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The UAE & GCC Markets
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United Arab Emirates

The United Arab Emirates, with total proven oil reserves of 98.1 billion barrels, ranks third and represents around 9.5% of world reserves. The UAE has an open economy with one of the world's highest per capita incomes and with a sizable annual trade surplus. The UAE Dirham is fixed at AED 3.685 to US$1.

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Capital: Abu Dhabi

Natural Resources: Petroleum, Natural Gas

Languages: Arabic (official), English (commercial), Persian, Hindi, Urdu

Area: 82,880 sq km

Population: 2,344,402 (July 1999)

GDP: $40 billion

GDP Per Capita: $17,400 (1998)

Exports: $ 38 billion (fob, 1997)

Imports: $29.7 billion (fob, 1997)

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