Steadily, the United Arab Emirates is demonstrating its potential as the second
largest economy in the GCC (after Saudi Arabia).
The UnitedArab Emirates has the most diversified economy in the GCC
with a market of + 5 million consumers. The
UAE's economy remains extremely reliant on oil, and Petroleum and natural
gas continue to play a central role in the economy.
Dubai is running a balanced budget, reflecting economic growth. Tourism acts as a growth sector for the
entire UAE economy. Dubai is the top
tourism destination in the Middle East.
The UAE has the most advanced and developed infrastructure in the region. In effect the UAE has been spending
billions of dollars on infrastructure. These
developments are particularly evident in the larger emirates of Abu Dhabi
and Dubai. The northern emirates are
rapidly following suit, providing major incentives for developers of residential
and commercial property.
Emirates, flag carrier of the UAE is one of the world's largest airlines;
alongside Etihad Airways, second flag carrier of the UAE.
Dubai
International Airport was the busiest airport in
the world by international passenger traffic in 2014, overtaking London
Heathrow.
The major
ports of the United Arab Emirates are Khalifa Port, Zayed Port, Port Jebel Ali,
Port Rashid, Port Khalid, Port Saeed, and Port Khor Fakkan.
The UAE is served by two telecommunications operators, Etisalat and Emirates Integrated Telecommunications Company.
UAE launched
a bid for Expo 2020 with Dubai. World
Expos are a meeting point for the global community to share innovations and make
progress on issues such as the global economy, sustainable development and
improved quality of life. World Expos
can be a catalyst for economic, cultural and social transformation and
generates legacies for the host city and nation.
Emirati
culture is based on Arabian culture and has been influenced by the cultures of
Persia, India, and East Africa.
The
traditional food of the Emirates has always been
rice, fish, and meat. Fast food has become very popular among young people, to
the extent that campaigns are underway to highlight the dangers of fast food
excesses.
The
education system through secondary level is monitored by the
Ministry of Education in all emirates except Abu Dhabi, where it falls under
the authority of the Abu Dhabi Education Council. It consists of primary
schools, middle schools and high schools.
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