DUBAI // Car dealers are weighing up their options as they wait to see what effect deregulation of fuel prices will have on business.
While some were confident that sales would continue, others were cautious, saying that they might have to rethink what vehicles they offer.
Fahd Al Henawi, of Motor World Automobiles, in Al Shamkha, Abu Dhabi, specialises in selling cars with eight or more cylinders but said that if there is going to be a big fuel price increase then he will have to change tack.
“We also have smaller, four-cylinder vehicles but we focus on the big ones,” he said.
“I would have to invest in getting more of the smaller vehicles for sale if the fuel price is going to vary very much.”
However, he said that if the increase is minimal, then he did not think it would affect his business.
As of August 1, the government will no longer regulate the cost of fuel. Instead, it will be set each month by an independent fuel price committee.
Fuel prices in the UAE are about Dh1.72 a litre, which is the highest in the Gulf but among the cheapest in the world.
Other car dealers felt it was too soon to draw conclusions on how the decision would affect buying trends. “It’s too early to say how much, if any, effect we will see from the deregulation in fuel,” said an employee at Arabian Automobiles in Deira, Dubai. “I think we need to see how this policy is implemented for a while before we see a trend among consumers.
“But even before this announcement we were seeing car makers opt for smaller engines and more fuel efficiency.
“In general, the trend is towards more hybrid or alternative fuel and I suspect that will continue.”
He felt that, despite the rule change, fuel prices will continue to remain relatively low.
“Sheikh Mohammed is keen on more environmentally friendly vehicles, and I think that is the way forward in general,” he said.
One dealer said he thought the reform would have no more effect than increasing rents or Salik road-toll fees.
“I pay Dh1,000 a month in Salik and my rent has been increasing every year and yet so are our sales. Competition with other dealers has more of an effect on sales than governmental rule changes,” said a spokesman at 4X4 Motors in Dubai.
One car maker that felt that the move would have little effect on business was luxury British marque Aston Martin.
Neil Slade, Aston Martin’s general manager in the Mena region, said: “We are in a small percentage of the market and we operate in countries in Europe and North America, where fuel prices are more expensive than the UAE.
“In that respect we don’t really see much of an effect from deregulation of fuel prices.
“Our customers tend to be more wealthy and, as such, don’t factor in the cost of fuel when they are considering purchasing one of our cars.”
nhanif@thenational.ae
*Additional reporting by Dana Moukhallati
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Rating: 5/5
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Director: Eli Roth
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Uefa Champions League semi-final, second leg result:
Ajax 2-3 Tottenham
Tottenham advance on away goals rule after tie ends 3-3 on aggregate
Final: June 1, Madrid
MATCH INFO
Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.
Man of the match Harry Maguire (Manchester United)
Scoreline
Syria 1-1 Australia
Syria Al Somah 85'
Australia Kruse 40'
MATCH INFO
Uefa Champioons League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
Leaderboard
15 under: Paul Casey (ENG)
-14: Robert MacIntyre (SCO)
-13 Brandon Stone (SA)
-10 Laurie Canter (ENG) , Sergio Garcia (ESP)
-9 Kalle Samooja (FIN)
-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)
COMPANY%20PROFILE
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What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
Company%20Profile
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THURSDAY'S ORDER OF PLAY
Centre Court
Starting at 10am:
Lucrezia Stefanini v Elena Rybakina (6)
Aryna Sabalenka (4) v Polona Hercog
Sofia Kenin (1) v Zhaoxuan Yan
Kristina Mladenovic v Garbine Muguruza (5)
Sorana Cirstea v Karolina Pliskova (3)
Jessica Pegula v Elina Svitolina (2)
Court 1
Starting at 10am:
Sara Sorribes Tormo v Nadia Podoroska
Marketa Vondrousova v Su-Wei Hsieh
Elise Mertens (7) v Alize Cornet
Tamara Zidansek v Jennifer Brady (11)
Heather Watson v Jodie Burrage
Vera Zvonareva v Amandine Hesse
Court 2
Starting at 10am:
Arantxa Rus v Xiyu Wang
Maria Kostyuk v Lucie Hradecka
Karolina Muchova v Danka Kovinic
Cori Gauff v Ulrikke Eikeri
Mona Barthel v Anastasia Gasanova
Court 3
Starting at 10am:
Kateryna Bondarenko v Yafan Wang
Aliaksandra Sasnovich v Anna Bondar
Bianca Turati v Yaroslava Shvedova
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
England squad
Goalkeepers: Jordan Pickford, Nick Pope, Aaron Ramsdale
Defenders: Trent Alexander-Arnold, Conor Coady, Marc Guehi, Reece James, Harry Maguire, Tyrone Mings, Luke Shaw, John Stones, Ben White
Midfielders: Jude Bellingham, Conor Gallagher, Mason Mount, Jordan Henderson, Declan Rice, James Ward-Prowse
Forwards: Tammy Abraham, Phil Foden, Jack Grealish, Harry Kane, Bukayo Saka, Emile Smith Rowe, Raheem Sterling
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Specs
Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km
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Directors: Min Geun, Oh Yoon-Dong
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The five pillars of Islam
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Company%20Profile
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Company name: Farmin
Date started: March 2019
Founder: Dr Ali Al Hammadi
Based: Abu Dhabi
Sector: AgriTech
Initial investment: None to date
Partners/Incubators: UAE Space Agency/Krypto Labs
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Dubai World Cup Carnival Card:
6.30pm: Handicap US$135,000 (Turf) 1,200m
7.05pm: Handicap $135,000 (Dirt) 1,200m
7.40pm: Zabeel Turf Listed $175,000 (T) 2,000m
8.15pm: Cape Verdi Group Two $250,000 (T) 1,600m
8.50pm: Handicap $135,000 (D) 1,600m
9.25pm: Handicap $175,000 (T) 1,600m
New process leads to panic among jobseekers
As a UAE-based travel agent who processes tourist visas from the Philippines, Jennifer Pacia Gado is fielding a lot of calls from concerned travellers just now. And they are all asking the same question.
“My clients are mostly Filipinos, and they [all want to know] about good conduct certificates,” says the 34-year-old Filipina, who has lived in the UAE for five years.
Ms Gado contacted the Philippines Embassy to get more information on the certificate so she can share it with her clients. She says many are worried about the process and associated costs – which could be as high as Dh500 to obtain and attest a good conduct certificate from the Philippines for jobseekers already living in the UAE.
“They are worried about this because when they arrive here without the NBI [National Bureau of Investigation] clearance, it is a hassle because it takes time,” she says.
“They need to go first to the embassy to apply for the application of the NBI clearance. After that they have go to the police station [in the UAE] for the fingerprints. And then they will apply for the special power of attorney so that someone can finish the process in the Philippines. So it is a long process and more expensive if you are doing it from here.”
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Company%20Profile
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The studios taking part (so far)
- Punch
- Vogue Fitness
- Sweat
- Bodytree Studio
- The Hot House
- The Room
- Inspire Sports (Ladies Only)
- Cryo
COMPANY%20PROFILE%20
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