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
Emblem of the United Arab Emirates 2008, when the emblem was modified, the falcon had a red disk, which showed an Arab sailboat in its interior, surrounded by a chain. Emblem of the United Arab Emirates The emblem of the United Arab Emirates () was officially adopted in 1973 and later modified in 2008. It is similar to the coats of arms and emblems of other Arab states. It consists of a golden falcon (Hawk of Quraish) with a disk in the middle, which shows the UAE flag and seven stars representing the seven Emirates of the federation. The falcon has 7 feathers also representing the