A beacon of light
Here is an interesting chart of the UAE ETF (United Arab Emirates Stocks) versus VT ETF (Global Stock Markets).
It shows the UAE market is rising and outperforming global stock markets generally. The ratio chart is in a long term rising trend now.
UAE GDP is growing at roughly 4%, no hint of a recession. The government is pragmatic, with a focus on the economy. The currency is pegged to the USD, and the country has large oil reserves, and a big exporter of oil and manufactured goods, providing a good economic base. The currency is strong. The economy is strong. Crime is low to non-existent. The country is tolerant of all religions and cultures. Their motto is “tolerance”.
If your looking for a place to move to, with a high quality of living, and to escape the collapse of Western Europe and the collective West, then consider putting the UAE on your short list of places to consider to move to. Lots of expats from all over, especially Europeans who got out of dodge before this winter.
The UAE is a beacon of light, and should outperform most other economies in the short, medium and long term.
