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.
World Bank approves $1.1 billion emergency financing for Bangladesh
The World Bank approved $1.1 billion in emergency financing for Bangladesh to help secure food supplies, support vulnerable households and businesses due to the rising prices of fertiliser, fuel and food from the Middle East conflict.
Abu Dhabi partners with Boehringer Ingelheim to advance precision medicine
The Department of Health - Abu Dhabi has signed a strategic partnership with global biopharmaceutical company Boehringer Ingelheim to accelerate research into precision medicine using the emirate's advanced genomics capabilities.
H.H. Sheikh Ahmed approves launch of business media platform
Dubai’s media strategy is entering a new phase, with a stronger focus on competitiveness, innovation and strengthening the emirate’s position as a global hub for content creation and business media.
Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt
Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.
Summer Davos ends with call to boost innovation and growth
Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.
The UAE Ministry of Defence has announced the death of soldier Issa Ghuloom Al Baloushi, who passed away during a training mission in the country on Saturday.
The UAE has expressed deep concern over the continued military escalation by the two warring parties in several areas of Sudan, including El Obeid, and the impact on civilians and the worsening humanitarian situation.
Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE is sending humanitarian aid to people affected by the ongoing crisis in Lebanon through the UAE Aid Agency.
