2025. According to court documents, the company kept delaying his start date, leaving him without pay during that period. A representative of the company appeared in court, submitted a defence, and asked that the case be transferred to the proper division. The court found that 'it was clear from the wage report, the employment contract, and the supporting documents submitted through the case management system that the delay in starting work was due to the employer,' Khaleej Times quoted from the ruling. The court also referred to the law, saying employers must pay wages on time. It said that wages are a worker's right and cannot be withheld without clear proof, such as a written waiver. The company argued that the man did not report to work and went on leave. But the court found no proof of this, saying there was no formal investigation into any absence. The man admitted to taking eight days off, which the court deducted from the final amount.
