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A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
6 December – CP: A proposed expansion of VTL was supposed to include Qatar, Saudi Arabia and the United Arab Emirates. The VTLs have since been deferred due to risks from the Omicron variant. [128] [129] 10 December – CP: Singaporeans aged 5 to 11 are now allowed to receive the Pfizer-BioNTech COVID-19 vaccine, the first approved for children.
The Ministry of Investment (Arabic: وزارة الاستثمار) is a federal government ministry in the United Arab Emirates (UAE), [1] established in 2023. The ministry is responsible for promoting and facilitating investments in the UAE, attracting foreign direct investment (FDI), and supporting the nation’s economic diversification goals.
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. [16] 29 July – The United Arab Emirates grants lottery licenses for the first time in its ...
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$415 billion (AED 1.83 trillion) in 2021-2023.
As of December 2020, SBF has 27,200 members, [12] including both companies and business chambers. [2] [7] SBF carries out events such as talks and dialogue sessions for its members, and provides them with various business networks. [13]
This is an accepted version of this page This is the latest accepted revision, reviewed on 27 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
The United Arab Emirates has been successfully diversifying the economy. 71% of UAE's total GDP comes from non-oil sectors. [86] Oil accounts for only 2% of Dubai's GDP. [87] The UAE is also making an effort to attract foreign direct investment by offering 100% foreign ownership and no taxes. [88] Tourism is one of the main sources of revenue ...