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
Emirate of Sharjah Emirate of Sharjah The Emirate of Sharjah (; "") is one of the emirates of the United Arab Emirates. The emirate covers and has a population of over 1,400,000 (2015). The emirate of Sharjah comprises the capital city of Sharjah, after which it is named, and other minor towns and exclaves such as Kalba,Al Dhaid, Dibba Al-Hisn and Khor Fakkan. The emirate is a constitutional monarchy. It has been ruled by Sultan bin Muhammad Al-Qasimi since 1972. Human settlement in the area covered by the emirate has existed for over 120,000 years, with significant finds made of early axes and