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Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai. [6]
Website. careem .com. Careem is a Dubai -based super app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions. [ 2] The company, which was valued at over US$ 2 billion in 2018, [ 3] became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. [ 4]
The UAE has a number of free zones across Dubai, [ 1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [ 2] 100% foreign ownership of the enterprise. 100% import and export tax exemptions.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [ 5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
The UAE has 7% of global proved oil reserves, about 100 billion barrels. [ 1] Primary energy usage in 2009 in the UAE was 693 TWh and 151 TWh per million persons. [ 2] The UAE is currently transitioning from an electricity generation system nearly 100% powered by gas power plants (2010) to 100% powered by solar, other renewables and nuclear in ...
In the late 1970s, UAE Radio started independent services. Channel 4 was the first commercial radio station, followed by Emirates Media Radio and the Arab Media Group. As of February 2014, independent radio stations in the UAE include 7 each in English and Hindi, 12 in Arabic, 4 Malayalam, and one each in Tamil, Tagalog, Russian and Persian.
The TDRA is a regulatory body that oversees the telecom sector and the licensees in the UAE in accordance with the Federal Law by Decree No. 3 of 2003 and its Executive Order, and implements the directives of the Board of Directors. [citation needed] The TDRA is an independent body and its duties include ensuring telecom services are available ...
Today, Apple is the most valuable company in the world with a market cap of $3.43 trillion according to Yahoo Finance data. The company is entering the AI age while raking in billions of dollars ...