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Downtown Dubai at night. The economy of Dubai represents a per capita gross domestic product as of 2022 of US$46,665. [1] Dubai has substantially transformed over the last couple of decades. [2] More than 90% of the population are foreigners. [2] The International Herald Tribune described it as "centrally-planned free-market capitalism". [3]
According to Dubai Women's College, 50-60% of its 2,300 students proceed to seek employment upon graduation. The literacy rate of women in the UAE is 95.8%, while it is 93.1% among men. Women constitute 80-90% of the student population at two of the nation's three federal institutions of higher learning.
GEMS Education was founded in Dubai, and its first school there, Our Own English High School, originally opened in 1968. The company still has its strongest presence in Dubai and in the United Arab Emirates. GEMS is the largest education provider in the UAE, and the UAE accounts for more than 90% of its business. [50]
Expatriates in the United Arab Emirates represent about 88% of the population, while Emiratis constitute roughly 12% of the total population, making the UAE home to one of the world's highest percentage of expatriates. [1] [2] Most of immigrants reside in Dubai and the capital, Abu Dhabi. [3] The UAE is home to over 200 nationalities. [4]
Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current prosperity has been attributed to Abu Dhabi's petrodollars. In 2014, Dubai owed a total of $142 billion in debt. The UAE government has worked towards reducing the economy's dependence on oil exports by 2030.
The UAE Presidential Guard ( UAE-PG) ( Arabic: حرس الرئاسة لدولة الإمارات العربية المتحدة) is an elite military special operations unit of the United Arab Emirates Armed Forces. It is a military unit that operates outside the conventional framework of traditional armed forces. Its estimated 12,000 personnel ...
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