Latest news with #Dh2
Dubai Eye
2 days ago
- Business
- Dubai Eye
UAE introduces regulations on social media advertising under new system
Individuals advertising on social media will need to follow new rules under the UAE Media Council's latest comprehensive system that aims to "build public trust, protect audiences and improve the quality of online media content". That's according to an announcement from the UAE Media Council, which said it will also offer support to content creators through a three-year exemption from permit fees. The system aims to regulate, empower and stimulate growth in the media sector and builds on the Media Regulation Law and its Executive Regulation - issued last year. The Council will also implement an age rating system to ensure children and adolescents don't see "inappropriate" content. A new policy for licencing digital news platforms is also being developed that will establish "guidelines to enhance credibility, ensure adherence to journalistic standards, and promote responsible practices within a balanced legal framework". Those who caught violating the regulations could face warnings and fines of up to Dh1 million. With penalties doubled to Dh2 million for repeated violations. Additionally, temporary closure of up to six months or permanent closure may be enforced, along with the revocation of licences or permits. "The new system transforms the way the media sector is regulated and developed, as it combines updated legislation, comprehensive media services, and policies covering various sectors to enhance efficiency and sustainable growth," highlighted Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council. In addition, it emphasises resolutions on media service fees, violations and administrative penalties. The system is also prioritising Emirati talent and creative projects within the national media strategy, with fee exemptions for several media services to support local producers, writers and creatives, encouraging content that reflects national identity.
TAG 91.1
3 days ago
- Business
- TAG 91.1
UAE introduces regulations on social media advertising under new system
Individuals advertising on social media will need to follow new rules under the UAE Media Council's latest comprehensive system that aims to "build public trust, protect audiences and improve the quality of online media content". That's according to an announcement from the UAE Media Council, which said it will also offer support to content creators through a three-year exemption from permit fees. The system aims to regulate, empower and stimulate growth in the media sector and builds on the Media Regulation Law and its Executive Regulation - issued last year. The Council will also implement an age rating system to ensure children and adolescents don't see "inappropriate" content. A new policy for licencing digital news platforms is also being developed that will establish "guidelines to enhance credibility, ensure adherence to journalistic standards, and promote responsible practices within a balanced legal framework". Those who caught violating the regulations could face warnings and fines of up to Dh1 million. With penalties doubled to Dh2 million for repeated violations. Additionally, temporary closure of up to six months or permanent closure may be enforced, along with the revocation of licences or permits. "The new system transforms the way the media sector is regulated and developed, as it combines updated legislation, comprehensive media services, and policies covering various sectors to enhance efficiency and sustainable growth," highlighted Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council. In addition, it emphasises resolutions on media service fees, violations and administrative penalties. The system is also prioritising Emirati talent and creative projects within the national media strategy, with fee exemptions for several media services to support local producers, writers and creatives, encouraging content that reflects national identity.
Al Etihad
3 days ago
- Business
- Al Etihad
ADX market cap crosses Dh3 trillion mark again
29 May 2025 23:07 REDDY (ABU DHABI)The combined market capitalisation of all companies listed on the Abu Dhabi Securities Exchange (ADX) crossed the Dh3 trillion mark once again on the ADX market cap surpassed this milestone on February 10, 2025. At the close of trading on Thursday, the total market cap of companies listed on both the main and growth markets of ADX stood at Dh3.007 exchange first crossed the Dh2 trillion mark in June 2022, and it took nearly three years to reach the next significant threshold in February 2025. However, after briefly staying above Dh3 trillion, the market cap retreated due to volatile conditions triggered by tariff wars and geopolitical tensions. The recent rally in the markets has now pushed the valuation past the Dh3 trillion mark once has witnessed substantial growth in recent years, driven by a strong economy, increasing foreign investment, and a surge in initial public offerings (IPOs). In 2024 alone, 28 new securities were listed, bringing the total to 187. In the first quarter of 2025, information technology firm Alpha Data made its market debut following a successful IPO, amid growing optimism that Abu Dhabi's flagship airline, Etihad Airways, may also launch an IPO this 2024, ADX ranked among the top five global exchanges by IPO proceeds, with offerings raising approximately $3.35 billion. It captured 38% of all IPO proceeds in the Middle East and 80% of those within the UAE, according to a Wam report on the year's its position as the second-largest exchange in the region, ADX also held its place among the world's top 20 stock markets. Its consistent global ranking reflects a well-regulated, investor-friendly environment. 'This milestone enhances the exchange's reputation and boosts investor confidence, paving the way for sustained growth and further capital market development in the UAE,' said Samer Mardini, Chief Investment Officer at Yorklyn Asset Management.
Mid East Info
23-05-2025
- Business
- Mid East Info
Hushday launches in Dubai: A new era of luxury shopping begins with curated flash sale
A new name is shaking up the luxury shopping scene in the Gulf. After weeks of suspense and a wave of early buzz, Hushday officially launched this week – just days after raising a pre-seed funding of $550k (Dh2 million) -and it's already being described as the future of premium private sales in the region. Born from a simple idea — that luxury shopping should be thrilling, effortless, and always a step ahead — Hushday offers limited-time flash sales on some of the world's most coveted brands, at exclusive prices reserved only for members. Available now in the UAE, and soon across the GCC, introduces a new way to shop: faster, smarter, and with a strong sense of community. No more endless scrolling, no more hunting for deals in crowded malls or waiting for your next trip to Europe. Hushday puts the best of global fashion at your fingertips, blending insider access with digital ease. 'The UAE was the natural place to launch Hushday – a region that understands luxury, embraces technology, and thrives on exclusivity,' says Jennifer Cohen Solal, co-founder and CEO. 'Our model is simple: limited access, limited time, exceptional brands.' From the very first sale, the tone is set: Eres, Faithfull the Brand, Ginette NY, and Rochas headline a first curated drop designed to reflect the platform's DNA — elegance, rarity, and modern femininity. Each flash sale is available only for five days with new drops unveiled weekly, across fashion, beauty, accessories, kidswear — and soon, home décor, electronics, travel and leisure. Access to Hushday is not public. To join, customers need a referral code from an existing member or join the waiting list on the website. Once inside, they unlock a seamless, personalized experience: curated selections, intelligent product suggestions powered by browsing behavior, and loyalty rewards for engagement and referrals. Designed mobile-first and operating from Dubai, the experience is polished yet addictive — sleek visuals, countdown timers, and product pages that evoke more of a showroom than a store. 'We're not just launching a platform — we're creating a new kind of morning ritual,' explains Jennifer Cohen Solal. 'One where shopping is once again exciting, intentional, and a little bit secret.' Hushday is not just for the fashion-obsessed — it's for anyone who appreciates great design, loves a good deal, and prefers curated over cluttered. With regional investors already backing the project, the team — composed of French entrepreneurs Jennifer Cohen Solal, Jean Thillaye du Boullay, and Riad Djabri — plans to rapidly scale across the GCC, with a dedicated mobile app launching soon and exclusive offline events already in development. Whether you're looking for that perfect vacation dress, a timeless piece of jewelry, or a unique designer find, Hushday makes the hunt part of the pleasure — without sacrificing taste or time. To request your invitation, visit
Hi Dubai
20-05-2025
- Automotive
- Hi Dubai
Dubai's Parkin Launches New Monthly Parking Subscription for Select Areas
Dubai motorists can now avoid parking stress and fines with Parkin Company's newly launched monthly subscription service, covering designated parking zones across the city. The service offers a flexible, cost-effective alternative to hourly parking fees and eliminates the need to constantly track parking time. Parkin's subscription plans provide access to roadside spaces, public lots, and private community zones, tailored to daily commuters, residents, and frequent visitors. Subscriptions can be managed easily through Parkin's mobile app or website. Residents can subscribe for parking in the following key locations, each with specific pricing and conditions: Dubai Hills public parking (631G) Light vehicles only, one vehicle per subscription 1 month: Dh500 | 3 months: Dh1,400 | 6 months: Dh2,500 | 12 months: Dh4,500 Silicon Oasis (Limited area) Includes 5% VAT, non-refundable fees, one vehicle per subscription 3 months: Dh1,000 | 6 months: Dh1,500 | 12 months: Dh2,500 Silicon Oasis Zone (H) 3 months: Dh1,400 | 6 months: Dh2,500 | 12 months: Dh4,500 Wasl Communities (Zones W & WP) Valid only for Dubai Wasl Real Estate public parking Refund possible if canceled within 48 hours One vehicle per subscription 1 month: Dh300 | 3 months: Dh800 | 6 months: Dh1,600 | 12 months: Dh2,800 Roadside and plot parking (Zones A, B, C, D) Roadside parking (zones A and C) limited to 4 hours max per session Plot parking (zones B and D) allows up to 24 hours 1 month: Dh500 | 3 months: Dh1,400 | 6 months: Dh2,500 | 12 months: Dh4,500 Parking plots only (Zones B and D) Parking permitted up to 24 consecutive hours 1 month: Dh250 | 3 months: Dh700 | 6 months: Dh1,300 | 12 months: Dh2,400 Select your preferred parking area on the map or enter the area name. Choose your subscription type and duration. Provide required information and documents. Complete payment via the app or website to activate your subscription. Up to three vehicles can be linked per Dubai traffic file, but only one vehicle can be active at a time, with 30-minute switching intervals. For traffic files outside Dubai or company-registered vehicles, only one vehicle can be added. Subscription fees are non-refundable. Downgrading from roadside & plots parking to plots only is not allowed. A Dh100 fee applies for any vehicle information modifications. Recent changes in Dubai's parking tariffs Parkin recently introduced variable parking rates across Dubai. Premium public parking now costs Dh6 per hour during peak times — 8am to 10am and 4pm to 8pm — on weekdays, excluding weekends and public holidays. Dubai's paid parking is divided into four zones: A, B, C, and D. Premium areas within these zones, marked AP, BP, CP, and DP, are located near metro stations or high-traffic commercial areas and carry higher rates due to demand. This subscription model combined with variable tariffs reflects Dubai's ongoing effort to streamline parking management and enhance convenience for motorists. News Source: Khaleej Times
