Abu Dhabi is in the process of transforming its economy. Abu Dhabi has large reserves of oil and its economy was primarily based on export of oil and petroleum products. But everything changed after 2014 oil crisis. Abu Dhabi and UAE as a whole decided to change its economy from oil-based to knowledge-based in order…
The importance of free zones for UAE’s economy is not unknown. It is the reason that all the emirates of UAE are trying their best to introduce more and more free zones and provide exceptional facilities to companies setting up their business there. Like other major business activities, Dubai is ahead of other emirates by…
Tourism is one of the most profitable and reliable sectors for economy of Dubai. Every year, millions of tourists arrive in Dubai that contributes huge amount of capital in the economy of Dubai and UAE. But there is no single reason that attracts tourists on such large scale to Dubai. These tourists arrive here to…
An important factor that distinguishes UAE from all other countries in the world is the presence of large number of foreigners in the country. Around 85% residents in UAE are foreigners and this percentage is higher than any other country in the world. This foreign population of UAE is comprised of people from different parts…
Business was a priority sector only in the emirate of Dubai few years ago. But now all the other emirates of UAE are giving due importance to this sector in an effort to reduce their reliance on oil sector. This shift in policy has shown positive results in overall economy of UAE. The latest report…
