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The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey , Saudi Arabia and Israel ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.
This article lists the countries of the Arab League sorted by their gross domestic product (GDP) at nominal values.GDP is the value of all final goods and services produced within a nation in a given year.
The United Arab Emirates has been successfully diversifying the economy. 71% of UAE's total GDP comes from non-oil sectors. [86] Oil accounts for only 2% of Dubai's GDP. [87] The UAE is also making an effort to attract foreign direct investment by offering 100% foreign ownership and no taxes. [88] Tourism is one of the main sources of revenue ...
Based on latest figures and estimates, the Arab League has a GDP of approximately US$3.5 trillion at nominal values and $9.4 trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.115 trillion, followed by the UAE at $507.18 billion and Egypt at $489.4 billion.
The U.S. and the United Arab Emirates have discussed with each other the possibility of lifting sanctions on Syrian President Bashar al-Assad if he peels himself away from Iran and cuts off ...
The United Arab Emirates is quietly urging the European Union to start talks on a trade pact separate from an Arab bloc, five people familiar with the matter said, as the Gulf state seeks closer ...
Country GDP nominal billions of USD List of countries by GDP (per capita) Qatar 235.5: 82,887 Israel 530.1: 55,359 Cyprus 26.7: 53,705 UAE 536.8: 52,407 Kuwait 183.6: 38,123
The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands. Sheikh Mohammed bin Rashid Al ...