Financial and Banking News

Financial Policy

UAE Raises Power And Water Prices

The UAE Government has raised electricity prices for expatriates, industryand businesses by 50% with effect from 1 January. The new price will be Dh0.15($0.04) per kilowatt-hour. Government ministries will pay Dh0.10 and localcitizens will pay Dh0.075. Prices for expatriates, industry and businesses wereraised to Dh0.10 from Dh0.075 in February this year. Government officials havesaid...