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Business Tim Hatherley-Greene Business Tim Hatherley-Greene

Is Dubai a model for economic diversification in the Arabian Gulf?

The Emirate struck oil in 1969 but today black gold accounts for less than 1% of its GDP. 

On a sunny October morning just over three decades ago, an unknown airline from a little-known city took to the sky for its inaugural flight. With scarce resources, the airline had leased two planes from Pakistan International Airlines for those first journeys to Karachi.

Today, Emirates Airline -- based in Dubai -- is a global aviation giant. Its distinctive logo is splashed across the shirts of Premier League football teams and adorns the courts at global tennis tournaments. With a passenger capacity of more than 60.5 million at the end of 2016-17, it is the world's largest international carrier. 

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Business Tim Hatherley-Greene Business Tim Hatherley-Greene

69% of adult population in UAE have 'good' jobs

Global research looks at how many people have full-time jobs and are happy or engaged at work.

Although you may be forgiven for thinking the employment market is challenging for job hunters these days, a new study suggests that about seven in ten people in the UAE have a “good job”.

No other country in the world, or any popular expatriate destination, has a higher share.

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Business Tim Hatherley-Greene Business Tim Hatherley-Greene

Here’s how many millionaires live in UAE right now

UAE keeps adding millionaires every year and chances are that you could bump into them as you go about your daily routine.

While the UAE produces overnight millionaires just about every month - thanks to lottery draws — thousands of wealthy people from around the world migrate to the UAE every year.

And that is why it may be safe to assume that, as the country’s well-heeled population constantly grows, chances are that you could bump into a millionaire as you go about your daily business.

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