Economics of the UAE

majorly driven by the oil explorations vast oil reserves are found within the region.

Oil contributes the highest GDP to the UAE.

UAE's economy is one of the most open in the world.

Economics of the UAE

The economy of the UAE and other Arab countries is majorly driven by the oil explorations that are as a result of the vast oil reserves that are found within the region. Oil is the single natural resources that contribute the highest GDP to the UAE to an extent that foreign explorers are also involved in the mining and processing of the oil. It shapes both the economic trends as will be seen below and also the leadership and the politics of the region.

Inflation in UAE has been recorded at 2%

Despite the global credit crunch and recent crisis in Dubai, reports indicate that Dubai has the lowest...
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