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The World Factbook, 2023. Pegged with. USD [ 1] US$1 = Dhs 3.6725. The Arab Emirates Dirham ( / ˈdɪər ( h) əm /; [ 2] Arabic: درهم إماراتي, abbreviation: د.إ in Arabic, Dh (singular) and Dhs (plural) or DH in Latin; ISO code: AED is the official currency of the United Arab Emirates. The dirham is subdivided into 100 fils (فلس).
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [ 5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
Dubai holds up to 66% share of the UAE's tourism economy, with Abu Dhabi having 16% and Sharjah 10%. Dubai welcomed 10 million tourists in 2013. The UAE has the most advanced and developed infrastructure in the region. [238] Since the 1980s, the UAE has been spending billions of dollars on infrastructure.
Home prices are higher as well – largely, at this point, due to a lack of inventory. Zillow says the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021.
Thu, Jul 18, 2024. Max / Will Shanklin for Engadget. US college students can shave half off a Max subscription. As long as you can confirm your active student status, you’ll get a 50 percent ...
5.15% [ 1 ] Website. centralbank .ae /en. The Central Bank of the United Arab Emirates ( Arabic: مصرف الإمارات العربية المتحدة المركزي) ( Central Bank of the UAE or CBUAE) is the state institution responsible for managing the currency, monetary policy, banking and insurance regulation in the United Arab Emirates ...
BERTRAND GUAY/AFP via Getty. Anita Alvarez of Team USA Artistic Swimming. Two years ago, Anita Alvarez made headlines after she was rescued from drowning by her coach during an artistic swimming ...