Dubai: Dubai Electricity and Water Authority (DEWA) has installed a new 132 KV sub-station with a transmission capacity of 150 MW at Al Aweer and a 400 KV sub-station with a transmission capacity of 2000 MW at Jebel Ali. With this, the number of 400 KV substations in Dubai has increased to 27 and the number of 132 KV substations has increased to 333. Dewa has awarded contracts for 5 new substations in the populated areas of Wadi Al Amardi, Wadi Al Shabak, Nad Hessa, Al Khawaneej 2 and Al Aweer 1. Officials also informed that electricity can be delivered without loss of transmission in the emirate and uninterrupted supply of electricity.
Tag:
UAE News
Dubai Shopping Festival from December 15 to January 29 | Dubai Shopping Festival
written by Alexandra Hartman Editor-in-Chief
Dubai ∙ The Dubai Shopping Festival (DSF) will be held from December 15, 2022 to January 29, 2023. Entertainment, concerts, fashion exclusives, shopping deals, hotel offers, raffles etc. will be present in the 28th edition spanning 46 days. the
Organized by Dubai Festivals and Retail Establishment, the upcoming edition of DSF will also see the return of the popular retail concept Etisalat MOTB, the longest DSF drones light show at Burj Park and the Dubai Lights Exhibition.
Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment, said that the Dubai Shopping Festival is another opportunity for visitors from around the world to visit Dubai and enjoy the long-lasting shopping festival.
English Summary: Dubai Shopping Festival Date
Insurance for Job Loss in UAE; 60% of salary up to 3 months
written by Alexandra Hartman Editor-in-Chief
Dubai ∙ In the UAE, insurance has been introduced for those who lose their jobs. According to the Ministry of Human Resources and Indigenization, the scheme will provide 60 percent of the salary every month for up to three months following leaving the job.
This is a social security scheme for those who lose their jobs until they find a new job. Insurance can be taken through insurance companies licensed by the UAE Central Bank. The beneficiaries of the scheme will be those who have continuously worked for a company for 12 months. This period is decided from the date of insurance. 60 percent of the salary received up to three months.
The maximum monthly payout is AED 20,000. All public and private sector employees will be covered by insurance. But in case of dismissal due to disciplinary action, the amount will not be received. Entrepreneurs, domestic workers, temporary contract employees and those below 18 years of age are also not covered under the scheme.
Rupee Depreciation: Expats Grab Exchange Rate Benefit | Indian Rupee
written by Alexandra Hartman Editor-in-Chief
Abu Dhabi: Expatriates benefit from exchange rate depreciation in rupee. As it was time to get the salary, money exchange institutions were crowded with people who came to send money.
Due to this, there has been an increase of 20-25% in cash flow for a few days, various exchange officials have also informed.
The international market rate for one UAE dirham was Rs 22.55 yesterday. Other Gulf currency exchange rates yesterday were Saudi riyal 22.03, Qatari riyal 22.75, Omani riyal 214.21, Bahraini dinar 218.52 and Kuwaiti dinar 266.03.
But different money exchange institutions give 20-35 paise less than this rate to the customers of their respective countries.
Apart from the service charge, the variation in the profit share of each exchange is reflected in the rate difference.
If it’s an instant transfer that gets paid immediately, you’ll get 10–15 paise more. The same rate will continue today as it is an international market holiday.
Economists estimate that the concern that the US will raise interest rates in November and December and OPEC countries reducing their daily oil production will hit the rupee in the international market.