Zarak Financial Blog
I want an individual who is excited about living life. An Optimist who wakes up and figures they're going to get it on today. Someone who addresses challenges in a positive way and doesn't whine too much, that's what I look for in people I hire."
--John Krebbs, CEO, The Parker Company
By: Dmitriy Fomichenko
Most people turn to stocks, bonds and mutual funds when they want to invest for retirement. These assets can be good sources of passive income — but some retirement savers prefer to mix in alternative investments, such as real estate, as well.
It seems as though the airline industry is in a perpetual state of crisis.
How do they do it? Their mantra seems to be "keep it simple," having mastered the art of cost-cutting, reports Seth Stevenson at Slate.
Here are some of the strategies employed to keep operating costs low:
The United Arab Emirates (UAE) is having a Gross Domestic Product (GDP) of USD 570 billion (2014). It has stayed as an oil-driven economy for a few decades until recently but has successfully diversified. 71% of its economy is earned from non-oil sectors today. A substantial contribution towards diversification is from its huge construction projects, widening manufacture base and services sector. Effect of thriving tourism also puts in sizably into this economic spread.
Unification in 1971 brought the seven emirates together (Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain), and thrived towards collective development which lacked before unification. The economy shifted from being fishing, pearl-diving and seafaring to cultured pearls and oil-based wealth. on-oil trade of UAE has grown more than 27 times from 1981-2012.