United Arab Emirates: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 268

Publication date: August 2005

ISBN: 9781451801132

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Topics covered in this book

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Finance , Labor , Economics- Macroeconomics , Industries - Energy , ISCR , CR , U , A , E , economy , GCC equity markets , GCC market , national , GCC country , U , A , E , securities markets , Stock markets , Oil , Oil production , Labor force , Labor markets , Global

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Summary

This Selected Issues paper on the United Arab Emirates highlights the achievements in the diversification of the economy and the developments and outlook of the hydrocarbon sector. The political structure of the Federation gives a great deal of independence to the individual Emirates in pursuing an economic strategy based on their respective comparative advantages. Openness to trade, trade facilitation, and a favorable business environment have enhanced non-oil diversification by stimulating trade and trade-related services.