
Dubai Announces Massive 12-Hour Sale With Discounts Up To 90%
Starting July 18, GDSS will offer discounts of up to 90 per cent across Majid Al Futtaim malls.
The sale will run from 10 AM to 10 PM at Mall of the Emirates, City Centre Mirdif, City Centre Deira, City Centre Me'aisem, and My City Centre Al Barsha. More than 100 local and international brands will participate in the event.
Shoppers can purchase outfits, beauty cosmetics, home furnishings, electronics, and supermarket items during the sale.
The event marks the launch of GDSS, which runs from July 18 to August 10.
Customers who spend AED 300 or more at Mall of the Emirates, City Centre Mirdif, and City Centre Deira can win prizes through a prize wheel.
Fashion, accessories, and food and beverage shoppers can receive 5 per cent cashback through the SHARE app by scanning receipts.
Mall of the Emirates customers can earn up to 20X SHARE points on purchases of AED 2,000 or more in a single transaction.
The GDSS includes a 'Shop, Scan and Win' promotion during the same time period. Shoppers who spend AED 300 or more at participating stores can scan receipts to enter a prize draw for AED 1 million in cash or a Nissan Patrol.
Skywards Everyday members can earn 25 per cent bonus Miles on transactions through Skywards Everyday and Skywards Miles Mall.
Members can also win a share of 1 million miles on purchases of AED 100 or more at Skywards Everyday partners and Skywards Miles Mall UAE.
Dubai Summer Surprises 2025 is supported by Commercial Bank of Dubai as a key sponsor. Strategic partners include Al Futtaim Malls, Al Zarooni Group, AW Rostamani Group, DHAM, Emirates Airline, ENOC, e&, Majid Al Futtaim, Merex Investment, and talabat.
The festival runs for 66 days from June 27 to August 31, featuring three shopping seasons: Summer Holiday Offers (June 27 to July 17), Great Dubai Summer Sale (July 18 to August 10), and Back to School (August 11 to 31).
Dubai Festivals and Retail Establishment (DFRE), an agency of the emirate's Department of Economy and Tourism, organises the event as part of positioning the city as a tourism destination.
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Gulf Insider
7 days ago
- Gulf Insider
Dubai Announces Massive 12-Hour Sale With Discounts Up To 90%
Dubai Summer Surprises (DSS) 2025 will launch its Great Dubai Summer Sale (GDSS) with a 12-hour sale. Starting July 18, GDSS will offer discounts of up to 90 per cent across Majid Al Futtaim malls. The sale will run from 10 AM to 10 PM at Mall of the Emirates, City Centre Mirdif, City Centre Deira, City Centre Me'aisem, and My City Centre Al Barsha. More than 100 local and international brands will participate in the event. Shoppers can purchase outfits, beauty cosmetics, home furnishings, electronics, and supermarket items during the sale. The event marks the launch of GDSS, which runs from July 18 to August 10. Customers who spend AED 300 or more at Mall of the Emirates, City Centre Mirdif, and City Centre Deira can win prizes through a prize wheel. Fashion, accessories, and food and beverage shoppers can receive 5 per cent cashback through the SHARE app by scanning receipts. Mall of the Emirates customers can earn up to 20X SHARE points on purchases of AED 2,000 or more in a single transaction. The GDSS includes a 'Shop, Scan and Win' promotion during the same time period. Shoppers who spend AED 300 or more at participating stores can scan receipts to enter a prize draw for AED 1 million in cash or a Nissan Patrol. Skywards Everyday members can earn 25 per cent bonus Miles on transactions through Skywards Everyday and Skywards Miles Mall. Members can also win a share of 1 million miles on purchases of AED 100 or more at Skywards Everyday partners and Skywards Miles Mall UAE. Dubai Summer Surprises 2025 is supported by Commercial Bank of Dubai as a key sponsor. Strategic partners include Al Futtaim Malls, Al Zarooni Group, AW Rostamani Group, DHAM, Emirates Airline, ENOC, e&, Majid Al Futtaim, Merex Investment, and talabat. The festival runs for 66 days from June 27 to August 31, featuring three shopping seasons: Summer Holiday Offers (June 27 to July 17), Great Dubai Summer Sale (July 18 to August 10), and Back to School (August 11 to 31). Dubai Festivals and Retail Establishment (DFRE), an agency of the emirate's Department of Economy and Tourism, organises the event as part of positioning the city as a tourism destination.


Gulf Insider
16-07-2025
- Gulf Insider
Why India's Rich Are Heading Abroad
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However, a concerted effort by the Indian government is rapidly pushing economic activities into the formal sector, with direct implications for tax compliance and recovery. Central to this is the Unified Payments Interface (UPI), which processed 185.8 billion transactions worth ₹261 lakh crore in FY 2024–25, a 41% increase from the previous year, according to the Reserve Bank of India (RBI). Every UPI transaction is linked to a PAN, creating digital trails for tax authorities. This has made income harder to conceal, leading to greater measures include: Goods and Services Tax (GST): Unified tax structure with digital tracking via e-invoicing and e-way bills. JAM Trinity: Jan Dhan, Aadhaar and Mobile systems that tie identity to financial transactions. Udyam Portal: Simplified registration for MSMEs, broadening the tax base. 3. Cryptocurrency crackdown The Indian government has significantly escalated its formalisation efforts concerning emerging asset classes, particularly cryptocurrencies, which are now legally recognised as 'Virtual Digital Assets' (VDAs). This regulatory shift, implemented through a series of measures, aims to integrate the crypto ecosystem into the nation's broader financial and tax framework. Key to this strategy are strict taxation policies and enhanced regulatory oversight under the Prevention of Money Laundering Act (PMLA). Specifically, a flat 30% capital gains tax is levied on profits from VDA transfers, irrespective of the holding period, with no provisions for offsetting losses against gains or other income. Furthermore, a 1% Tax Deducted at Source (TDS) is applied to VDA transactions exceeding ₹50,000 (or ₹10,000 for specific entities) on the total sale consideration, rather than just the profit. These tax mandates have severely impacted the profitability of crypto investments and trading domestically. The inability to adjust for losses combined with the TDS on gross transaction value has rendered the Indian crypto market economically challenging for many large-scale investors and high-frequency traders. The cumulative effect of these stringent tax and regulatory policies has been a discernible shift in crypto trading volume and capital away from Indian platforms towards offshore exchanges. Wealthy individuals, seeking environments with lower tax burdens and less restrictive regulations on their digital assets, are increasingly exploring international avenues. 4. Global mobility and lifestyle aspirationsAccording to a survey by Kotak Private in partnership with EY, 22% of ultra-rich Indians expressed a desire to leave the country for better living standards, healthcare, education, and ease of doing business. Many also seek visa-free travel, which Indian passports currently do not offer at the same level as European or Caribbean counterparts. While domestic pressures contribute to the outflow, powerful 'pull factors' from abroad, particularly attractive residency and citizenship-by-investment (CBI) programs, play a significant role. Countries offering zero or low personal income tax, capital gains tax, and inheritance tax are highly desirable. The UAE stands out as a prime example, with its zero personal income tax, no capital gains tax, and no inheritance tax, making it a leading choice for wealth preservation. Additionally, jurisdictions such as Portugal, Singapore and the UAE offer attractive regimes for estate planning, making them prime options for intergenerational wealth transfer. UAEWith its zero-tax regime, quality of life and efficient Golden Visa programme, the UAE remains the top destination for Indian HNWIs. USAThe US remains popular, especially through the EB-5 visa route. A new entrant, the Trump 'Gold Card', has also generated buzz. Click here to read more Also read: India Launches E-Visa For Kuwait From July 14: 5-Year Tourist Visas Available Source The Economic Times


Daily Tribune
15-07-2025
- Daily Tribune
Ghaith Al Ghaith Honoured for Leadership at Prestigious Global Airline Awards
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