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
Education in the United Arab Emirates and rote learning instead of encouraging active student participation. The Abu Dhabi Education Council (ADEC) has signed agreements with organizations like the International Baccalaureate Organization as part of their efforts to widen the options and meet the needs of students. At the tertiary level, numerous institutions are available to the student body. In 1976, the United Arab Emirates University (UAEU) was established in Al Ain in Abu Dhabi Emirate. Consisting of nine colleges, it was considered by the UAE government to be the leading teaching and research institution in the country. More than 14,000 students were enrolled at UAEU in