GOLD IMPORT DUTY – COMMENT Quote from Mr. Shamlal Ahamed – MD – International Operations, Malabar Gold & Diamonds: ‘The recent announcement by the Indian Government to raise import duty to 12.5% from 7.5% is expected to make gold more expensive across India. This hike has increased the gold price difference between UAE and India. The gold price in GCC will get more attractive than in India with a saving of 12% – 15%. The weakening rupee will further increase the gold rate in India.
“India has raised its import duty by 5%. India is one of the largest gold consumers in the world and gold is part of Indian’s custom and tradition. Moreover, it is a safe haven investment, so this is not going to affect the demand for Gold in India. I believe that there is going to be enhanced demand for gold jewellery among customers from this region. Both resident and tourist’s customers will take this as another opportunity to buy gold from countries outside India.
Mr John Paul Alukkas, Managing Director – international Operations, Joyalukkas
‘Masala King — a Journey of Memoirs’ the autobiography ofDr. Dhananjay Datar launched in Dubai
In a glittering book launch, attended by the leading dignitaries living in the UAE, Dr. Dhananjay (Jay) Datar, Chairman & Managing Director, Al Adil Trading released his autobiography ‘Masala King – a Journey of Memoirs’ in the presence of Sri.Ramdas Athawale, Rajya Sabha member and Minister of State in the Ministry of Social Justice and Empowerment, veteran singer Mr.Suresh Wadkar and Mrs.Vadana Datar. The book talks about his professional and personal values in a highly successful journey spread over 38 years. Speaking on the sidelines of the launch, Dr. Datar said that he is guided by five core principles of success and they are Perseverance, hard work, integrity, etiquette and patience. “This book is my humble tribute to each and everyone who contributed to the success of Al Adil Trading that marks 38 years of its presence in the UAE and GCC.”
بشعار يتحدث عن الكثير من أصالة مطبخه ، باب المنصور هو مثال لمطعم فاخر حقيقي. تم إنشاء تراث باب المنصور وروعته انعكاسًا لاسمه نفسه ، فهو أحد أشهر المعالم التاريخية التي تم بناؤها في مدينة مكناس بأمر من السلطان مولاي إسماعيل في عام 1973 كإجلال متقن لنفسه ولأرثوذكسية المسلمين القوية من سلالته.
The newly-opened Hyatt Regency Dehradun offers a great retreat for GCC holidaymakers this summer
The 263-room urban resort, located at the foothills of Mussoorie,offers and array of distinctive food and beverage venues, immersive local experiences and recreation avenues for the entire family in all seasons