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
Constitution of the United Arab Emirates a "comprehensive, democratic regime" in an "Islamic, Arab society". Some of the important Articles and Parts of the Constitution are listed below: Constitution of the United Arab Emirates The Constitution of the United Arab Emirates provides a legal and political framework for the operation of the United Arab Emirates (UAE) as a federation of seven emirates. The Constitution came into effect on 2 December 1971 and was permanently accepted in May 1996. Authored by Adi Bitar, a forming judge and legal advisor, the Constitution is written in 10 parts and has 152 Articles. The United Arab Emirates celebrates the formation