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The UAE's economy is one of the most open worldwide, and its economic history goes back to the times when ships sailed to India, along the Swahili coast, as far south as Mozambique. [24] The UAE economy has been ‘inspected’ by international economic institutions on a regular basis, generally receiving good reports on economic developments.
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 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 ...
This is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in United States Dollars of wealthy individuals worldwide. Forbes Further information: The World's Billionaires
Real Housewives of Dubai. Dubai, the capital of the United Arab Emirates, is famously the home to some of the world's richest men and women. From Middle Eastern royalty to wealthy expats looking ...
This is Forbes' 25th year of tracking global wealth and it was one to remember. The 2011 Billionaires List breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion).
This is a list of Emirati billionaires based on an annual assessment of wealth and assets compiled and published by Forbes magazine. [1] Emirati billionaires list
Dubai Bling offers a glimpse into the dazzling lives of some of the City of Gold's richest residents. Dubai has earned a reputation as a hub of wealth and luxury — a status brought to life by ...