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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 ...
Government-owned companies of the United Arab Emirates. Aabar Investments. Abu Dhabi Investment Council. Abu Dhabi Ports Company. Abu Dhabi Terminals. Abu Dhabi National Oil Company. Arab Media Group. Arabian Television Network. Creative City.
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 $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
July 31, 2024 at 6:23 PM. Ohio Sen. JD Vance, the Republican vice presidential running mate of former President Donald Trump, wedged a fundraising stop in Fresno County into a campaign schedule ...
The United Arab Emirates is a federation of seven Emirates, with autonomous federal and local governments. The UAE has historically been a low-tax jurisdiction. [1] The federal government and local governments are entitled to levy taxes on citizens and companies. The federal government currently levies a value added tax, corporate income tax ...
US$ 134.6 billion (2023) • Metro. US$ 202.8 billion (2023) Time zone. UTC+04:00 ( UAE Standard Time) Website. dm.gov.ae. Dubai ( / duːˈbaɪ /, doo-BYE; Arabic: دبي, romanized : Dubayy, IPA: [dʊˈbajj], Gulf Arabic pronunciation: [dəˈbæj]) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of ...