A study finds that that seven out of 10 Tunisians aged between 18 and 29 wish to emigrate
mena47 minutes ago
"We are planning to implement the 'dollarisation' of drug prices in the Emirate so that irrespective of the country of origin of medicines that are imported here, their exchange rates will be equalled to dollar," Humaid Shamsi, Assistant Undersecretary for Pharmacies and Supplies said.
Shamsi noted that the current system of fixing import prices in other currencies like Sterling, Euro, Dinar and Rupees depending on their place of origin will be scrapped once dollarisation is implemented by January 2006.
"The move is aimed to prevent price fluctuations in the market caused by forex variations. As UAE dirham is already pegged to dollar, forex fluctuations affecting any currency other than dollar will not affect the local prices," he said adding that discussions were already under way with various European and Middle Eastern companies.
According to him, dollarisation will also help the ministry to ensure that pharmacies sell medicines according to ministerial regulations. Drugs are imported from UK, Australia, Europe, Asia and other regions, which have different currencies leading to price fluctuations.
Now the government has devised a new policy under which all drugs will be imported in terms of US dollars, which has a fixed exchange rate against the UAE dirham.
A study finds that that seven out of 10 Tunisians aged between 18 and 29 wish to emigrate
mena47 minutes ago
French PM Barnier says the tragedy highlights the need to fight relentlessly against the networks of traffickers
europe58 minutes ago
The resignation comes after the media reported tensions at the top of the government between Gray and several political advisers, and revealed that her salary was higher than Starmer's
world58 minutes ago
The leader was received by the Jordanian King, Crown Prince of Jordan, and a number of senior officials
uae1 hour ago
Army personnel, using boats and helicopters, have joined rescue efforts, delivering emergency supplies and evacuating those trapped
asia1 hour ago
UK PM cautions that 'a better future will not be won by traumatising, orphaning and displacing another generation'
europe1 hour ago
The figure is the highest single-day number of migrants making the cross-Channel journey this year, surpassing the previous high of 882 set on June 18
world1 hour ago
Expat on making wise professional choices that lead to financial gains
lifestyle1 hour ago