Business & Economy of the United Arab Emirates
Dubai Petroleum Falah Field facilities.
Image: Dubai Petroleum
Economy of the United Arab Emirates
The UAE has the second-largest economy in the Arab world (after Saudi Arabia) with a GDP of USD 414 billion. One-third of the GDP comes from oil revenues.
The UAE has an open mixed free-market economy based mainly on oil and natural gas production. Economic diversification has reduced the oil and gas sector's share of the country's GDP to 30 %. Additionallythe country's free trade zones attract foreign investors by offering 100% foreign ownership and zero taxesalmost. Since January 2018there is a five-percent value-added tax.
Emirates Banks
Central Bank of the United
Arab Emirates
The Central Bank is a government institution responsible for managing the currencymonetary policyand banking regulation in the United Arab Emirates.
UAE Banks Federation
UAE Banks Federation is the representative body of 48 member banks operating in the UAE.
Abu Dhabi Securities Exchange
Abu Dhabi stock exchange.
Borse Dubai
The Dubai stock exchange.
Emirates Chambers of Commerce and Industry
Abu Dhabi
Abu Dhabi Chamber of Commerce
and Industry
Provides Information on the Capital of the UAE.
Ajman
Ajman Chamber of Commerce and
Industry
Dubai
Dubai Chamber of Commerce and Industry
Sharjah
Sharjah Chamber of Commerce
and Industry
Major UAE Companies
Abu Dhabi National Oil Company
ADNOC is the state-owned oil company of the UAE.
Abu Dhabi Commercial Bank
ADCB is the third-largest bank in the UAE.
Emirates NBD
One of the largest banking groups in the Middle East is Dubai government-owned.
Dubai Islamic Bank
Dubai Islamic Bank is the largest Islamic bank in the UAE.
First Abu Dhabi Bank
FAB is the largest bank in the United Arab Emirates.
Mashreq
The oldest privately owned bank in the UAE was founded as the Bank of Oman in 1967; it was the first bank in the Emirates to install ATMs.
Emaar Properties
Emaar is a multinational real estate companywhich operates project development and its project marketing in Dubai. Emaar Properties developed the Dubai MarinaBurj Khalifaand the Dubai Mallamong others.
Etisalat
Etisalat is a multinationalEmirati based telecommunications services provider.
The Emirates Group
The state-owned international aviation holding company based in Dubai offers ground handling services and operates Emirates Airlinesthe largest airline in the Middle East.
DP World
Based in DubaiDP World is one of the world's largest port operators and operates 78 terminals in various countries.
Yellow Pages of the United
Arab Emirates
Etisalat's Yellowpages business directory.
Transportation
Aviation
Airlines
Air Arabia
Emirati low-cost airline.
Abu Dhabi Aviation
ADA is the largest commercial helicopter operator in the Middle East.
Etihad Airways
The country's second-largest airline is the national carrier of the United Arab Emirates.
Emirates Airlines
Emiratesalso a national flag carrieris an international airline of the UAE; it serves more than 150 destinations worldwide.
Royal Jet
Premium private charter aircraft serviceheadquartered in Abu Dhabi.
Airports
Abu Dhabi International Airport
(IATA: AUH)
Dubai International Airport
Dubai International Airport (IATA: DXB) is the largest airport in the UAE.
Ras Al Khaimah International Airport
(IATA: RKT)
Sharjah International Airport
(IATA: SHJ)
Abu Dhabi Ports
Abu Dhabi Ports is a company that ownsmanagesand operates 11 ports and terminals in the UAE and Guinea.
View from the Metro's front car as you return from the Mall of the Emirates to the Mall of Dubai.
Image: Jason Mrachina