Tourism is one of the most profitable and reliable sectors for economy of Dubai. Every year, millions of tourists arrive in Dubai that contributes huge amount of capital in the economy of Dubai and UAE. But there is no single reason that attracts tourists on such large scale to Dubai. These tourists arrive here to…
An important factor that distinguishes UAE from all other countries in the world is the presence of large number of foreigners in the country. Around 85% residents in UAE are foreigners and this percentage is higher than any other country in the world. This foreign population of UAE is comprised of people from different parts…
Business was a priority sector only in the emirate of Dubai few years ago. But now all the other emirates of UAE are giving due importance to this sector in an effort to reduce their reliance on oil sector. This shift in policy has shown positive results in overall economy of UAE. The latest report…
Since past several decades, Dubai has been known as one of the best tourist destination not only in MENA region but also in the world. It is mainly due to efforts made by the emirate to transform this desert into one of the world’s most beautiful cities. Skyscrapers, beautiful parks, historical places, festivals, exhibitions are…
Since the independence of UAE in 1971, Abu Dhabi and most of other emirates in UAE were relying on export of oil and petroleum products for their economy. Dubai was the only emirate that adopted business and tourism friendly policies on large scale due to lower reserves of oil and petroleum. It is the reason…
In order to promote foreign investment in UAE mainland, UAE recently introduced several reforms. One such important step is allowing 100% company share to foreign entrepreneur. Previously, they were only allowed maximum 49% shares in businesses in UAE while 100% shares for foreigners were only allowed in various free zones. This was an important reason…