The UAE created about 250,000 jobs in the retail, finance, technology and telecoms sectors in 2020 despite the Covid-19 pandemic that hit global trade and severely affected the labour market.
The country, the second-biggest Arab economy, added 100,000 jobs in the retail and e-commerce sector and 148,000 jobs in the finance, technology and telecoms sectors in 2020, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said in a tweet on Saturday.
"Crisis management creates opportunities ... and crises in management destroy gains," Sheikh Mohammed said.
This boost to the job market in the UAE defied a global economic contraction of 3.3 per cent last year.
The Covid-19 pandemic tipped the world economy into its worst recession, disrupted trade, hindered travel and forced countries into lockdowns that led to higher unemployment and poverty, according to the International Monetary Fund.
Global trade shrunk by 8.5 per cent last year, according to the fund’s estimates. About 8.8 per cent of global working hours were lost last year due to the pandemic, roughly four times the number lost in the 2008 financial crisis, according to the International Labour Organisation.
The UAE reacted quickly to the pandemic-driven slowdown and introduced economic stimulus measures to help businesses and residents.
Overall, the country has unveiled economic support packages worth at least Dh388 billion since the onset of the pandemic.
Dubai was among the first cities to reopen its borders to international tourists in July after it put in place rigorous health and safety measures that gave the hospitality and retail sectors a boost.
While 2020 was a tough year for brick-and-mortar retailers, the pandemic hastened the growth of the e-commerce sector as more consumers shopped from home amid movement restrictions.
In the UAE, the increase in online consumer spending in 2020 was mainly driven by a 21 per cent annual jump in the number of online shops, in addition to a 44 per cent annual surge in the number of high-volume e-commerce trading partners last year, according to Mastercard.
The technology sector also benefitted from additional investment during the pandemic as businesses came up with more innovative solutions for telehealth and remote working and learning.
Start-ups in the Mena region secured more than $1 billion in funding last year, with e-commerce and FinTech retaining their top spots by number of deals.
The two sectors represented 24 per cent of all deals in 2020, according to data platform Magnitt.
In Dubai, the DIFC set up an innovation licence to encourage international FinTechs to move to the free zone.
The UAE, Egypt and Saudi Arabia accounted for 68 per cent of total Mena deals disclosed last year. The UAE received the largest share of funds raised and was ranked first by deal numbers, the report showed.
Start-ups in the UAE attracted more than half of the total venture capital into the region and more than a quarter of Mena deals.
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UAE salary guide 2021
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
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The specs
Engine 60kwh FWD
Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry
Power 204hp Torque 360Nm
Price, base / as tested Dh174,500
MEYDAN%20RACECARD
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PROVISIONAL FIXTURE LIST
Premier League
Wednesday, June 17 (Kick-offs uae times) Aston Villa v Sheffield United 9pm; Manchester City v Arsenal 11pm
Friday, June 19 Norwich v Southampton 9pm; Tottenham v Manchester United 11pm
Saturday, June 20 Watford v Leicester 3.30pm; Brighton v Arsenal 6pm; West Ham v Wolves 8.30pm; Bournemouth v Crystal Palace 10.45pm
Sunday, June 21 Newcastle v Sheffield United 2pm; Aston Villa v Chelsea 7.30pm; Everton v Liverpool 10pm
Monday, June 22 Manchester City v Burnley 11pm (Sky)
Tuesday, June 23 Southampton v Arsenal 9pm; Tottenham v West Ham 11.15pm
Wednesday, June 24 Manchester United v Sheffield United 9pm; Newcastle v Aston Villa 9pm; Norwich v Everton 9pm; Liverpool v Crystal Palace 11.15pm
Thursday, June 25 Burnley v Watford 9pm; Leicester v Brighton 9pm; Chelsea v Manchester City 11.15pm; Wolves v Bournemouth 11.15pm
Sunday June 28 Aston Villa vs Wolves 3pm; Watford vs Southampton 7.30pm
Monday June 29 Crystal Palace vs Burnley 11pm
Tuesday June 30 Brighton vs Manchester United 9pm; Sheffield United vs Tottenham 11.15pm
Wednesday July 1 Bournemouth vs Newcastle 9pm; Everton vs Leicester 9pm; West Ham vs Chelsea 11.15pm
Thursday July 2 Arsenal vs Norwich 9pm; Manchester City vs Liverpool 11.15pm
CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
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COMPANY%20PROFILE
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Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) | US$95,000 | (Dirt) 2,000m
7.05pm: Meydan Classic Listed (TB) ) | $175,000) | (Turf) 1,600m
7.40pm: Handicap (TB) ) | $135,000 ) | (D) 1,600m
8.15pm: Nad Al Sheba Trophy Group 3 (TB) ) | $300,000) | (T) 2,810m
8.50pm: Curlin Handicap Listed (TB)) | $160,000) | (D) 2,000m
9.25pm: Handicap (TB)) | $175,000) | (T) 1,400m
10pm: Handicap (TB) ) | $135,000 ) | (T) 2,000m
Dengue%20fever%20symptoms
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The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
