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UAE prepares to address the economic challenges of the future

UAE prepares to address the economic challenges of the future

The United Arab Emirates (UAE) has announced measures to help diversify its economy away from dependency on hydrocarbons, and to create jobs for Emiratis in new private-sector opportunities. The package includes an investment of AED24 billion to create 75,000 new private-sector jobs. The UAE government is looking to balance between creating incentives for expats to relocate to the UAE and creating employment opportunities for its own population.

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Editor's choice
News
UAE prepares to address the economic challenges of the future

UAE prepares to address the economic challenges of the future

The United Arab Emirates (UAE) has announced measures to help diversify its economy away from dependency on hydrocarbons, and to create jobs for Emiratis in new private-sector opportunities. The package includes an investment of AED24 billion to create 75,000 new private-sector jobs. The UAE government is looking to balance between creating incentives for expats to relocate to the UAE and creating employment opportunities for its own population.
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Cairo's underbridges on a path of transformation

Cairo's underbridges on a path of transformation

Egypt's capital, Cairo, is home to hundreds of bridges and bridge extensions scattered all over the metropolis. For long, under bridges were a place for the homeless, renegades and illicit activities but the scene is rapidly changing now as underbridges turn into cafes and social corners. 
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Unstable oil prices after Saudi Arabia and UAE fail to agree on supply rates

Unstable oil prices after Saudi Arabia and UAE fail to agree on supply rates

Oil prices jumped to a new high after a disagreement between Saudi Arabia and the UAE about oil production quotas. West Texas Intermediate crude advanced to $76.98 a barrel, the highest since November 2014, as the OPEC+ talks are postponed indefinitely. Meanwhile, Brent crude, the global benchmark, maintained its three-year high of about $77 a barrel. 
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Opinion
Opinion: Containing China is no longer possible despite the fact that many want to

Opinion: Containing China is no longer possible despite the fact that many want to

China was on everyone's lips at numerous summits and international gatherings in the last days and weeks, writes Benyamin Poghosyan in this op-ed for commonspace.eu. "China will be among the key world players throughout the 21st century; it will be the number one economic power, and all have to accept and adapt to this reality. No one has the necessary capacity to contain China, despite the fact that many want to, for the moment for doing that has passed."