Dubai's economy has shown remarkable resilience, with a 3.2% growth in its gross domestic product (GDP) during the first quarter of 2024, amounting to over AED 115 billion (approximately $31.3 billion). This growth reflects the emirate's ongoing economic momentum and is attributed to several key sectors. Sector Contributions to GDP Growth Several foundational sectors of Dubai's economy have...
Jumeirah Islands has emerged as a prime destination for the elite seeking to establish their homes in Dubai. This prestigious area now joins the ranks of other high-end neighborhoods like Emirates Hills, Jumeirah Bay Island, and Palm Jumeirah. Over the past three years, Jumeirah Islands has accounted for more than 10 percent of all property transactions valued at over Dh10 million, underscoring its...
2024 marks a pivotal year for global democracy, with a record 76 countries casting votes. This surge in civic engagement coincides with a troubling rise in right-wing populism, which often scapegoats climate change initiatives for economic challenges faced by the electorate. Despite the compelling evidence that green policies can enhance incomes, productivity, and overall economic growth, there's a...
ALEC Engineering and Contracting LLC, a prominent GCC and African construction firm, recently unveiled a new mentorship program named ‘Mustaqbal’. This initiative aims to enhance the technical and leadership skills of young Emirati professionals in the construction sector, aligning with the UAE government's goal to boost Emirati participation in the private sector's growth.The program is part of...