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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]
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
Migrant workers in the United Arab Emirates describe the foreign workers who have moved to the United Arab Emirates (UAE) for work. As a result of the proximity of the UAE to South Asia and a better economy and job opportunities, most of the migrant foreign workers are from India, Nepal, Sri Lanka, Bangladesh, Philippines and Pakistan. [1]
This list displays all UAE companies in the Fortune Global 500, ... Dubai 20.2 5.7 234.9 28.6 Airline 4 395 TAQA: Abu Dhabi 14.2 2.0 58.0 88.8 Oil and gas 5
In 2011, oil exports accounted for 77% of the UAE's state budget. [17] Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current [when?] prosperity has been attributed to Abu Dhabi's petrodollars. [40] In 2014, Dubai owed a total of $142 billion in debt. [41]
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. [10] [11] [12] As of 2024, the city has a population of around 3.79 million, [13] more than 90% of which are expatriates.
NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC), a financial free zone which opened for business in 2004. Financial activities in the DIFC are governed to international standards by an independent regulator, the Dubai Financial Services Authority. NASDAQ Dubai has a licence from the DFSA to operate an exchange.
Established in 2015, Dubai World Trade Centre Authority (DWTCA) is a free zone, home to 2,000+ companies from 40+ industries spanning construction, healthcare, IT, media, and trade. [8] [9] [10] In December 2021, DWTC's mandate was expanded to include virtual assets and crypto, including digital assets, products, operators, and exchanges. [11] [12]