Veerendra Kumar said he was cheated by a job agent who had promised him a job in Qatar but sent him to Saudi
The global crisis ended an oil and real estate-led boom in the UAE last year, sending the world’s No. 3 oil exporter into its first downturn since 1993. Dubai’s debt woes have weighed on the economic recovery in 2010.
“The sectors of manufacturing, transport, logistics, services, wholesale and retail trade, hotels, restaurants and government services achieved positive growth,” said Arif Obaid Al Muhairi. He did not say whether the gross domestic product increase was in real or nominal terms.
The property sector contributed 11 per cent to the Gulf emirate’s economy in the first six months, Muhairi said, down from 14 per cent for whole of 2009, and 17 per cent in 2008.
Dubai’s non-oil exports and re-exports soared by 46 per cent and 26 per cent, respectively, in the second quarter, while imports jumped 17 per cent, data has showed.
Muhairi predicted last month Dubai’s GDP growth at 2.3 per cent for 2010, well above a 0.5 per cent forecast by the International Monetary Fund.In February, when uncertainties around state firm Dubai World weighed on the market, the IMF said it saw Dubai’s GDP contracting 1.3 per cent in 2010.
The economy of the emirate, which accounts for some 80 per cent of the UAE non-oil trade, expanded 5.7 per cent in real terms in 2008.
Official 2009 GDP data for Dubai are not available, although the IMF estimates a 0.9 per cent contraction.
Concerns about Dubai’s liabilities, have eased after Dubai World reached a deal in September to restructure almost $25 billion of debt. —
Veerendra Kumar said he was cheated by a job agent who had promised him a job in Qatar but sent him to Saudi
The government authority announced the road closure on social media platform X
Around 800,000 passengers are expected to be affected over the weekend as the damage is heavy and labour-intensive to repair
A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
Authority said the exercise will involve movement of military vehicles and urged residents to stay away from designated areas
'I am proud of you. This is going to be historic,' the former first lady told Harris in a live video call
The application will be operational from Thursday, August 1
Prices for affordable apartments in popular areas have witnessed a rise of up to eight per cent compared to the second half of 2023