The new digital technology is shaping up the economic sector worldwide. Cashless economies are becoming more and more common around the globe with the passage of time. The numbers of users of currency notes and coins are decreasing slowly but continuously. Now heavy purses are replaced with smart devices for transaction of money not only…
After continuous decline in oil prices in international market since 2014, they are just recovering now. But now it seems that most of the countries in the Gulf region, have entirely changed their economic policy and they are relying heavily on non-oil sector for their economic growth. It is especially true for UAE. Several recent…
The fall in oil prices in international market in 2014 panicked the countries, especially in the Gulf region, that were highly relying on the oil & gas sector for their economy. But the country that mostly remained unaffected by the crisis is UAE. It is due to the measures it took to diversify its economy.…
Wealth and prosperity usually results in lavish and unnecessary spending by regimes. But it is not the case with governments with broad vision that wants to provide continuous comforts to its citizens and keep the economic situation running in a smooth way even in the presence of financial crisis. This type of behavior has been…
A universal custom worldwide is that investors and entrepreneurs would save their profits that they can use for leisure activities or spend on the time of need in later stages. But the trend has gone reversed in UAE due to the extremely supportive business opportunities available in the emirate. According to a recent survey by…
UAE is known as one of the most favorable destination for people from around the world. Every year, the rich Gulf country is visited by millions of tourists while thousands also choose UAE as their place of residence for various reasons. The abundance of job and business opportunities is just one of many reasons for…