CURRENT AFFAIRS

Detailed explanation-1: -Well before the money from the oil boom, the UAE was thriving off of the money made from the pearls. Pearl diving offered seasonal if not full-time work for many local Emiratis, and many UAE families can still trace their fortunes back to the historic pearl diving their forefathers did.

Detailed explanation-2: -The UAE GDP for 2020 was $359 billion. This reflects the rich natural resources in the UAE, which has 10 percent of the total world supply of oil reserves and the world’s fifth largest natural gas reserves. As a mainstay to the economy, oil exports now account for about 30 percent of total UAE gross domestic product.

Detailed explanation-3: -Pearl diving was once the driving force of the UAE economy. It contributed massively to the UAE’s sustenance and was the major profession for most of the population.

Detailed explanation-4: -Pearl diving in the United Arab Emirates. The Arabian Gulf waters provided an ideal environment for pearling because the oyster beds were shallow enough for divers to reach without the use of breathing gear.

Detailed explanation-5: -It’s hard to believe that pearl diving was once the driving force of the United Arab Emirates – a country renowned for becoming wealthy from oil. The pearl industry boomed from the late 19th century through to the second decade of the 20th century, however it is believed to date back around 7, 000 years.