Whether we call it a recession or not, one thing is sure, we are going through a severe economic crisis, which will be discussed (once over) in the Economics syllabus and debates, in coming years. In this global crisis, where the likes of United Estates or European economies are feeling the heat, United Arab Emirates economy continues to head into positive direction. All the economic indicators and reports are also confirming to the fact that there will be no slowdown in near future. Let’s have a look at this thriving economy and the contributing factors.
Oil & Gas reserves:
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Arab societies have always been patriarchal in nature. The prevalence of strict Islam makes them male dominated in all walks of life. Despite the modern face lift of their infrastructure and economies they have had, most Arab countries are still adamant when it comes to providing their women with equal opportunities as men. For example, in a country like UAE, which has a high level of female education, the ratio of female participation in the workforce is still very low. As per the officially made available data, about 65% of the UAE’s university students were females, but their participation in the country’s workforce was only around 15%.
This might be about to change however, if the recent trends from media and various government resources had to be believed in. With a booming economy and increased job opportunities, the UAE government was trying out its best to empower their women with higher education and job placements. This has given rise to a sudden influx of the local women applying for jobs in various professions. One could see as a result, many young and confident Arab ladies taking up responsibilities on various fronts in the UAE today. From being radiologists to TV presenters or managing online ventures, the UAE’s women are moving forward in all spheres gradually.
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