Economy and Business in the United Arab Emirates

Burj al-Arab hotel

Since independence in 1971, the United Arab Emirates has undergone a very rapid economic development, and is one of the world’s most prosperous countries – based on the revenues from oil exports. However, the petroleum deposits are unevenly distributed among the seven Sheikh empires, and it is above all Abu Dhabi and Dubai, which possess the largest oil deposits, which are the economic driving force of the United Arab Emirates,…

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