United Arab Emirates

Economic Overview and Outlook

Population as of 2015 is 9.45 Million

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Jan/132015

Unemployment rate as of 2015 = 4.20%

Unemployment Rate: The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.Calculated: Unemployed people divided by labor force times 100

Unemployment Rate: The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.Calculated: Unemployed people divided by labor force times 100

UAE Inflation rate as of July 2015 = 4.4%

Inflation: The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.Inflation: The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

UAE GDP as of 2015 = 401.65 Billion $

GDP is an indicator of the economic health of a country, as well as to measure a country's standard of living. Critics of using GDP as an economic measure say the statistic does not take into account the underground economy - transactions that, for whatever reason, are not reported to the government

GDP is an indicator of the economic health of a country, as well as to measure a country's standard of living. Critics of using GDP as an economic measure say the statistic does not take into account the underground economy - transactions that, for whatever reason, are not reported to the government

UAE GDP Growth rate as of 2015 = 4.6%

GDP is an indicator of the economic health of a country, as well as to measure a country's standard of living. Critics of using GDP as an economic measure say the statistic does not take into account the underground economy - transactions that, for whatever reason, are not reported to the government

GDP is an indicator of the economic health of a country, as well as to measure a country's standard of living. Critics of using GDP as an economic measure say the statistic does not take into account the underground economy - transactions that, for whatever reason, are not reported to the government

UAE GDP per capita as of 2014 = 25772.83 Billion $The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - United Arab Emirates GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United Arab Emirates GDP per capita - was last refreshed on Sunday, September 6, 2015. 

The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - United Arab Emirates GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United Arab Emirates GDP per capita - was last refreshed on Sunday, September 6, 2015. 

UAE

The Travel & Tourism Industry in the UAE

Dubai and Abu Dhabi are synonyms for the Tourism industry which has traveled miles to achieve the status of being the tourism hub of the region.

As per MasterCard’s survey, Dubai’s ranking has left behind cities like Tokyo, Bangkok, Seoul, Rome, New York, Amsterdam and the rest of the MENA region making it the 9th most favorable and preferred destinations for the tourists.

Dubai's hotels and hotel apartments recorded an increase in guest nights in 2014, rising by 7.4 percent from 41.58 million in 2013

The Travel industry in the UAE

Government departments

Associations/ organizers

Road, Air, Sea, Railways

Travel agentsTravel supplier

Taxi,Insurance Agencies

Etihad railway project

The Tourism industry in the UAE

Hotels, villas, apartments…etc

Associations and Agencies

Main oil fields in UAE

LIST BY COUNTRY EMBED CHART

Real Estate Investments in the UAE

Source: JLL

Shopping center supply in GCC

Source: Alpen Capital

Summary• Political

– Each Emirate has its own governmental institution.– The ruling family of each Emirate is a member of the Supreme Council, which is

responsible for policy-making and electing the president and vice president for five-year terms.

• Economic– Wealth is based on oil and gas exports (Abu Dhabi)– The government increased spending for infrastructure and job creation, and there is a

greater opportunity for private sector investment.• Social

– Islam plays a large role in business– Women are seen as equals and are protected by rights and privileges

• Technological– Telephones (land line and cell), radio broadcast stations, television, internet

• Legal– Court proceedings in the UAE are time-consuming.– There are no juries; only a single judge or a three-judge panel (depending on the case)

hears cases.– All evidence submitted to the court must be in Arabic.

• Environmental– Dry, sandy desert, and coastal areas.

Summary• The UAE is a Federation comprised of seven separate emirates.

• Each emirate retains a high amount of political and economic independence within the federal system.

• Each emirate has control over its own natural resources and regulates its commercial activity.

• The central government makes laws dealing only with defense, foreign policy, communications, and immigration. Between the seven emirates they serve as members of the Supreme Council of the Union (SCU) and elect a President from among themselves.

• The UAE’s currency is the dirham.

• The principal growth sectors are energy production and manufacturing.

Summary• The UAE is a Federation comprised of seven separate emirates.

• Each emirate retains a high amount of political and economic independence within the federal system.

• Each emirate has control over its own natural resources and regulates its commercial activity.

• The central government makes laws dealing only with defense, foreign policy, communications, and immigration. Between the seven emirates they serve as members of the Supreme Council of the Union (SCU) and elect a President from among themselves.

• The UAE’s currency is the dirham.

• The principal growth sectors are energy production and manufacturing.

Summary• United Arab Emirates is now the second-richest country in the

Muslim world. This is because the UAE claims the world's third largest proven oil deposits.

• The GDP per capita fell by 42% in the 1980s, but successful diversification helped to provide a positive growth of 48% in the 1990s.

• Immigrants make up a large percentage of the UAE’s workforce.

• The UAE government wants to preserve its traditional forms of art and culture.