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 UAE dirham was introduced in circulation for the first time on 19 May 1973. The Qatar and Dubai riyal were in circulation since 1966 in all of the emirates except Abu Dhabi, where the dirham replaced the Bahraini dinar. For example, oil prices collapsed in 2015 and reduced revenues for GCC countries.5 Many countries toyed with the idea of devaluing their currency against the U.S. dollar. The word "dirham" ultimately comes from drachma the Greek coin The devaluation would boost local revenue because U.S. dollars collected from oil sales could be repatriated for more dirhams.  Currency analysts predict further strengthening of the dirham in the coming months. Emerging markets will most likely continue to struggle and their currency value will depreciate further. This, however, will translate to better returns on remittance for expats in the UAE. Currency analysts advise expats who remit on a monthly basis to continue taking advantage of the soaring dirham...

    Instagram CEO recently said: "We are no longer photo-sharing app". Which literally means Instagram wants its users to post more short video type of content - REELS. Tiktok is growing super fast and Instagram is determined to win this battle .   That's why they will invest $1bln in rewardings for reels creators next years. My opinion that it's just a matter of time when we all start sharing short video posts instead of photo posts Although TikTok has only existed globally for two years, it has already become a cultural staple for Gen Z. TikTok has more than 2 billion downloads and it has all but solidified its place as a social media titan. It outperforms a number of US based apps that attract younger audiences — including Instagram. In late 2019, TikTok dominated in downloads, beating Instagram by over 238 million users. It was the only app...

" The introduction of the Attractions Marketplace marks an important step towards providing the city’s attractions and experiences with the power to market themselves more effectively to a wider audience. The native, purpose-built platform aims to bring this diversity and accessibility into focus, with the online portal facilitating the interaction between all stakeholders to amplify Dubai's reach globally. It will also create a repository of attractions with real-time availability and connectivity, making it an effective one-stop-sh op for global resellers. His Excellency Helal Saeed Al Marri  Director General, Dubai Tourism The WTTC reveals that in 2015, travel and tourism directly supported 330,000 jobs (5.7 percent of total employment). This was expected to rise by 3.8 percent in 2016 and 4.3 percent per annum to 520,000 jobs (or 7.6 percent of total employment) in 2026. An estimated $23 billion is expected to be generated between 2015 and 2021, which is 24% of th...

October 11 is the International Day of the Girl Child. International Day of the Girl Child is an opportunity to celebrate the power of young girls, highlight the challenges they face, and advocate for their empowerment and the fulfillment of their human rights.  International and national efforts to  promote gender equality are chronically underfunded, particularly when compared to other priorities outlined in the 2030 Agenda for Sustainable Development.   An educated young girl is a step toward a brighter and more democratic future. This International Day of the Girl Child, let’s keep investing in girls and working toward that future.  The focus of this year’s internationally recognized day is "EmPOWER girls: Before, during and after crises,"  Girls are breaking boundaries and barriers posed by stereotypes and exclusion, including those directed at children with disabilities and those living in marginalized communities. As entrepreneurs, innovators and initiato...

World Mental Health Day provides an opportunity to talk about mental health in general, how to break the stigma around it, and the importance of speaking out when struggling with a mental health issue. .Everyone, everywhere can participate in this year’s campaign: as individuals, to take concrete actions in support of our own mental health, and to support friends and family who are struggling, as employers, to take steps towards putting programmes in place for employee's wellness. Even before the COVID-19 pandemic, depressive and anxiety disorders featured as leading causes of burden globally, despite the existence of intervention strategies that can reduce their effects. The themes for World Mental Health Day expanded along with the times. Women, children, health, work, trauma, suicide, and so much more became a part of the conversation, and today, the average citizen is more knowledgeable in regards to mental health. we all have mental health that will fluctuate and n...

In the absence of appropriate social policies, the green economy may exacerbate existing gender inequities to the detriment of overall sustainability. In the developing world, women are often the primary agricultural producers. As farmers, entrepreneurs, producers, consumers and household managers, women are key for implementing low-carbon strategies – and thus important agents of change. Structural gender inequality needs to be addressed to assure the well-being of women, the successful transition to a green economy and the achievement of sustainable development . Market-based approaches that emphasize economic growth have tended to exploit and marginalize women in both developed and developing countries in their roles as workers, consumers and citizens. For green growth strategies to succeed, equity issues must be fully addressed.The green economy offers a possibility for a more equitable sharing of revenue between men and women, capital and labour, and rich and poor ...

Private companies in UAE will have to fill 10% of their positions with Emirati nationals within five years Private sector companies in the UAE will have to fill 10% of their positions with Emirati nationals within five years, the UAE said on Sunday, announcing its latest tranche of economic reforms . The initiatives are part of 50 new economic projects the UAE is announcing this month to boost its competitiveness. The regional business and tourism hub has launched measures over the past year to attract investment and foreign expatriates to help the economy recover from the effects of the COVID-19 pandemic. Some of these included liberalising laws regarding cohabitation before marriage, alcohol and personal status laws. "It has always been a difficult act to balance creating incentives for expats to relocate to the UAE and stay for a long time while creating gainful employment for the citizen population," said Hasnain Malik, head of equity strategy at T...

  Expo 2023 Doha as the first Horticulture Expo in the Middle East and North Africa regioun.qatar Expo 2023 will witness a local, regional, and international campaign developed to promote the event. Qatar Expo will be Held under the theme "Green Desert, Better Environment. Horticultural Expo 2023 Doha will be another unique milestone within Qatar Vision 2030 to build a better tomorrow. In assembly it  agreed that the exposition be held between  October 2023 and March 2024. Qatar 2023 Expo will address the challenges that desert countries face in the field of desertification. for future development that aims to transform Qatar into an advanced country capable of sustaining its own development and providing a high standard of living for its population and future generations The main Intention  of the Expo 2023 Doha reflect Qatar’s National Vision 2030.T he world to visit the State of Qatar for an great experience made possible through Expo 2023 Doha   Ex...

Emiratis have hailed the new government initiatives under the ‘Projects of the 50’ stressing that these will attract youths to join the private sector jobs, thereby solving the problem of unemployment among fresh graduates. “I am delighted with the new reforms because they will help build trust and confidence among fresh graduates to join the private sector,” said Al Mazrouie. “Many Emiratis are keen on joining government departments because of job security and high pay yet these jobs are limited and government can’t employ everyone.” The ‘Projects of the 50’ was unveiled by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, earlier this month to establish a comprehensive development cycle leading to UAE Centennial 2071

The news that has been spreading on social media that the government was planning to make some changes to the weekend is fake. No such news has been issued by the government and people should stop circulating such false information as it is misleading residents,” Mohammed Jalal Al-Raisi, executive director of WAM, said in a statement. The UAE is known for its large population of westerners and the proposal to move from a Friday to Saturday Middle Eastern weekend has drawn a mixed reaction. The government denied having changed the rules after social media lit up but talks have taken place.There are ideas that Friday could become a half-day or a ‘work from home day

 the UAE became the first Gulf nation to establish formal relations with the Jewish state, and the third Arab country ever to do so after Egypt and Jordan in 1979 and 1994 respectively. Business exchanges between the two countries, whose economies were hard-hit by the coronavirus pandemic, reached $500 million in August -- excluding investments -- after tourism, aviation and financial services deals were struck . The UAE and Israel have sought to emphasise the economic dividend offered by normalisation, especially Dubai, which continuously seeks to expand its tourism, technology and business sectors Are you willing to set up a Business  in Dubai? Starting a business in Dubai requires following various formalities, licensing procedures, and more. As a business development consultant in dubai I  will  assist you in how to establish business in Dubai,  will also help you in understanding the types of company formation in Dubai, and more. Get in...

Central Bank’s comprehensive support was equally crucial, contributing some Dh100 billion and a range of support packages to the economy. As a result, the UAE ranked first in the Arab world and second globally in the “Resilience to Epidemics 2021” index, issued by the Consumer Choice Center to rate nations’ response to the onset of Covid-19 Projects of the 50  “ Projects of the 50 ” sets in motion key initiatives that will determine the nation’s economic success, with a particular focus on developing a knowledge economy, fostering innovation, establishing stronger bilateral relations with international partners and continuously upgrading the legal frameworks to attract investment, ideas, entrepreneurs and highly skilled professionals from around the world . the desire to keep pushing forward and to keep extending the nation’s horizons that has ensured the UAE remains a global beacon for talent, innovation and endeavour, and a model environment for investment and entrep...

Dubai’s Expo 2020 spurs real estate growth as real estate companies report record sales.Long-term visas for investors and professionals, favorable payment plans and increased flexibility in debt repayment by financial institutions are some of the initiatives that have changed mood. Expo 2020 – which the government calls “ the largest event ever staged in the Arab world will host 190 countries, and millions of visitors from across the globe. Dubai, is betting billions of dollars in its efforts to showcase the Expo as the world’s biggest event ever. The organizers expect 11 million visits by people living in the UAE and 14 million from overseas visitors. Dubai Expo 2020 is expected to drive residency demand throughout the UAE, and one industry player has already seen increased interest in real estate services. “ The enquiries have come from countries with which the UAE has recently signed treaties and where Dubai has promoted foreign direct investment incentives .” The investment in Expo...

Private investment in Dubai real state sector has been the primary driver of UAE construction. Since 2004, Dubai has accounted for about nearly 57 per cent of all construction contracts in the UAE, with 81 per cent of those coming on real estate projects.      Dubai real estate projects have accounted for over 46 per cent of all construction contracts awarded in the UAE over the past 16 years, and 19 per cent of GCC awards.The construction market crisis in Dubai has been impacted by the COVID-19, which led to the halt of construction work. This, in turn, has led to a reduction in net profits in the sector The pandemic will certainly be a severe impediment to growth, and could lead to investment priorities for sectors over others, but over the medium to longer-term, government investment will remain focused on upgrading physical infrastructure and reforming the financing and regulatory environment. Infrastructure projects are a key part of the UAE's econ...

Climate change is already affecting the Arab World in many ways. It will cause extreme heat to spread ,making some regions unlivable. Unfortunately, many of the Arab states are living in conditions of fragility and are consumed by the need to meet short-term goals. At the same time, the rich Gulf Arab states can afford to pump cold air onto sidewalks and in markets to allow for some comfort outdoors. Rising temperatures will put intense pressure on crops and already scarce water resources, potentially increasing migration and the risk of conflict.High temperatures are not just uncomfortable; they are disruptive to life in many respects. By 2050, temperatures in the MENA will be 4°C higher, according to Germany’s Max Planck Institute. By the end of the century, daytime highs could reach 50°C, with 200 days of exceptional heat every year The thought of what will happen in these cities as climate change worsens living conditions , if the standards of governance remain the same...

 iPhone 13 appears to be on the track to launch the iPhone 13 as per its usual calendar. This means that you could eventually witness the iPhone 13 launch in 24 September 2021.  reports have also hint ed towards a launch in the third week of September.  The iPhone 13 will be available in all-new Pink, Midnight, Blue, and Starlight colours. It will also be available in the (PRODUCT)RED colour iPhone 13: Camera -The iPhone 13 comes with an all-new dual-camera system along with a sensor-shift OIS feature. In addition, the iPhone 13 gets the Cinematic mode that can record Dolby Vision HDR. The iPhone 13 will also support HDR video recording with Dolby Vision. The new iPhones support 4K up to 60fps on all cameras. Apple has introduced new camera features like Photographic Styles, Smart HDR 4, and more. The company also brings Night mode on all cameras. These are some of the highlights camera features of the iPhone 13 iPhone 13: Design -The iPhone ...