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
Armenians in the United Arab Emirates of the Armenians in the United Arab Emirates are Armenian Apostolics (Orthodox Armenians) belonging to the Armenian Apostolic Church and under the jurisdiction of the Holy See of Cilicia. The Catholicossate of the Great House of Cilicia (also known as the Holy See of Cilicia) has established the "Diocese of Kuwait and the Arabian Gulf Countries" headquartered in Kuwait, but also serving the Armenians in the Persian Gulf including UAE. The Armenian Catholicossate, with the authorization and financial support of the Sharjah Emirate, established the St. Gregory the Illuminator Church (in Armenian Sourp Krikor Lousavoritch Hye Arakelagan Yegeghetsi) in Al