The idea of a knowledge-based economy mainly emerged in UAE after the oil crisis in 2014. But it is not a new concept as far as the emirate of Dubai is concerned. The most modern emirate of UAE was already focused on building a foundation of its economy on knowledge and modern technology for the…
The Gulf region is especially known for the abundance of oil and gas resources. The region is fulfilling most of the fossil fuels requirements of the world since past several decades. Due to this factor, the countries in the area were freely using these fossil fuels for their own energy requirements as it was available…
It is an established fact that knowledge and education play most important role in the progress of any country. If a country wants to achieve maximum prosperity and happiness, then the key is the progress in right type of education. Dubai is behind other developed western countries in latest educational fields. But the rulers of…
The new economic strategy of UAE is based on knowledge, education and modern technology. It is the main factor that dominates the policy of the government of UAE for economic growth. In contrast to most of the other regimes in the world, the government of UAE is known for taking rapid and solid steps for…
There is a surge in facilitating different industries and trades in UAE since 2014. It is primarily as an effort to reduce the burden of economy on unreliable oil sector and expansion and diversification of economy by including different other sectors for economic growth. The UAE as a country is facing this oil-related problem just…
Several months have passed since the implementation of VAT (value added tax) that was aimed to drive the economy of UAE towards diversification. In order to gain maximum benefit and equally put the burden on all sectors, the tax was applied on wider scale on most of the products and services and very few sectors…
