Experts laud UAE leaders&rsquo vision on economic resilience, jobs creation – MENAFN.COM

  • Date: 23-May-2021
  • Source: MENAFN
  • Sector:Economy
  • Country:UAE
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Experts laud UAE leaders&rsquo vision on economic resilience, jobs creation – MENAFN.COM

The UAE continues to buck global trends on multiple fronts despite a raging pandemic and proves its economic resilience by handling crises through a leadership approach and out of the box solutions of challenges being faced by the world, experts say. Referring to the UAE's successful strategy to tackle the Covid-19 pandemic, analysts, executives and corporate leaders said the emirate was one of the very few nations that opened their borders for travel and economy for business following a successful drive against the pandemic, resultantly creating thousands of jobs under challenging environment. ''The world economy shrank 4 per cent, international trade dropped 20 per cent, and the world lost millions of jobs in 2020," Sheikh Mohammed tweeted. ''In the same year, the UAE economy created 100, 000 jobs in retail sector and e-commerce and 148, 000 jobs in the financial, technology and telecommunications sector. We repeat: Crisis management creates opportunities and management crises destroy gains," said Sheikh Mohammed. Analysts and executives echoed the similar views and paid rich tribute to the visionary and wise leadership of the UAE for crisis management and creating new business opportunities in the country. ''Commendable achievement, after initial set back due to an uncertainty on