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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. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
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 article lists the countries of the Arab League sorted by their gross domestic product (GDP) at nominal values.GDP is the value of all final goods and services produced within a nation in a given year.
The United Arab Emirates [b] ... the British prohibition of the slave trade meant an important source of income was lost to ... Dubai Media City is the UAE's main ...
A U.S. source familiar with the matter said White House officials discussed an overture with Emirati officials, citing the UAE's interest in financing Syria's reconstruction and Assad's "weakened ...
The economy of Jordan is classified by the World Food Programme as an upper-middle income economy, as well as being poor in resources with limited land for agriculture. [1] Jordan 's GDP per capita rose by 351% in the 1970s, declined 30% in the 1980s, and rose 36% in the 1990s. [ 15 ]
The UAE was hit by record rains on April 16 that brought parts of the Gulf country to a standstill, heavily flooding some neighbourhoods, including in Dubai and northern cities. Four people died ...