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
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
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Company%20Profile
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Brief scoreline
Switzerland 0
England 0
Result: England win 6-5 on penalties
Man of the Match: Trent Alexander-Arnold (England)
The bio
Academics: Phd in strategic management in University of Wales
Number one caps: His best-seller caps are in shades of grey, blue, black and yellow
Reading: Is immersed in books on colours to understand more about the usage of different shades
Sport: Started playing polo two years ago. Helps him relax, plus he enjoys the speed and focus
Cars: Loves exotic cars and currently drives a Bentley Bentayga
Holiday: Favourite travel destinations are London and St Tropez
Dunbar
Edward St Aubyn
Hogarth
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
The Gentlemen
Director: Guy Ritchie
Stars: Colin Farrell, Hugh Grant
Three out of five stars
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The specs: Macan Turbo
Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5