BUSINESS | Dubai Economy: Gold And Jewellery Sector Shows Commitment To Consumer Protection

DUBAI – The gold and jewellery market, which is among the pillars of Dubai’s reputation as a global retail hub and shopping destination, continues to enjoy consumer confidence and remain a leading economic activity in the emirates.

Efforts by the Commercial Compliance and Consumer Protection, CCCP, sector at Dubai Economy to improve awareness over consumer rights, while also strengthening legal and regulatory compliance within the sector, have been instrumental in promoting the gold trade and enhancing the overall competitiveness in the emirates.

Gold and jewellery purchases accounted for hardly 0.5. percent of the total consumer complaints reveived in 2019, according to the annual report of Dubai Economy.

Mohammed Ali Rashed Lootah, CEO of CCCP, said that regulations and procedures put in place to maintain the attractiveness of the market and ensure the rights of merchants and consumers alike have complemented the growth of the local gold and jewellery sector.

‘We are keen to launch awareness campaigns targeting various groups of consumers. For example, we urge consumers purchasing jewellery to make sure of the price of gold the making charges, which varies according to the distinct designs of jewellery. Buyers should also be aware that the making charge will not be taken into account while reselling jewellery, as they are only acquiring the raw gold. If a piece of fewellery is redesigned or used to make a new item, then the value of the workmanship may be restores’, he said.

A merchant is not legally obliged to take back gold or jewellery already purchased. According to UAE law, a consumer is defined as anyone who receives goods or services in fulfillment of his or her personal needs. Therefore, those who wish to sell gold and jewellery are not considered consumers, and the merchant has the right to set condition for the buying process with the framework of commercial regulations and terms. As agreed upon between the two parties.


Saudi Arabia’s FII: World Leaders To Discuss Building A Strong Economy Post – Pandemic

MILAN – – World Leaders, former presidents, CEOs and heads of economy will be among those converging for Saudi Arabia’s fourth annual Future Investment Initiative (FII) Conference this week. Discussion about the future of global economies in a post – pandemic world are on the agenda. The event will feature over 140 speakers and will officially be opened … Continue reading Saudi Arabia’s FII: World Leaders To Discuss Building A Strong Economy Post – Pandemic

BREAKING NEWS | Saudi Crown Prince Announces New 5-Year Strategy For Kingdom’s Economy

JEDDAH – – Saudi Crown Prince Mohammed bin Salman on Sunday launched a new five – year strategy for the Kingdom’s sovereign wealth fund as Saudi Arabia drives toward achieving its Vision 2030 goal to diversify the economy away from dependence on oil. The Public Investment Fund (PIF) will pump at least $40 billion a … Continue reading BREAKING NEWS | Saudi Crown Prince Announces New 5-Year Strategy For Kingdom’s Economy

CORONAVIRUS ALERT | French Health Body Recommends Delaying Second Covid Shot To Six Weeks After First

PARIS – – France’s top health advisory body on Saturday recommended doubling the time between people being given the first and second Covid-19 vaccination to six weeks from three  in order to increase the number getting inoculated . The gap between the first and second injection in France is currently three weeks for people in … Continue reading CORONAVIRUS ALERT | French Health Body Recommends Delaying Second Covid Shot To Six Weeks After First

BREAKING NEWS | Police Round Up More Than 350 At Russia Protests Backing Jailed Kremlin Foe Navalny

Police detained more than 350 people across Russia on Saturday and broke up rallies around the country as protesters defied bitter cold and a ban by authorities to demand the release of jailed Kremlin critic Alexei Navalny. Navalny had called on his supporter to protest after being arrested last weekend as he returned to Moscow … Continue reading BREAKING NEWS | Police Round Up More Than 350 At Russia Protests Backing Jailed Kremlin Foe Navalny

BUSINESS | UAE Confirms It Inked $23 Billion To Buy F-35 Jets, Drones From U.S.

WASHINGTON – – The United Arab Emirates confirmed that it signed agreements with the United States on former President Donald Trump’s last full day in office to purchase up to 50 F-35 jets, 18 armed drones and other defense equipment in a deal worth $23 billion. The UAE embassy in Washington said in a statement … Continue reading BUSINESS | UAE Confirms It Inked $23 Billion To Buy F-35 Jets, Drones From U.S.

Breaking News | Saudi TV Says Missile Or Drone Intercepted Over Riyadh

RIYADH – – Saudi Arabia said Saturday it intercepted an apparent missile or drone attack over its capital, Riyadh, amid the kingdom’s yearlong war against neighbouring Yemen’s Houthi rebels.Social media users posted video of what appeared to be an explosion in the air over Riyadh. Saudi State TV quoted authorities in the kingdom acknowledging the … Continue reading Breaking News | Saudi TV Says Missile Or Drone Intercepted Over Riyadh

TRAVEL | Denmark Suspend Dubai Flights Amid Doubts Over Virus Tests

 DUBAI – Denmark has temporarily suspended all flights from the United Arab Emirates for five days after suspicion arose that the coronavirus tests that can be obtained before leaving Dubai are not reliable, authorities announced Friday. The development, which comes amid a surge of infections in the UAE, poses a direct challenge to the mass … Continue reading TRAVEL | Denmark Suspend Dubai Flights Amid Doubts Over Virus Tests

BUSINESS | Google Seals Content Payment Deal With French News Publishers

PARIS – – Google and a French publishers’ lobby said on Thursday they had agreed to a copyright framework for the U.S. tech giant to pay news publishers for content online, in a first for Europe.The move paves the way for individual licensing agreements for French publications, some of which have seen revenues drop with … Continue reading BUSINESS | Google Seals Content Payment Deal With French News Publishers

Business News | BioNTech Investors, Amid Worry Over Shortage, Vows Vaccines To Be Delivered For Second Shot

MILAN – European countries should use all available vaccine doses provided by biotech firm BioNTech and its partner Pfizer because there will be enough for the requisite second booster shot due to a planned production ramp – up, BioNTech’s largest investor said. Some countries were believed to be withholding some vaccines for fear of shortage … Continue reading Business News | BioNTech Investors, Amid Worry Over Shortage, Vows Vaccines To Be Delivered For Second Shot

BREAKING NEWS | Arab Coalition Thwarts Two Houthi Attacks

The Saudi – led coalition fighting against Yemen’s Houthi movement said it thwarted two attacks by the Houthis on Friday morning, including destroying an explosive – laden boat in the southern Red Sea, Saudi State TV said on Twitter. The coalition also intercepted and destroyed an explosive – laden drone launched by the Houthis toward … Continue reading BREAKING NEWS | Arab Coalition Thwarts Two Houthi Attacks

ARTS & CULTURE | Lebanon Return Two Stolen 18th – Century Religious Icons To Greece

ATHENS – – Lebanon handed back two 18th – century religious icons of Jesus and Mary to Greece on Tuesday after they were seized during an auction, a judicial sources said. The paintings were stole from an exhibition in Athens in 2016, and Greece put out an international notice calling for their return. Icons are … Continue reading ARTS & CULTURE | Lebanon Return Two Stolen 18th – Century Religious Icons To Greece

CORONAVIRUS | Saudi Arabia Reschedules COVID-19 Vaccinations Amid Pfizer Delay

RIYADH – – Saudi Arabia has rescheduled appointment for the administration of COVID-19 vaccine due Pfizer delivery delays, the Ministry of Health announced on Thursday in a tweet. Authorities said that those with appointments to receive their first dose will be rescheduled ‘due to the delay of the manufacturer in supplying the Kingdom and all … Continue reading CORONAVIRUS | Saudi Arabia Reschedules COVID-19 Vaccinations Amid Pfizer Delay

ENTERTAINMENT | Dubai Suspends Live Entertainment Permits As Covid-19 Cases Surge

MILAN – – Dubai has suspended live entertainment permits for hotels and restaurants amid a surge in COVID-19 cases according to an official circular issued by Dubai Tourism. ‘The Department observed, through field inspection, an increase in number violations during entertainment activities in hotels and restaurants. Accordingly. the Department directs all concerned in hotel establishments … Continue reading ENTERTAINMENT | Dubai Suspends Live Entertainment Permits As Covid-19 Cases Surge

BREAKING NEWS | Trump Pardons Ex – Aide Bannon But Not Himself Or Family

U.S. President Donald Trump granted clemency to former White House aide Steve Bannon as part of a wave of pardons and commutations issued in his final hours in office, but did not pardon himself, members of his family or lawyer Rudy Giuliani. Trump leaves office on Wednesday, when Joe Biden is sworn in as the … Continue reading BREAKING NEWS | Trump Pardons Ex – Aide Bannon But Not Himself Or Family

BREAKING NEWS | Saudi Crown Prince Receives Phone Call From French President Macron

RIYADH – – Saudi Arabia’s Crown Prince Mohammed bin Salman has received a phone call from French President Emmanuel Macron in which they discussed bilateral relations. ‘During the call, they reviewed relations between the two countries and opportunities for joint cooperation. Regional and international developments were discussed, and a number of issues of common interest … Continue reading BREAKING NEWS | Saudi Crown Prince Receives Phone Call From French President Macron

BREAKING NEWS | Saudi To Reopen Qatar Embassy In Coming Days – Saudi Minister

RIYADH – – Saudi Arabia expects to re-open its embassy in Qatar in the coming days, Saudi’s foreign minister said on Saturday, following a U.S.-backed détente last week in a three – year-old dispute between Arab states. It is just a matter a logistics, Saudi Arabia’s Foreign Minister Faisal bin Farhan told journalists in Riyadh … Continue reading BREAKING NEWS | Saudi To Reopen Qatar Embassy In Coming Days – Saudi Minister

SPORTS | Formula One Season Set To Start In Bahrain After Australian Grand Prix Postponement

MILAN – – The start of the Formula One season has been delayed after the Australian Grand Prix was postponed from March to November because of the COVID-19 pandemic.The Australian race in Melbourne has been rescheduled from March 21 to November 21. The Chinese GP has also been delayed but no new date has been … Continue reading SPORTS | Formula One Season Set To Start In Bahrain After Australian Grand Prix Postponement

BREAKING NEWS | Investments In Saudi Arabia’s Economy Will Reach Six Trillion Dollars: Crown Prince

AL ULA – – Saudi Arabia’s Crown Prince Mohammed bin Salman says major investment opportunities in Saudi Arabia will amount to six trillion dollars over the next ten years, including 3 trillion dollars in investments in new projects, within the framework of the opportunities provided by Vision 2030, reported Saudi Press Agency. Saudi Arabia’s Crown … Continue reading BREAKING NEWS | Investments In Saudi Arabia’s Economy Will Reach Six Trillion Dollars: Crown Prince

TRAVEL | Saudi Arabia Warns Citizens Against Travel To 12 Countries Without Approval Over Virus Fears

RIYADH – – Saudi Arabia warned on Wednesday its citizens against travel without prior approval to 12 countries where the coronavirus pandemic is still not under control.The Interior Ministry said the countries were Libya, Syria, Lebanon, Yemen, Iran, Turkey, Somalia, Armenia, Congo, Afghanistan, Venezuela and Belarus.It added that the same permission applies to other countries … Continue reading TRAVEL | Saudi Arabia Warns Citizens Against Travel To 12 Countries Without Approval Over Virus Fears

ROYALS | Oman Sultan’s Eldest Son Dhi Yazan To Succeed Him, Becoming First Crown Prince

RIYADH – – Oman’s Sultan Haitham will be succeeded by his eldest son Dhi Yazan, according to a new basic law published on Tuesday that creates a new position of crown prince and established succession from ruler to the eldest son. Sultan Haitham bin Tariq Al-Said has announced plans for the constitutional change on Monday, … Continue reading ROYALS | Oman Sultan’s Eldest Son Dhi Yazan To Succeed Him, Becoming First Crown Prince

SOCIAL MEDIA | YouTube Suspends Trump’s Channel After Violating Policy On Inciting Violence

Alphabet Inc.’s YouTube said on Tuesday it has suspended Donald Trump’s channel as it violated policies for inciting violence after last week’s assault on the U.S. Capitol by the president’s supporters. Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in the violence in Washington, … Continue reading SOCIAL MEDIA | YouTube Suspends Trump’s Channel After Violating Policy On Inciting Violence

BREAKING NEWS | Saudi Crown Prince Congratulates Romanian PM, On Winning President, Parliament Confidence

RIYADH – – HRH Prince Mohammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, has sent a cable of congratulations to Prime Minister of Romanian Florin Citu on obtaining the confidence of the Romanian President as well as the parliament for the office of the prime minister.  HRH … Continue reading BREAKING NEWS | Saudi Crown Prince Congratulates Romanian PM, On Winning President, Parliament Confidence

BREAKING NEWS | Saudi King Congratulates Romanian PM, on Winning President, Parliament Confidence

RIYADH — The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud sent a cable of congratulations to the Romanian Prime Minister Florin Citu, on obtaining the confidence of His Excellency Romanian President as well as the parliament for the office of the Prime Minister. In his cable, the King expressed sincere … Continue reading BREAKING NEWS | Saudi King Congratulates Romanian PM, on Winning President, Parliament Confidence

BREAKING NEWS | Saudi Arabia Welcomes Washington’s Designation Of Houthis As Terrorist

RIYADH – – Saudi Arabia welcomed on Monday the American admiration’s decision to designate the Iran – backed Houthi militias and their leaders as terrorist. In a statement, the Foreign Ministry said the move is in line with the ‘demands of the legitimate Yemeni government to rein in the Houthis over their violations that have … Continue reading BREAKING NEWS | Saudi Arabia Welcomes Washington’s Designation Of Houthis As Terrorist

NEWS ALERT | Oman To Get Its First Crown Prince In Constitutional Overhaul

MILAN – – Oman’s sultan announced on Monday  a constitutional shakeup that includes the appointment of crown price for the first time and new rules on how parliament will work, state media said. A new basic law issued by Sultan Haitham Bin Tariq al – Said also emphasizes the role of the state in guaranteeing … Continue reading NEWS ALERT | Oman To Get Its First Crown Prince In Constitutional Overhaul

BREAKING NEWS | Saudi Crown Prince Receives Italian FM in AlUla

AL ULA – – Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received in AlUla on Sunday Italian Foreign Minister Luigi Di Maio. Talks focused on bilateral relations and the promising opportunities to develop them in all fields. They also tackled regional and international dedvelopments. The meeting was attended by Saudi … Continue reading BREAKING NEWS | Saudi Crown Prince Receives Italian FM in AlUla

BREAKING NEWS | Saudi Arabia’s Crown Prince Reveals Project ‘The Line’ In Futuristic City Of NEOM

RIYADH – – Saudi Arabia’s Crown Prince Mohammed bin Salman and Chairman of the Board of Directors of NEOM, announce the launch of ‘THE LINE’ in the city of NEOM, which is a model for what urban societies can be like in the future, and a scheme that ensure a balance to live with nature. … Continue reading BREAKING NEWS | Saudi Arabia’s Crown Prince Reveals Project ‘The Line’ In Futuristic City Of NEOM

TRAVEL | Saudi Arabia To Resume International Travel, Lift Restrictions On March 31

Saudi Arabia will lift travel restrictions and resume international flights starting on March 31 following the suspension due to the coronavirus pandemic, the official Saudi Press Agency reported on Friday. All land and sea ports will also reopen allowing for the entry and exit of all nationals and residents, according to a statement from the … Continue reading TRAVEL | Saudi Arabia To Resume International Travel, Lift Restrictions On March 31

BREAKING NEWS | King Salman Receives The First Dose Of COVID-19 Vaccine

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received on Friday the first dose of the coronavirus vaccine. Health Minister Dr.Tawfiq Al-Rabiah thanked King Salman for providing all the support to meeting the needs and interests of Saudi citizens and residents since the beginning of the outbreak. He added that King Salman received … Continue reading BREAKING NEWS | King Salman Receives The First Dose Of COVID-19 Vaccine

SPORTS | FIFA President Meets Saudi Arabia’s Crown Prince Mohammed bin Salman

RIYADH – – Against the backdrop of a historic Gulf Cooperation Council summit that paved the way for regional reconciliation, FIFA President Gianni Infantino met with Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. The meeting was an opportunity to discuss the important role that football can play as a uniting factor … Continue reading SPORTS | FIFA President Meets Saudi Arabia’s Crown Prince Mohammed bin Salman

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