Dubai's Executive Council met on Thursday to review gross domestic product growth and plan the development of a stronger knowledge economy.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, led decision-makers in a meeting at the new Mohammed bin Rashid Library.
GDP growth hit 6.2 per cent in 2021 and 5.9 per cent in the first quarter of 2022, he said, marking a strong recovery after the coronavirus pandemic stalled economies across the globe.
“We realise that the next stage of our development journey and our economic achievements will be based more on knowledge and the knowledge economy, and we are ready for the next stage of Dubai's development march,” he said on Twitter.
The government has plans to make the city a global centre for technology, coding and cryptocurrency trading, along with research and development.
Earlier, Dubai authorities said 6.17 million international visitors were recorded between January and May 2022, buoyed by Expo 2020 Dubai.
That marked growth of about 200 per cent compared to the same period in 2021, at the height of the pandemic.
“As we look ahead to the remainder of 2022 and beyond, we will harness the key elements that have ensured the industry’s steady growth year after year since we reopened to international visitors in 2020 — providing an unparalleled diverse destination offering that offers unique value and memorable experiences for our guests,” said Helal Almarri, director general of Dubai’s Department of Economy and Tourism.
Inside Mohammed bin Rashid Library: in pictures
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UAE currency: the story behind the money in your pockets
Generation Start-up: Awok company profile
Started: 2013
Founder: Ulugbek Yuldashev
Sector: e-commerce
Size: 600 plus
Stage: still in talks with VCs
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Gran Gala del Calcio 2019 winners
Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)
Astroworld
Travis Scott
Grand Hustle/Epic/Cactus Jack
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Euro 2020 qualifier
Ukraine 2 (Yaremchuk 06', Yarmolenko 27')
Portugal 1 (Ronaldo 72' pen)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded