Dubai Headlines | May 2022

 Dubai Headlines - 2022 May

Dubai Residents get ready for 2 more upcoming long weekends this year, after EID AL FITR.

After the long Eid Al Fitr weekend which was 5 days for the private sector and 9 days for the public sector, (30 Apr till 9 May), there are high chances of residents will again enjoy two more long upcoming public weekend holidays in this year.

 According to the list of public holidays released by the UAE government, two more long weekends waiting ahead this year 2022. Which will be on Eid Al Adha, UAE Commemoration Day, and National Day.

The first of this long weekend will fall in the month of July 2022, it will be a four-day-long break assumed to befall from 09 July (SAT) till 12 July (TUE).

30 July (Islamic New Year) which is again falling on Saturday

30 November (Commemoration Day) – 02 December (UAE National Day)

 30-November (Wednesday) – 02 December (Friday) – Official days off for this as been listed

From December 1 till December 4, adding 30 November will make it a total of 5 days off.

 

Covid-19 cases drop the year's lowest with ZERO deaths in the last 2 Months – UAE Ministry of Health And Prevention (MoHAP).

Data released by the UAE Ministry of Health and Prevention (MoHAP), Shows since March 7 till date no covid-19 deaths have been reported, Number of cases also drastically decreases on an average from more than 450 Cases in the first week of the march now the ratio is less than 200.

 

Doctors claim the cases going down because of the nation's proactive measures such as conducting PCR tests and focusing more on the vaccination drive.

Emirati Businessman promises to pay Dh100, 000 to release indebt prisoner.

Indebt prisoners are those, who are unable to pay a court-ordered judgment and are kept behind the bars until they had worked off their debt via labor or secured outside funds to pay the balance.

Emirati businessman Yaqoob Ali promises to pay DH100, 000 to release such indebt prisoners. 

"Dubai Police always cooperate with philanthropists and charities to help people in the UAE. We help prisoners and people facing problems on humanitarian grounds. The money can help settle prisoners' financial dues and pay for their travel expenses after serving their jail terms," said Major General Dr. Mohammad Al Murr, Director of the general department of Human Rights at Dubai Police.

Dubai Mahzooz Lottery Doubles Second Prize to Dh2 Million for next draw.

Mahzooz announced they have increased the winning amount of the second prize of Dh1 million to Dh2 million for their next draw happening on 07 May 2022. The prize is doubled exclusively for this weekend’s draw in continuation of the Eid celebration.

 

Ongoing global crisis will continue leading to hike in UAE interest rates: Dubai financial gurus.

You can see a rise in interest rates in Dubai which will lead to an increase in the cost of living, in recent times we have noticed how the petrol price in Dubai went up and in upcoming global crises it’s expecting More to go up.

So how we can save ourselves from this inflation, we cannot ignore it. There are a few suggestions From experts which can save you from this inflation.

 

1)     1)  Budget yourself

Yes, budget plays a very vital role in these scenarios, from outdoor food to entertainment, from upgrading your house to your car you need to tighten up against your wallet.

 

This upcoming year is tough and one should not indulge his/her savings on such things until it's too needed or urgent.

 

2)    2) Finding high returns investments.

 

One of the best ways to stay ahead of inflation is to invest in equities over long term investment

And one should completely avoid the fixed deposit.

 

3)      3) NO – No to your credit card:

 

Interest rates are flying not your earnings,

 

4)      4) Avoid Expensive Show off shopping

 

5)      5) After investment Now Save

Saving is good but only after investment. Always remember without investment saving is useless it will not help you in coping with inflation. Price will increase and the value of your money will decrease.

reporter@dubaitimez.com