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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]
The cost of living is the cost of maintaining a ... The 2022 World Inequality Report, a four-year research project ... This page was last edited on 6 December 2024, ...
Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current prosperity has been attributed to Abu Dhabi's petrodollars. [40] In 2014, Dubai owed a total of $142 billion in debt. [41] The UAE government has worked towards reducing the economy's dependence on oil exports by 2030. [42]
21 July – Fifty-seven Bangladeshi expatriates are sentenced to varying prison terms for holding protests in support of the 2024 Bangladesh quota reform movement. [15] They are later pardoned by UAE president Mohamed bin Zayed Al Nahyan on 3 September.
The choice of the date was officially made because 22 February 2022 is a palindrome date. [9] It is a landmark devoted to innovative and futuristic ideologies located in the Financial District of Dubai. It has three main elements: green hill, building, and void. [10]
In 2002, up to 235 Brazilians were reported living in the country (Abu Dhabi and Dubai). [143] These figures increased ten-fold, with data disclosed by the embassy of Brazil in Abu Dhabi putting the number as high as 2,000 by 2010. [ 144 ]
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In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [ 156 ] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden , who took office in January 2021, being net negative starting in October of that year ...