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With imports totaling $273.5 billion in 2012, UAE passed Saudi Arabia as the largest consumer market in the region. Exports totaled $314 billion, making UAE the second largest exporter in the region. [22] UAE and India are each other's main trading partners, with the latter having many of its citizens working and living in the former. The trade ...
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]
Despite the government's expansionary fiscal policy and a growing economy in 2018 and at the beginning of 2019, prices have been dropping in late 2018 and 2019 owing to oversupply in some sectors of importance to consumer prices. [237] The UAE has an attractive tax system for companies and wealthy individuals, making it a preferred destination ...
The United Arab Emirates experienced a significant population increase in recent years as a result of major economic growth. This led to an influx of workers from diverse cultural and religious backgrounds, increasing the population from 4 million in 2004 to roughly 8 million in 2009. [4]
Dubai [a] is the most populous city in the United Arab Emirates and the capital of the Emirate of Dubai, the most populous of the country's seven emirates. [5] [6] [7] As of 2024, the city has a population of around 3.79 million, [8] more than 90% of which are expatriates.
Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
The Burj Khalifa (Arabic: برج خليفة for "Khalifa Tower") is a supertall skyscraper in the "Downtown Dubai" area of Dubai, United Arab Emirates. The building is part of a huge development located at the "First Interchange" (aka "Defense round-about") along Sheikh Zayed Road at Doha Street.
In 2018, the country topped the list for the fourth year in a row with a total spend of $30.82 billion, a 3.8% increase over 2017 ($29.70 billion). The average spend per day was $553. [16] In 2019, Dubai attracted a total of 16.73 million tourists, which was an increase of 5.09% on the previous year.