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 has no social security laws, but make available welfare benefits such as free hospital and medical care, education subsidies, water, and electricity. By virtue of the National Assistance Law, victims of catastrophic illnesses and disasters are entitled benefits. Social security payments are granted to people of old age, with disabilities or incapable of self support. 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