Inflation in Dubai falls by 1.5%



Inflation in Dubai dropped to its lowest level in at least a year in January as the cost of food and drink fell. The inflation rate declined to 1.3 per cent on an annual basis in January from 2.8 per cent the month before, data from the Dubai Statistics Centre showed. Inflationary pressures have slowed in the emirate since the global financial crisis hit, after reaching double-digit highs two years ago. But the easing of inflation could be just a blip before rising food costs in international markets lead to a return of inflationary pressures in the emirate, said Tudor Allin-Khan, the chief economist at HC Brokerage in Dubai.

Mr Allin-Khan attributed the decline to excessive price discounting in the run-up to the Dubai Shopping Festival (DSF), which ended last month. "This could be a one-off rather than an overall trend," he said. "DSF may have had some impact due to aggressive discounting by shops, hotels and restaurants." A sharp decline in the property market and a reduction in the cost of imported goods have helped to lower the consumer price index in the past year. Inflation stood at 4.1 per cent in the emirate last year, compared with 0.78 per cent in Abu Dhabi.

January's inflation rate in Dubai was the lowest since records started last year. The cost of food and non-alcoholic drinks in Dubai dropped an annual 2.3 per cent in January, compared with a fall of 2 per cent in December. The cost of housing, electricity and water climbed 1.5 per cent. @Email:tarnold@thenational.ae

The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

if you go

The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip 
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles. 

Specs

Engine: 3.0L twin-turbo V6
Gearbox: 10-speed automatic
Power: 405hp at 5,500rpm
Torque: 562Nm at 3,000rpm
Fuel economy, combined: 11.2L/100km
Price: From Dh292,845 (Reserve); from Dh320,145 (Presidential)
On sale: Now

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

US%20federal%20gun%20reform%20since%20Sandy%20Hook
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.