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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]
1982 (age 41–42) Alma mater. University of Sheffield (Bachelor's degree in civil engineering) Abdulla bin Touq Al Marri (Arabic: عبدالله بن طوق المري; born 1982 [ 1]) is an Emirati politician. He has been the United Arab Emirates's Minister of Economy since July 2020 and is Chairman of the Securities and Commodities Authority ...
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 ...
The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and provide services to domestic and ...
The 3 billion AED ($820 million) National Space Fund, announced Monday, is the latest signal that the country is looking to the space sector to help diversify its oil-dependent economy. As of 2020 ...
The Cabinet of the United Arab Emirates, or Council of Ministers ( Arabic: مجلس الوزراء ), is the chief executive body of the United Arab Emirates (UAE) federal government. The cabinet consists of federal government ministers, and is led by the prime minister of the United Arab Emirates. Although not stated in the Constitution of the ...
The United Arab Emirates (UAE) once largely known for its oil exports today has a diverse and highly developed economy. According to the UAE Economic Report 2009 released by the UAE Ministry of Economy in May 2010 the non-oil sector contributed 71.6 per cent to the UAE’s GDP, compared to 66.5 per cent in 2008, underscoring the success of the nation's economic diversification initiatives.
In early 2007, the United Arab Emirates launched the 'UAE Government Strategy' for the years ahead, which covered twenty-one topics in six different sectors including social development, economic development, public sector development, justice and safety, infrastructure and rural areas development. The initiative is meant to reevaluate and ...