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
Culture of the United Arab Emirates for large cash prizes and to be crowned the World Pro champion across different belts and weight divisions. It is also part of the government school curriculum in the emirate of Abu Dhabi with thousands of boys and girls taking part from grade 6 and upwards.There is also another famous sport of UAE using horses called equestrian sport. Other popular sports include camel racing, car racing, falconry, endurance riding, and tennis. Culture of the United Arab Emirates The United Arab Emirates has a diverse society. The country's historical population as a small tribal community has been changed with the arrival