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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.
The UAE recognized Israel in August 2020, reaching a historic Israel–United Arab Emirates peace agreement and leading towards full normalization of relations between the two countries. [74] [138] [139] UAE is the 53rd most peaceful country in the world, according to the 2024 Global Peace Index. [140]
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]
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
Yango Group is a tech ecosystem that offers ride-hailing, public transport data, delivery, e-grocery, adtech, maps, entertainment services, AI voice assistant and others.. The company is headquartered in Dubai [1] [2] and operates in more than 30 countries in Europe, Africa, the Middle East, South Asia, and South America. [3]
Under Zayed, the UAE expanded its economic presence in Africa; although African countries welcomed Emirati investment, concerns were raised on the UAE companies' record on human rights, labor protections, and the environment. [75] By 2024, UAE had become the biggest investor in Africa, surpassing China's investment in the continent. [75]
The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates.
Its primary purpose is to regulate and supervise the UAE’s securities and commodities markets. The SCA is responsible for ensuring market transparency, protecting investors, and enhancing the efficiency of financial markets. It also oversees licensing, compliance, and market monitoring while promoting fair trading practices and investor ...
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