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It is going to be Biggest Budget in UAE history this year, says Sheikh Maktoum.

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Biggest Budget in UAE history in 2021

Citizens of the nation comes first, says Sheikh Maktoum. So this year it is going to be Biggest Budget in UAE history. Keeping all the citizens of UAE in mind.

Biggest Budget in UAE history biggest ever

Biggest Budget in UAE history biggest ever

Sheikh Maktoum:

The Biggest budget in UAE history reaffirms that a satisfactory life for the UAE people. They are planning to build a more stable national economy is vital to delivering the overall development of the federation.

Dh290 Billion Federal budget:

This year it is a Dh290 billion five-year federal budget. An announcement came on Tuesday as proof that the UAE Government will ensure peace. Also security, and satisfactory life for its people. Also read about the KKR vs DC semifinal IPL 2021.

Sheikh Maktoum Largest Budget:

The largest budget in the UAE’s history reaffirms that a fair life for the UAE people would always be a priority. Moreover, building a more stable national economy is vital to achieving the overall development of the federation.

Financial resources UAE:

Sheikh Maktoum said earmarking financial resources to achieve growth goals is a preference for wise leadership. He emphasised the value of investing in human talent by promoting education, health and human development sectors.

Mohamed Hadi Al Hussaini:

Minister of State for Financial Affairs said that based on the bold leadership’s directives. The Dh58.94 billion 2022 budget tries to improve government services. For example, provide the most powerful levels of social care, wellness and educational services, Support infrastructure, and create an engaging community and business environment.

Kamal Vachani, group director Al Maya Group:

The five-year budget notes that the bold leadership of the UAE. They aims for the long-term sustainable extension as the country begins the new federal 50th with courage, optimism and global goals. “The largest allocation of the 2022 budget is for the community and social interests sector directed at uplifting the nation further.”

Adeeb Ahamed Lulu Financial Holdings:

The growing federal budget to concentrate on sustainable regeneration ambitions. “The budget is properly place to stimulate the majority of important sectors. 

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Chinese making new Dubai in Srilanka Colombo Port City; see pictures.

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new dubai and honkong city in srilanka

Srilanka is getting new makeup from China, a new Port city of Srilanka turning into new Dubai. Chinese making new Dubai in Srilanka Colombo Port city, pictures are stunning. 

new dubai in srilanka made by chinese

It can be a game-changer for Lanka, but the question remains how will china work after a time. We all know how dominant is China. Srilanka has taken risks that can better or take them to hell. Whatever it is will know in future. But currently, pictures coming from Colombo fort city are no lesser than Dubai. Chinese are making something unique and eye-catching buildings and roads in Srilanka. 

High tech city of Srilanka:

It is becoming a high-tech city from a low side port place of Srilanka. Chinese making new Dubai in Srilanka Colombo Port City and it will become the next hong kong and Dubai of the world, says developers of China. We all know land is given for a 99year lease to China. The place is now getting high-class infrastructure which Srilanka never expected. It is an all-new Dubai in Srilanka. 

After several years of dredging, building activity is gaining momentum, and the new city is taking shape.

Giant cranes led by Chinese engineers move concrete slabs while earthmovers fill trucks with tons of sand. A river parting through the recycled land has already been dredged, allowing small ships and yachts access.

Officials estimate it will take about 25 years to complete the first of its kind in South Asia.

No tax for people living there:

Sri Lanka will give the land under its management, and the area assigned to the Chinese will be contracted to global firms, banks, and other companies. The govt may also assess a levy on their revenue.

More than 80,000 people will live in the new city, which will offer tax holidays for those who fund and do trade there. All businesses in the special economic zone, including earnings, will be in US dollars.

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

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Digital currencies Bitcoin, Ethereum, Dogecoin’s ongoing downfall continues.

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Digital currencies 2022

After touching a sky-high of $68990.90 in 2021 Crypto and other Digital currencies Bitcoin, Ethereum continues to go in another direction. 

cryptocurrency

cryptocurrency

Digital currencies Bitcoin and all are having a tough time moving positive side from past few weeks. After touching record, high Bitcoin is constantly falling in downside. 

The biggest Crypto has fallen by 1%, which is not a small margin for any investor. Currently, it is moving around $42000 level. Bitcoin’s other digital assets like Ethereum and Dogecoin are also falling down from their high. 

Digital currencies 2022

Digital currencies 2022

Also read about Chamath Palihapitiya Billionaire view on China’s abuses on Uyghurs.

Upperside expected:

All the investors who are into this business are still optimistic. Despite ongoing volatility, they feel digital currencies will see a new high in 2022. But in reality, if you see Crypto has fallen by 30% from the top. 

Use of digital currencies worldwide:

On the other side use of digital currencies is growing in many countries. It is a good sign now people believe in these currencies. From Germany to the U.K. and the U.S., every nation’s residents use this currency and are bullish about the positive future. 

More than 75% are keen to buy crypto products worldwide. So in the next 12 months, we can expect much more highs in this field. Investors who have already invested can remain in the market for a longer time. More joys to come in 2022, say experts. 

Investing approach has changed with Crypto coming into existence. People want something new in the market. So we can expect digital currencies to grow more in 2022. 

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

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Chamath Palihapitiya Billionaire feels it’s disappointing ‘no one cares about Uyghurs in China.’

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Chamath Palihapitiya Billionaire

In his recent Podcast, Chamath Palihapitiya Billionaire investor, talked about abuses happening with Uyghurs in China. It’s sad no one in the world is damn caring about what’s happening with the Uyghurs community in China. 

Torcher happening with Uyghurs and other Muslim minorities is sad. It is forced labor work and mass torching of communities that are not Chinese. Said Chamath Palihapitiya Billionaire investor.

Chamath said he is concerned about the supply chain, climate change, and Health system of America. China taking over Taiwan and Uyghurs facing problems is also a big concern. 

Billionaire investor Chamath Palihapitiya began a backlash on social media after speaking during a recent outbreak of his podcast that “nobody cares” about the ongoing human rights vitriols against the Uyghurs in China.

90 minute podcast of Chamath Palihapitiya investor:

In his 90-minute episode, Palihapitiya told co-host, Jason Calacanis, on their “All-In” podcast that he would be fibbing if he said he oversaw the Uyghurs, an ethnic Muslim minority in China’s northwest province of Xinjiang.

Every time I say that I care about the Uyghurs, I’m just lying if I don’t care. And so, I’d rather not lie to you and tell you the truth; it’s not a focus for me,” said Palihapitiya, a happening capitalist who owns 10% of the NBA team, the Golden State Warriors. From BBC.

Chamath Palihapitiya A Refugee:

Chamath also said as a refugee, my family flew a nation with its own set of human rights problems. So this is something that is very much a piece of my lived background,” said Palihapitiya, who was born in Sri Lanka. To be precise, my view is that human rights matter, whether in China, the US, or elsewhere. 

White house on human crimes in China:

The White House told a diplomatic boycott of the 2022 Winter Olympics in Beijing, citing “ongoing genocide and offenses against humanity in Xinjiang and other human liberties abuses.” This was in last month, December 2021. 

UN bureaucrats have earlier voiced worry over Beijing’s extreme measures of stopping those who condemn the Chinese Communist Party.

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

 

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