UAE Top Stories

List of all articles filed under “uae-top-stories” category.

Luxury Real Estate Market Comparison: Ghana vs. USA vs. UK vs. UAE

The global luxury real estate market has consistently been a focal point for high-net-worth individuals, offering unique opportunities for investment, opulence, and status. This article delves into a comparative analysis of the luxury real estate markets in four distinct and dynamic regions: Ghana, the United States (USA), the United Kingdom (UK), and the United Arab Emirates (UAE). Each of these markets presents its unique characteristics, influenced by economic factors, cultural nuances, and geopolitical dynamics.

Foreign Direct Investment Inflows to the United Arab Emirates: Overview and Trends

According to the World Investment Report 2021 by UNCTAD (United Nations Conference on Trade and Development), which focuses on trends in foreign direct investment worldwide and at the regional and country levels, the UAE saw its FDI inflows increase by 11%, from USD 18 billion in 2019, to USD 20 billion in 2020, despite the emergence of the COVID-19 pandemic. Over the same period, the stock of FDI reached USD 151 billion.

Economic Outlook: Projects of the 50 to Help the UAE Reduce its Dependence on Hydrocarbons

One of the main challenges of the UAE economy is the reduction of its dependence on hydrocarbons which, despite efforts to diversify the economy, continue to represent a substantial share of public revenue. Projects of the 50, a series of developmental and economic projects, were designed to make the country the global capital of investment and economic creativity, an integrated incubator for entrepreneurship and emerging projects, and an advanced laboratory for new economic opportunities.

UAE ranked 14th globally in A.T. Kearney’s FDI Confidence Index

Bahrain Top Stories
UAE ranked 14th globally in A.T. Kearney’s 2013 FDI Confidence Index
A.T. Kearney issued its 2013 FDI Confidence Index in which the UAE took the 14th position out of 25 countries globally. The country’s ranking advanced by one notch from the 2012 survey but remains three notches lower than that seen in the 2011 survey. It is worth noting that the UAE is the only country within the MENA geography to have been included in the top 25 ranking.

UAE Facts & Figures

The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states – Abu Zaby, ‘Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al Qaywayn – merged to form the United Arab Emirates (UAE). They were joined in 1972 by Ra’s al Khaymah. The UAE’s per capita GDP is on par with those of leading West European nations. Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs of the region.

Sharjah the culture center of UAE Sharjah culture

“Sharjah was chosen by UNESCO in 1998 as the cultural capital of the Arab world”, underlines Mohammed Ali Al Noman, Director General of Sharjah Commerce and Tourism Development Authority, with pride in his voice.T hanks to several initiatives taken by Shrajah’s ruler, His Highness Dr. Sultan Bin Mohmmed Al Qassimi, Sharjah cannot be ignored by friends of Arab literature and Islamic art. “We feel like we are the museum of the world”, says Mr. Al Numan. HH Dr. Sheikh Sultan is a poet himself, he regularly writes and publishes stories of Arabian history and fairy tales for children. His books are presented every year at the famous Sharjah International Book Fair, which usually takes place in autumn in the Expo Centre-Sharjah.

Dubai when desert dreams come true Country report about Dubai

Oil now plays a very minor role; it represents only around 3 percent of Dubai’s GDP. Dubai’s economic success story is mainly based on its 20 free zones (of which 12 are still under construction). You want to set up your own laboratory in order to invent new drugs for the health sector? Then DuBiotech, a dedicated free zone for biotech companies, is the right zone for you. Entrepreneurs in the IT-sector establish their firms in Dubai Internet City and trade companies go either to the Dubai Airport Free Zone or Jebel Ali Free Zone. Nearly all Fortune 500-companies are present in Dubai.

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