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 Ajman Emirate of Ajman The Emirate of Ajman (; ) is one of the seven emirates (states) of the United Arab Emirates. It has an area of a mere 260 square kilometres (100 sq mi), which makes it the smallest of the emirates in terms of area. It is named after the city of Ajman, which is its seat of government. The main landmass of the emirate is bordered on the north, east, and south by the Emirate of Sharjah. It has a population of some 240,000. Located on the coast of the Persian Gulf, Ajman also controls two small inland