INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Dubai imposes tariff on single-use plastic bags to limit their use

The restrictions come as UAE prepares to host COP28 in 2023.
  • The policy will be evaluated over several stages until the single-use bags are completely banned within two years.
  • The emirate will charge a tariff of 25 fils per bag from 1 July 2022.

Dubai has approved a policy to limit single-use plastic bags by imposing a tariff of 25 fils on such bags from 1 July 2022.

The tariff will be implemented in all stores across Dubai including, but not limited to, retail stores, textile and electronic stores, restaurants, pharmacies, online and e-commerce deliveries.

The government said the policy will be evaluated over several stages until single-use carrier bags are completely banned within two years, following the assessment of behavioral changes in the community.

The introduction of the policy to limit and ultimately ban single-use bags is aimed at strengthening Dubai’s sustainability objectives in line with global best practices for reducing the consumption of single-use bags.

The tariff on single-use bags is currently in effect in over 30 countries, and a partial or complete ban has been implemented in more than 90 countries globally, reflecting the magnitude of international efforts to reduce the consumption of single-use bags.