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Should UAE gold holders be thinking of selling some as prices hover around $1,900?


Dubai: Gold prices have dropped back from their $1,900 an ounce plus levels – but not by much.
Early on Thursday, gold was trading at $1,895, and seemed to have the momentum to claw back to $1,900 and above. On Wednesday, the price was hovering around $1,905 and briefly shot up to $1,912. Market watchers seem to think that gold still has enough of a momentum to test the $1,940 levels.
The highest point for gold this was on January 4, at $1,943. On Thursday, the Dubai Gold Price was at Dh216 a gram - only Dh5 lower than its year-to-date peak of Dh221. 
Not surprisingly, recent increases have ensured UAE shoppers keep well away from any buying. But $1,900 plus levels could see some gold holders in the UAE to sell, making use of the high price and pocket the difference. ....

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RTA announces free parking in Dubai from Tuesday


RTA announces free parking in Dubai from Tuesday
There are changes to public transport timings to take note of too…
Dubai’s Roads & Transport Authority (RTA) has announced that there will be free parking in Dubai over the Eid Al Fitr holidays. The free parking in Dubai is valid from Ramadan 29 (Tuesday May 11) to Shawal 3, and does not apply to multi-storey parking.
Parking fees will resume on Shawal 4, which is likely to fall on Saturday May 15 or Sunday May 16.
RTA has also announced revised timings for public buses, metro, tram and marine transport timetables. Customer Happiness Centres will be closed from May 11 to Shawal 3, with services resuming on Shawal 4. ....

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