What we brief clients on
The UAE economy moved from pearl production and fishing to petroleum-led development after the 1973 oil price increases. Reserves of 98.2 billion barrels of oil and 5.8 billion cubic metres of gas represent more than 150 years of supply at current extraction rates.
By 2015 the sectoral split was led by finance and insurance, followed by real estate, wholesale and retail trade, manufacturing, construction, information and communication.
Leading import sources are China ($37.1B), India ($30B) and the United States ($17.4B); major non-oil export markets include Japan, the United Kingdom and China.
If you have questions about operating practices or legal matters in United Arab Emirates, contact us and we are ready to help you.
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