Fuel Prices Low Down in UAE For November
Ministry of Energy announced revised fuel prices for the month of November. The per liter prices are respectively:
Super 98 – DHS 2.03 (down from 2.12 in October)
Special 95 – Dh1.92 (from Dh2.01 in October)
E Plus-91 at Dh1.85 (down from Dh1.94)
While petrol prices go low, diesel is set at Dh 2.11, a hike from Dh 2.10 in October.
Fuel prices are dependent on international crude oil prices. UAE has cut around 10 percent of their oil export in last two months in line with the OPEC (Organisation of the Petroleum Exporting Countries ) agreement. The Petroleum exporting countries came to an agreement to reduce output by 1.8 million barrels a day. Further, this agreement was extended for nine months in May to go until March 2018. The outcome of the strategy was that as of October 28 the Brent Crude, the global benchmark, gushed to above $60 a barrel for the first time in more than two years.
Dubai Gets its First E-Commerce City
‘Dubai CommerCity,’ an AED 2.7-billion, 2.1-million square feet joint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. The first free zone dedicated to MENA region constructed with the purpose of accelerating Dubai’s growth. The e-commerce market is expected to reach USD 20 billion by 2020. It will provide an environment that stimulates creativity and attracts more direct foreign investments.The goal is also to reduce carbon footprint by 25 percent by 2030.
[Related : Everything you need to know about iPhone X]
Apple’s iPhone X Models Go Out of Stock In UAE.
Even though the pre-orders have already begun in the UAE the model of iPhone X has been sold out already. The model will be available in the stores on Thursday, November 2, which is the company’s 10th anniversary. The websites of all the big retailers are showing the product to be out of stock. Whereas the regional e-commerce giants are showing partial availability of the product.