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International Monetary Fund (IMF) expected UAE's economic growth to increase to 4.5% in 2015, compared to 4.3% in 2014. The IMF ascribed UAE's potentially strong economic growth in World Economic Outlook Report to the increased contribution of non-petroleum sectors, which registered a growth average of more than 6% in 2014 and 2015. Such ...
In September 2005, the Minister of Labour ordered one company to pay unpaid salaries within 24 hours after workers protested, and published the name of the offending company. [3] In December 2005, the Indian consulate in Dubai submitted a report to the Government of India detailing labor problems faced by Indian expatriates in the emirate
July 15 - Saudi Arabia and the United Arab Emirates open new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close. July 29 - Ten more Islamists are arrested in the United Arab Emirates as part of a crackdown on dissidents, according to activists.
By Praveen Menon DUBAI -- Dubai is reviving massive real estate projects as its economy recovers from a corporate debt crisis, but this time around, constraints on financing are likely to slow the ...
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 statistics showed a 1.5 points increase as per the expected level; a 15-month high. As of December 2020 stats, the figures show a 2.3% increase in monthly consumer prices and a significant price rise in basic necessities such as food, beverages, and transportation. Meanwhile, the fall of the Turkish lira has been reported for years.
between 2008 and 2012, better performance than 96% of all directors The Richard A. Manoogian Stock Index From January 2008 to December 2012, if you bought shares in companies when Richard A. Manoogian joined the board, and sold them when he left, you would have a 92.0 percent return on your investment, compared to a -2.8 percent return from the ...
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