I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
It would be a very innovative suggestion to look out for Financial Advisors like Monica Lisa Payne who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.
Couple of points to note. It is hugely unlikely for any expat to ever gain citizenship in the Emirates. There are many cases of people being born in the emirates and being kicked out of the country after retirement because they are not a citizen and because both parents are foreigners. Then there is the working conditions. If you are an Emirati, you are basically born into wealth and will be guaranteed the best job, best wages, for doing very little. There are cases of an emirati janitor getting a higher salary than a foreign banker because he is an emirati. Lastly, every citizen is guaranteed a house by the Sheikh. All in all, if you are born to Emirati parents in UAE you have won the gold lottery.
Well lets not be jealous and envious of them and let our countries provide what the uae provides for its citizens thats what governments and leaders should do to their citizens take care of them not starve them.
I am from Abu Dhabi and have lived here since i was born. Life here definitely is good but more than anything over money and luxury is safety and in Abu Dhabi even at midnight you feel safe regardless of your gender and that is one thing that I will miss.
Abu Dhabi has majorly 4 SWF's ADIA, Mubadala, ADQ & Emirates Investment Authority and in total they have an Asset Under Management (AuM) upto $ 1.5 Trillions!!
They also have a fund called mubadala which also has around 220 billion dollars. In recent years uae is emerging as new economic power. They are also diversifying their economy and their relationship with Israel has also changed quite dramatically. Well some experts say uae is the next europe which time will only say
A unit of the Mubadala, Mubadala Capital invested €50 million in the Novalpina Capital private equity fund of €1 billion, which bought the NSO Group in 2019, NSO is the Israeli cyber security firm. The same firm that created Pegasus sypware. So yeah there is definitely something fishy 🤧
LOL having half your country be illegal migrant slave workers so you can afford to be rich. YES, what a great future where more than half your country lives in absolute poverty while 10% are multimillionaires. Just look up how they do trash sorting in these countries and get back to me about them being great leaders shaping the future. the great future is only for the citizens, not the workers
Sorry I’m late, ( cuz might have broke my phone third time in the same year 😂 ) UAE is definitely the golden ring of wealth which pop up from oil in barren sand ,and the fast progression of urbanisation and industrialism. Dubai and Abu Dhabi both made cities in just a decade. And I think due to there future thinking of kings of UAE, it was able to grow at this rate. Great video 👍🏻 If I had that pices of pie , that be sweet one 😋😂
Well lets not be jealous and envious of them and let our countries provide what the uae provides for its citizens thats what governments and leaders should do to their citizens take care of them not starve them.
Social security isn't a wealth fund, it's an obligation. Social security is fine. The obligation/promise is worth much more than $9k/citizen in terms of payouts, and net, it's obviously worth $0, because we will pay in exactly what we get out. These two things are apples and oranges.
Social security does not pay out more than paid in, and by the time you can cash in on it the payments will be so low you will not be able to retire on it.
@@LogicallyAnswered Well, when it comes to deciding between golden police cars and a proper sewer system, of course golden police cars are way more important🤣
I think you are talking about the flooding that happens when it rains. When they were planning the infrastructure in the 1980s and 1990s there was very little rain. Still is very little rain. Over the past 15 years the country started a cloud seeding project, which increased rain beyond what the sewer systems could handle. And thats why some flooding occurs in Abu Dhabi and Dubai. The flooding usually goes away in a few hours.
To those who don't understand how money works which clearly shows most of u don't. The tilte is very deceiving its not like every emarati has 2 million dollars sitting in their bank accounts. It's a measure of sovereign wealth funds collectively that shows its economic diversification. And if that money is to be given out (distributed) among its native population that will account to every single emarati receiving 2 mil. UAE is a young country with a overall small population of 11 million (rough estimate) residents. Only a million of which is its native arab. Before the oil boom. The people lived a nomadic harsh desert lifestyle its only until recent developments the things have changed for them. Before regardless of status everybody used to live the same lifestyle. The rulers and their subjects. They ate same food. Wore same clothes. When the state got rich it made its people rich. There is a far stronger connection between regularly folks and ruling class. The bond is of as if they are 1 family. Keep in mind "All emaratis are rich" is coming from the people who have only lived or visited dubai or abu dhabi Uae is a vast country with 7 emirates its has people from all classes of life.
Hmm with that high money/capita ratio i wonder in the future there is a wealthy country from middle east that buying land from another country let's say Russia to relocated their citizen. Why ? Because climate Change the equator will become hotter and hotter and maybe will be dangerous to live there because there is only 2 outcome of a region one is they become eternal dessert or it will be followed by Mega rain season because the evaporation quadruple. but Northern hemisphere will be Warmer so its feasible to live here
Ok so how come when we try to spread wealth equally in America we shout “inflation will ruin everything” but we praise this country for every citizen having a multimillion net worth
40 50 years ago their Citizenship was easiest thing to get specially for Arabs. But no one wanted it. Even now there is a large number of Iranians among nationals who had become citizens long time back.
I've been enjoying many of your videos lately and watching this made me realize how wrong many of the things you say are, and reminded me that i should always watch any content assuming its based on incorrect information and only believe claims after i research them. I'm an Abu Dhabi citizen and I cringed watching how incorrect line after line after line of what you're saying. you should question the credibility of the sources that gave you all this information. theoretically some of the things could pass as "true" but in reality, none of it (the claims of abu dhabi citizens being x y & z) are even close to being true. And its even more annoying that so many people will get to watch it without questioning the credibility of the information and continue on with their life with such wrong understanding of abu dhabi/ its citizens/ their wealth.
If you really want to get UAE Citizenship then your mother or father must be a UAE National. If both of your parents are Emirati you will receive citizenship once you are born. You also need to have a clean record and not a criminal record. If you get arrested or get into trouble then you will never get Citizenship and asked by The UAE Government to leave the country. Its not that difficult to get UAE Citizenship. it is a little hard but I might get it sometime. My mother is a UAE National. I Have higher or still lower chance of getting UAE Citizenship. I might get it and I might not
@@maazins5875 but it still interests nonetheless? Interests give you profit. Yes, no need to explain to me how stocks, shares and private ownership works as they pay interests or dividends. That's still interests
@@maazins5875 OK but explain to me about receiving interest then ? It also said receiving interest, unless it charity it's haram ?? As I know it, Abu Dhabi using country fund to invest " the country capital" to receive 8% interest back. It cannot be profit as there wasn't expense to begin with. I know profit can be nothing but in this case profit was receive because interest, no ?
Actually foreigners build UAE, to be precise South Asians. Emirates got lucky that they got oil and they used the money to get they want, but now getting a citizenship is top priority of most of the people who worked their sht off just to retire and get kicked off from the country.
its not just UAE. Its almost every single middle eastern country as well. Its very hard and impossible to get citizenship from a middle eastern country. You can only get it if you were born in a country that is a middle eastern country
@@___________2204 I live in abu dhabi but I don't really know much about the stock market either, but I do know that the minimum qualification to apply to enter it for your company to already have 10M+ value in capital and such
There's no income tax.. It's a fair deal. Provide job opportunities and infrastructure for all, and benefit from the GDP and economy. It's not like they directly tax them
?? it's just like every country in the world. If you go and work in the USA as an expat, your income gets taxed, and the citizens of the USA enjoy the benefits. ???
Since when there was slavery in Abu Dhabi? We are the 6th wealthiest country in the world. Also we are different from Dubai. If you don't like us then forget about us because this comment has nothing to do with Abu Dhabi or The UAE
He is a citizen you stupid and he is lower middle class. Most Emiratis make 15,000-20,000 Arab dirhams a month salary. Free insurance which sucks and low tier government public schools so most opt for private education if given the opportunity. There’s no free housing, that 2 million Dirhams loan has to be paid back over time.
Exactly. Those Rich Emiratis you see own a building or they have a business or a company. go to cities such as Al Falah which has most Emiratis making up the population and they are not rich. Only a few are rich because the rest are middle class
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
It would be a very innovative suggestion to look out for Financial Advisors like Monica Lisa Payne who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.
Couple of points to note. It is hugely unlikely for any expat to ever gain citizenship in the Emirates. There are many cases of people being born in the emirates and being kicked out of the country after retirement because they are not a citizen and because both parents are foreigners. Then there is the working conditions. If you are an Emirati, you are basically born into wealth and will be guaranteed the best job, best wages, for doing very little. There are cases of an emirati janitor getting a higher salary than a foreign banker because he is an emirati. Lastly, every citizen is guaranteed a house by the Sheikh. All in all, if you are born to Emirati parents in UAE you have won the gold lottery.
Sounds like a gov that doing a good job for their citizens...
Emarati janitor? Where did you even hear that?
@@fudgerace4356 it is really gud .. but sorta unfair when around 80% of the ppl r expats and they make up 99% of the economy
Well lets not be jealous and envious of them and let our countries provide what the uae provides for its citizens thats what governments and leaders should do to their citizens take care of them not starve them.
The UAE does give citizenship to a small amount of people that did extremely great things and amazing accomplishments for the UAE.
I am from Abu Dhabi and have lived here since i was born. Life here definitely is good but more than anything over money and luxury is safety and in Abu Dhabi even at midnight you feel safe regardless of your gender and that is one thing that I will miss.
Yep. I agree, Iive here as well (Khalifa area) and it's like the safest city in the world. Been here for 6 years already
If you stay in UAE it's pretty much identical safety
@@AlexanderGeorge ur everywhere
Yah but can't get PR
The difference between Dubai and Abu Dhabi?
Dubai doesn't watch The Flintstones but Abu Dhabi do.
Dubai doesn't have oil
Roshan, ok and?
And you’re point exactly ? What’s wrong with the flinstones ? Dubai littered with these things called Brits and uhMericAns 🤡🤡
@@7amoodiii point?? There isn't one. It's a joke. One that went over YOUR thick head. 🙄
This is the way 100%, imagine how wealthy everyone would be in America if we thought this way
With Jevvs you lose
To allow Kingship again? Yeah I know right.
there's no way this can work when our economy is mainly fueled by consumerism instead of investing in the future
Abu Dhabi has majorly 4 SWF's ADIA, Mubadala, ADQ & Emirates Investment Authority and in total they have an Asset Under Management (AuM) upto $ 1.5 Trillions!!
Zayed is a visionary and a great leader that doesn’t get enough credits
sheikh zayed
@@idkrandomsh1t69_2 zayed commercials
They also have a fund called mubadala which also has around 220 billion dollars. In recent years uae is emerging as new economic power. They are also diversifying their economy and their relationship with Israel has also changed quite dramatically. Well some experts say uae is the next europe which time will only say
Ah interesting!
They also have a slave network and people who die to create very dumb designed cities.
A unit of the Mubadala, Mubadala Capital invested €50 million in the Novalpina Capital private equity fund of €1 billion, which bought the NSO Group in 2019, NSO is the Israeli cyber security firm. The same firm that created Pegasus sypware. So yeah there is definitely something fishy 🤧
Visionary leadership sets a precedent for a great future.
LOL having half your country be illegal migrant slave workers so you can afford to be rich. YES, what a great future where more than half your country lives in absolute poverty while 10% are multimillionaires. Just look up how they do trash sorting in these countries and get back to me about them being great leaders shaping the future. the great future is only for the citizens, not the workers
Actually the citizen population in Abu Dhabi is similar to Dubai. Its lower than 15% for sure.
Even better for them then hahaha
love ur vids man!
Thank you so much Sanskar!
Sorry I’m late, ( cuz might have broke my phone third time in the same year 😂 ) UAE is definitely the golden ring of wealth which pop up from oil in barren sand ,and the fast progression of urbanisation and industrialism. Dubai and Abu Dhabi both made cities in just a decade. And I think due to there future thinking of kings of UAE, it was able to grow at this rate.
Great video 👍🏻
If I had that pices of pie , that be sweet one 😋😂
Hahaha, I think we’d all like a piece of the pie!
The answer is very simple just get lucky and have the resources that the world needs.
Lol no it isn't. How many countries have huge amounts of Natural resources? Do you even know what the resource curse is? have a google
u need stability
many other countries have same resources too but they cannot even compete them especially when it comes to luxury
@Brightlight-bd9jc How does the UAE have high IQ
Abu Dhabi has three main sovereign wealth funds - ADIA, Mubadala, and ADQ.
Very Informative
Loved Your Vids🤩
Thank you Ansh!
Just because You are a UAE Local does not mean you are rich. My mother is a Emirati and she is not wealthy or rich. She is middle class
you have just discussed about ADIA... then there is Mubadala and other funds aswell which belong to AbuDhabi..
Lol
Well lets not be jealous and envious of them and let our countries provide what the uae provides for its citizens thats what governments and leaders should do to their citizens take care of them not starve them.
nice video
but could you stop adding "uh" or "ah" at the end of words randomly?
For example: 'Though' should be pronounced "tho" not "tho-uh"
Yeah, I didn’t realize I was doing that. Working on eliminating that in future videos.
Hi Logically Answered! Love your vids
Thank you so much man!
Social security isn't a wealth fund, it's an obligation. Social security is fine. The obligation/promise is worth much more than $9k/citizen in terms of payouts, and net, it's obviously worth $0, because we will pay in exactly what we get out. These two things are apples and oranges.
Social security does not pay out more than paid in, and by the time you can cash in on it the payments will be so low you will not be able to retire on it.
@@Hoopr32 Upon what evidence do you base these claims?
Logically Answered: You and I probably can’t benefit from this.
Me: I’ve lived here 10 years, 20 more to go.
Lol
Unless your rich like Kevin o'leary who got his citizenship a few weeks ago
Proud to live in Dubai
Yet strangely they’re incapable of installing a proper sewer system.
I guess that just wasn’t at the top of their priority list haha
@@LogicallyAnswered Well, when it comes to deciding between golden police cars and a proper sewer system, of course golden police cars are way more important🤣
It is more complicated than you think.
@@therocketmanprince682 true, concrete pipes are sooooo complicated.
I think you are talking about the flooding that happens when it rains. When they were planning the infrastructure in the 1980s and 1990s there was very little rain. Still is very little rain. Over the past 15 years the country started a cloud seeding project, which increased rain beyond what the sewer systems could handle. And thats why some flooding occurs in Abu Dhabi and Dubai. The flooding usually goes away in a few hours.
To those who don't understand how money works which clearly shows most of u don't. The tilte is very deceiving its not like every emarati has 2 million dollars sitting in their bank accounts.
It's a measure of sovereign wealth funds collectively that shows its economic diversification. And if that money is to be given out (distributed) among its native population that will account to every single emarati receiving 2 mil. UAE is a young country with a overall small population of 11 million (rough estimate) residents. Only a million of which is its native arab.
Before the oil boom. The people lived a nomadic harsh desert lifestyle its only until recent developments the things have changed for them. Before regardless of status everybody used to live the same lifestyle. The rulers and their subjects. They ate same food. Wore same clothes. When the state got rich it made its people rich. There is a far stronger connection between regularly folks and ruling class. The bond is of as if they are 1 family.
Keep in mind "All emaratis are rich" is coming from the people who have only lived or visited dubai or abu dhabi
Uae is a vast country with 7 emirates its has people from all classes of life.
so like Norway but more people?
@@hernegenjas8225 just like norway but way less people. Its the natives getting all of it not the foreigners (expat)
Hmm with that high money/capita ratio i wonder in the future there is a wealthy country from middle east that buying land from another country let's say Russia to relocated their citizen. Why ? Because climate Change the equator will become hotter and hotter and maybe will be dangerous to live there because there is only 2 outcome of a region one is they become eternal dessert or it will be followed by Mega rain season because the evaporation quadruple. but Northern hemisphere will be Warmer so its feasible to live here
Never gonna happen in our lifetime
Ok so how come when we try to spread wealth equally in America we shout “inflation will ruin everything” but we praise this country for every citizen having a multimillion net worth
You forgot about Mubadala, it's very much like Abu Dhabi investment authority
Not bad
We're I live in Brooklyn a house is $1.8M
New York is a shithole though
Time to move hahaha
wait WHAT?! abu dhabi was an emirat for more than 400 years. there were people in abu dhabi before 1761
Abu Dhabi did things right
Wish i could have invested
why does the narrator sound like a robot.
0:49 KUWAIT sovereign fund the 3rd in the world
You are correct Mr. Bezos
Bhai tum hindi bol lete ho?
Logically answers
Is all about leadership
40 50 years ago their Citizenship was easiest thing to get specially for Arabs. But no one wanted it. Even now there is a large number of Iranians among nationals who had become citizens long time back.
But the thing is Abu Dhabi is very expensive as compared to other emirates
AD citizens and residents get paid a lot more
I low rolled spawn points
The maths is wrong sorry
I've been enjoying many of your videos lately and watching this made me realize how wrong many of the things you say are, and reminded me that i should always watch any content assuming its based on incorrect information and only believe claims after i research them. I'm an Abu Dhabi citizen and I cringed watching how incorrect line after line after line of what you're saying. you should question the credibility of the sources that gave you all this information. theoretically some of the things could pass as "true" but in reality, none of it (the claims of abu dhabi citizens being x y & z) are even close to being true. And its even more annoying that so many people will get to watch it without questioning the credibility of the information and continue on with their life with such wrong understanding of abu dhabi/ its citizens/ their wealth.
ما عليه برايهم
What was he wrong about ?
e..... im just gonna leave this here
If you think going to dubai or abu dabi is good, nope its hell, unless you spend money there for tourism
why
@@User-qz2wz bc he’s broke
Hi Hari
Hey Naveen
@@LogicallyAnswered hey hari, what are you studying bro??
Citizenship is not able to get in UAE, it's very very difficult
If you really want to get UAE Citizenship then your mother or father must be a UAE National. If both of your parents are Emirati you will receive citizenship once you are born. You also need to have a clean record and not a criminal record. If you get arrested or get into trouble then you will never get Citizenship and asked by The UAE Government to leave the country. Its not that difficult to get UAE Citizenship. it is a little hard but I might get it sometime. My mother is a UAE National. I Have higher or still lower chance of getting UAE Citizenship. I might get it and I might not
@@morestuff64058 Arab countries don't give citizenship irrespective of how many years we work there or not but Europeans will give 👍👏
It’s pronounced ADIA
petrol worth not the citizens
Wait, but I thought it's illegal or forbidden to receive interests or pay interest. So investing or banking is ~ for islam countries. Riba
interest is different from profits
@@maazins5875 but it still interests nonetheless? Interests give you profit. Yes, no need to explain to me how stocks, shares and private ownership works as they pay interests or dividends. That's still interests
@@maazins5875 also he literally said they invest like the S&P500, where they net 8% interests rate yearly.
@@chickenkfc3889 the forbidden interest you are talking about, is the interest charged on borrowing/lending money. It doesnt apply to dividends etc...
@@maazins5875 OK but explain to me about receiving interest then ? It also said receiving interest, unless it charity it's haram ?? As I know it, Abu Dhabi using country fund to invest " the country capital" to receive 8% interest back. It cannot be profit as there wasn't expense to begin with. I know profit can be nothing but in this case profit was receive because interest, no ?
Actually foreigners build UAE, to be precise South Asians. Emirates got lucky that they got oil and they used the money to get they want, but now getting a citizenship is top priority of most of the people who worked their sht off just to retire and get kicked off from the country.
its not just UAE. Its almost every single middle eastern country as well. Its very hard and impossible to get citizenship from a middle eastern country. You can only get it if you were born in a country that is a middle eastern country
The true bliss to this land isn’t oil, but Sheikh Zayed and His sons 🙏🏻 May god have mercy upon his soul
💜💛
you failed to mention the abu dhabi stock market at all. It is huge in why they are so well off.
Can you elaborate? Theres no information online about this
@@___________2204 I live in abu dhabi but I don't really know much about the stock market either, but I do know that the minimum qualification to apply to enter it for your company to already have 10M+ value in capital and such
that's wrong the UAE stock market is small it's not that big
That 697 billion USD are a hard work of of those 88% expats. And you divided that amount with the UAE nationals
Lol u wish 😂
There's no income tax.. It's a fair deal. Provide job opportunities and infrastructure for all, and benefit from the GDP and economy. It's not like they directly tax them
Doesn't matter.
In the end only UAE citizens will get it.
He did not divide it with UAE nationals, that's just truth.
?? it's just like every country in the world. If you go and work in the USA as an expat, your income gets taxed, and the citizens of the USA enjoy the benefits. ???
@@___________2204 but what about VAT.?
dubai is mid
The citizens got rich by two means really, oil and slavery
Since when there was slavery in Abu Dhabi? We are the 6th wealthiest country in the world. Also we are different from Dubai. If you don't like us then forget about us because this comment has nothing to do with Abu Dhabi or The UAE
i am in abu dhabi i dont have even 50K :)
Yes you are not a citizen
Fake my friend is from Abu Dhabi and laughed at this. Most are lower middle class.
Non citizens
He is a citizen you stupid and he is lower middle class. Most Emiratis make 15,000-20,000 Arab dirhams a month salary. Free insurance which sucks and low tier government public schools so most opt for private education if given the opportunity. There’s no free housing, that 2 million Dirhams loan has to be paid back over time.
They must be non citizen expats.
Exactly. Those Rich Emiratis you see own a building or they have a business or a company. go to cities such as Al Falah which has most Emiratis making up the population and they are not rich. Only a few are rich because the rest are middle class
Whats with your speech? Eeek Eekk
Expat dp you mean immigrant