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February 2022

Business

The United Arab Emirates: A Brief Overview Of The Economy – カヴァン・ チョクシ

The United Arab Emirates (UAE) is a federation of seven states located in the Middle East. The UAE has a diverse economy, with key sectors including tourism, real estate, retail, transportation, and banking カヴァン・ チョクシ. The UAE’s current population is around 9 million people, with over 10 million expected by the end of 2010. The capital city of the UAE is Abu Dhabi, widely considered to be one of the richest cities in the world. In addition, Dubai (the financial hub) and Sharjah (a center for culture) are also major cities in this federation.

The State of the UAE’s Economy

The UAE’s economy, one of the most vibrant in the Middle East, has experienced an impressive amount of growth since its foundation. Before independence in 1971, oil production accounted for nearly all of the country’s exports and about 25% of GDP. However, today oil accounts for less than 5% of GDP, and the UAE has turned away from oil-dependency to focus on tourism, real estate, transportation, and high-end commerce.

The ongoing growth in the UAE’s economy is largely due to its growing population. In addition, the country’s large expatriate communities are an attractive market for foreign investment because of their spending power and status as non-residents. Currently, the UAE’s economic growth is estimated to be about 6%.

The UAE also has abundant natural resources. The country has the world’s seventh-largest supply of oil and substantial natural gas reserves. In addition, the UAE is known for its healthy non-petroleum-based economy with sustainable development achieved through long-term plans aimed at diversifying the UAE’s economic base.

Since oil was first discovered in 1958, income inequality has been an ongoing concern. Despite efforts to redistribute the nation’s wealth, most of the oil revenues continue to accrue to a small portion of citizens living and working near oil and natural gas fields in Abu Dhabi and Dubai.

In its efforts to diversify the economy, the UAE has made several attempts to attract foreign investment and increase tourism. For example, in 2008, Dubai opened Burj Dubai as part of a massive construction campaign designed to show new economic growth strategies.

The government is attempting to reduce dependency on foreign workers by encouraging local entrepreneurship and job creation through government-sponsored loans and public education. New measures have also been introduced to encourage Emiratis to conduct business outside of the country and invest their money in foreign markets, such as Jordan and Pakistan.

The UAE has no taxes on income or capital gains. However, there is a 5% VAT for most goods and services. Property taxes fluctuate depending on the municipality and property value.

The UAE’s financial markets have also experienced rapid growth in recent years, with a stock market capitalization of over $400 billion. The average return on equity exceeded 18% from 2007 to 2008, while labor productivity increased by about 9%.

The country’s main economic challenges include:

  • Achieving stability in the real estate market.
  • Reducing dependency on foreign workers.
  • Increasing the standard of living for the Emirati population.

The primary methods for addressing these issues have included stricter regulations in the mortgage market, immigration laws designed to make it easier for employers to hire locals, and public education campaigns aimed at promoting entrepreneurship and developing a skilled workforce.

Conclusion

The UAE has a thriving economy, with key sectors currently performing well. In addition, the diversification of the UAE economy has helped make it more resilient and stable.

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Jazz Piano Albums Every Fan Should Own – Kavan Choksi Japan

If you are a fan of Jazz piano like Kavan Choksi Japan, and others around the world, this list will undoubtedly be an excellent starting point. However, if you are not, perhaps this list may inspire you to become one!

Bear in mind that these albums and artists are aimed at piano fans (and the general listener), focusing on Jazz rather than Classical pianists.

Oscar Peterson, Night Train (1963)

Recorded at a time when he was arguably most popular and acclaimed, ‘Night Train’ is perhaps the best example of O.P in action. Recorded in one take is a perfect example of his creativity and endurance.

Thelonious Monk, Thelonious in Action (1958)

‘The Man with the Horn.’ Monk could never be accused of being predictable – this album shows why. The sheer professionalism and musicianship on display are something to marvel at.

Kenny Barron, The Traveler (1994)

It is frequently hailed as one of the most influential jazz pianists today. This album was his first venture into more mainstream Jazz, and it is clear to see why. Perhaps not as ‘out’ as some other recordings on this list, but hugely accessible nonetheless.

Keith Jarrett, Köln Concert (1975)

This album of solo piano improvisation is a classic of the genre. Recorded in 1975, Jarrett’s feelings about his playing and emotional state are captured brilliantly on tape – a very special experience indeed.

Cannonball Adderley, Mercy, Mercy, Mercy! (1966)

Songs from this album were frequently covered by others, and the original releases were especially popular. The album combined soul/funk-inspired arrangements with a spattering of classic covers (including ‘Here, There and Everywhere).

Herbie Hancock, Empyrean Isles (1964)

This incredibly influential album is widely credited as being one of the first to merge jazz improvisation with rock rhythms successfully. It is truly a groundbreaking album for the jazz world.

McCoy Tyner, The Real McCoy (1967)

This album firmly established Tyner as one of Jazz’s best pianists of all time – at least it did among listeners and fans alike. His unique style shines through in every song with an almost spiritual quality.

Bill Evans, Sunday at the Village Vanguard (1961)

Another Bill Evans album? Yes, indeed – but this one is special because it was his first collaboration with Jim Hall on guitar. This album represents a ‘coming of age in many ways for Evans and shows him maturing as an artist. As usual from Evans, the level of musicianship and creativity is mind-blowing.

Brad Mehldau, 10 Years Solo Live (2005)

This album showcases why Brad has been hailed as ‘the new Bill Evans.’ His playing has a natural, unforced quality that avoids self-indulgence without compromising on the emotional impact of the music in any way.

Bud Powell, The Amazing Bud Powell (1949-1951)

This album is essential for any Jazz fan as it shows the true extent of his mastery and musicality. His dazzling speed and precision are matched by an ability to evoke a truly unique atmosphere in just about every song.

Keith Jarrett, Standards Vol 1 & 2 (1991)

These albums are perhaps Jarrett’s most accessible recordings for general Jazz listeners. His adaptability on the piano is matched by his sheer creativity and ability to give songs a fresh sound that no one else could replicate.

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