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.
UAE and Azerbaijan seal major economic partnership deal
The UAE and Azerbaijan have signed a Comprehensive Economic Partnership Agreement (CEPA), aimed at strengthening economic ties and driving mutual growth across key sectors.
UAE welcomes removal from EU financial crime watchlist
The UAE has welcomed its removal from the European Union’s list of high-risk third countries for money laundering and terrorist financing.
Emirates and Dubai Duty Free explore cryptocurrency payment option
In a major step toward digital innovation, Emirates Airline and Dubai Duty Free have signed separate Memorandums of Understanding (MoUs) with global cryptocurrency platform Crypto.com, aiming to explore the integration of crypto payments into their systems.
UAE, WEF unveil global platform for regulatory innovation
The UAE has launched a major global initiative to drive innovation in legislation.
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