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In economics, the menu cost is a cost that a firm incurs due to changing its prices. It is one microeconomic explanation of the price-stickiness of the macroeconomy put by New Keynesian economists. [1] The term originated from the cost when restaurants print new menus to change the prices of items.
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 stars are not permanent and restaurants are constantly re-evaluated. If the criteria are not met, the restaurant will lose its stars. [2] The Michelin Guide for Dubai originally launched in 2022, funded in partnership with Dubai's tourism arm, Visit Dubai. [5] It was the first guide in the United Arab Emirates, [6] the second one being Abu ...
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.
Lunch is considered the main meal of the day, and is traditionally eaten between 1:30 pm and 2:30 pm. It is the meal for which the family comes together. Rarely do meals have different courses; however, salads and mezze are served as side dishes to the main meal.
The inaugural Dubai Food Festival was held from 21 February to 15 March 2014. [4] According to Vision the event was aimed at enhancing and celebrating Dubai's position as the gastronomic capital of the region. The festival was designed to showcase the variety of flavours and cuisines on offer in Dubai featuring the cuisines of over 200 ...
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Dubai has a free trade in gold and, until the 1990s, was the hub of a "brisk smuggling trade" [59] of gold ingots to India, where gold import was restricted. Dubai's Jebel Ali port, constructed in the 1970s, has the largest human-made harbour in the world and was ranked seventh globally for the volume of container traffic it supports. [164]