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
National Day (United Arab Emirates) processions are held at Abu Dhabi National Exhibition Centre for the rulers of the Emirates, members of the Federal National Council, and Emirati citizens. National Day (United Arab Emirates) National Day (; "Al Yawm Al Watani")" is celebrated on 2 December each year in the United Arab Emirates. It marks the UAE's Union Day between the seven emirates which was followed by the joining of the seventh emirate, Ras Al Khaimah, in 1971. The National day of UAE stands for the nationalisation from the British Protectorate Treaties which were declared in 1968 and also falls on the anniversary of the