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
Iraqis in the United Arab Emirates Iraqis in the United Arab Emirates Iraqis in the United Arab Emirates have a population exceeding 100,000, closer estimates report a total of 150,000 Iraqis in the Emirates. Iraqi people form one of the largest community of non-citizen Arabs in the UAE. Most Iraqis are recent immigrants who have fled instability back home; while Syria, Jordan, Iran and Lebanon were ultimate destinations for most refugees, a large influx sought the United Arab Emirates. In addition, an increasing number of Iraqi students seeking education and career opportunities opted for the country in light of its relatively reputable institutions across the Middle