How did United Arab Emirates become a wealthy country?

Here is the shortest way I can tell- 1. UAE became an independent country in 1971. Most of oil was present in Abu Dhabi emirate while Dubai was a trading port. Other emirates were not as lucky. 2. read more

The United Arab Emirates' wealth did not come from oil alone. At the time of its establishment, yes they depended mainly on oil, but later on they diversified. Its a mix of factors including efficient management of all resources at their disposal, geographical location, and business acumen, that contributed to their current economic status. read more

The city is a part of the United Arab Emirates and has been synonymous with oil for the major part of the last century. Most people think that Dubai became rich due to it being a part of the Gulf, the oil well of the world, but the major part of around a $100 billion revenue of the state comes from prosperous areas like real estate, airlines and ports. read more

Ask New Question Anis Al-Haris, Seen it come, Have seen it go, seen the new one's come and go, I'm still here. read more