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
Legal system of the United Arab Emirates Legal system of the United Arab Emirates The judicial system in the United Arab Emirates is based on the British law, civil law system with influences from Islamic, French, Roman and Egyptian laws. Under the Constitution, each Emirate is allowed to either establish its own judiciary or to merge with the federal court system. Federal Court System The UAE federal system includes courts of first instance (trial court), courts of appeal and the court of cassation (Supreme Court). State Court System The State (or Emirate) judicial system (النظام القضائي المحلي "local judicial system") has also trial, appeal and cassation courts.