Economy of the United Arab Emirates Economy of the United Arab Emirates The economy of the United Arab Emirates is the second largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of $403.2 billion (AED 1.46 trillion) in 2014. The Emirates have been successfully diversifying its economy. Although the UAE has the most diversified economy in the GCC, its economy remains extremely reliant on petroleum (oil). With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gas continue to play a central role in the economy, especially in Abu Dhabi. More than 85% of
Cabinet of the United Arab Emirates bin Mubarak Al Nahyan, public works minister, was appointed minister of higher education and scientific research. He replaced Nahyan bin Mubarak Al Nahyan, who was appointed minister of culture, youth and community development. Cabinet of the United Arab Emirates The Cabinet of the United Arab Emirates is the chief executive of the United Arab Emirates (UAE). The first cabinet was formed following the inception of the UAE federation in 1971. The last reshuffle was on 20 October 2017 which was the first reshuffle since 2013. The heads of four ministries were changed in the reshuffle: Ministry of public works, ministry