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In 2011, oil exports accounted for 77% of the UAE's state budget. [17] Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current [when?] prosperity has been attributed to Abu Dhabi's petrodollars. [40] In 2014, Dubai owed a total of $142 billion in debt. [41]
Abu Dhabi [a] is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's second-most populous city, after Dubai. The city is situated on a T-shaped island, extending into the Gulf from the central-western coast of the UAE.
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
The Emirate of Abu Dhabi has 31.2%, meaning that over two-thirds of the UAE population lives in either Abu Dhabi or Dubai. Abu Dhabi has an area of 67,340 square kilometres (26,000 square miles), which is 86.7% of the country's total area, excluding the islands.
Etihad Rail is being developed in line with the Abu Dhabi Economic Vision 2030 and the UAE Vision 2021, which in turn contributes to economic diversification through strategic initiatives set to bolster UAE socio-economic growth and diversification. [2] Commercial operations of Stage One commenced in January 2016, on time and within budget.
In July 2023, WeRide bagged UAE’s exclusive national license, which permits the testing and operation of its autonomous vehicles on public roads throughout the country.. According to CIC ...