Economy Of The United Arab Emirates
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Economy Of The United Arab Emirates
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 3rd largest in the Middle East (after Turkey and Saudi Arabia ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. The UAE economy is heavily reliant on revenues from petroleum and natural gas, especially in Abu Dhabi. In 2009, more than 85% of the UAE's economy was based on the oil exports. In 2011, oil exports accounted for 77% of the UAE's state budget. In recent years, there has been some economic diversification, particularly in Dubai. Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification. Dubai has far smaller oil reserves than its counterparts. Tourism is one of the biggest non-oil sources of revenue in the UAE. A massive construction boom, an expanding manufacturing base, and a thriving services sector are helping the country to diversify its economy. In 2007, there was US $350 billion ...
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United Arab Emirates Dirham
The dirham (; , currency sign, abbreviation: د.إ in Arabic script, Arabic, Dh (singular) and Dhs (plural) or DH in Latin alphabet, Latin; ISO 4217, ISO code: AED) is the official currency of the United Arab Emirates. The dirham is subdivided into 100 . It is Fixed exchange rate system, pegged to the United States Dollar at a constant exchange rate of approximately 3.67 AED to 1 USD. In March 2025, the UAE Central Bank announced the creation of a Dirham currency symbol, , derived from the Latin letter crossed with two horizontal lines. History The name ''dirham'' is a loan from the Greek :wikt:δραχμή, δραχμή (drakhmé). Due to centuries of trade and usage of the currency, ''dirham'' survived through the Ottoman Empire. Before 1966, all the emirates that now form the UAE used the Gulf rupee, which was pegged at parity to the Indian rupee. On 6 June 1966, India decided to devalue the Gulf rupee against the Indian rupee. Not accepting the devaluation, several of ...
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Secondary Sector Of The Economy
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction. This sector generally takes the output of the primary sector (i.e. raw materials like metals, wood) and creates finished goods suitable for sale to domestic businesses or consumers and for export (via distribution through the tertiary sector). Many of these industries consume large quantities of energy, require factories and use machinery; they are often classified as light or heavy based on such quantities. This also produces waste materials and waste heat that may cause environmental problems or pollution (see negative externalities). Examples include textile production, car manufacturing, and handicraft. Manufacturing is an important activity in promoting economic growth and development. Nations that export manufactured p ...
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Ship Repair
Shipbuilding is the construction of ships and other floating vessels. In modern times, it normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history. Until recently, with the development of complex non-maritime technologies, a ship has often represented the most advanced structure that the society building it could produce. Some key industrial advances were developed to support shipbuilding, for instance the sawing of timbers by mechanical saws propelled by windmills in Dutch shipyards during the first half of the 17th century. The design process saw the early adoption of the logarithm (invented in 1615) to generate the curves used to produce the shape of a hull, especially when scaling up these curves accurately in the mould loft. Shipbuilding and ship repairs, both commercial and military, are referred to as naval engineering. The construction ...
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Fertilizer
A fertilizer or fertiliser is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients. Fertilizers may be distinct from liming materials or other non-nutrient soil amendments. Many sources of fertilizer exist, both natural and industrially produced. For most modern agricultural practices, fertilization focuses on three main macro nutrients: nitrogen (N), phosphorus (P), and potassium (K) with occasional addition of supplements like rock flour for micronutrients. Farmers apply these fertilizers in a variety of ways: through dry or pelletized or liquid application processes, using large agricultural equipment, or hand-tool methods. Historically, fertilization came from natural or organic sources: compost, animal manure, human manure, harvested minerals, crop rotations, and byproducts of human-nature industries (e.g. fish processing waste, or bloodmeal from animal slaughter). However, starting in the 19th cen ...
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Cement
A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mixed with fine aggregate produces mortar for masonry, or with sand and gravel, produces concrete. Concrete is the most widely used material in existence and is behind only water as the planet's most-consumed resource. Cements used in construction are usually inorganic, often lime- or calcium silicate-based, and are either hydraulic or less commonly non-hydraulic, depending on the ability of the cement to set in the presence of water (see hydraulic and non-hydraulic lime plaster). Hydraulic cements (e.g., Portland cement) set and become adhesive through a chemical reaction between the dry ingredients and water. The chemical reaction results in mineral hydrates that are not very water-soluble. This allows setting in wet conditions or u ...
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Aluminum
Aluminium (or aluminum in North American English) is a chemical element; it has chemical symbol, symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has a great affinity towards oxygen, passivation (chemistry), forming a protective layer of aluminium oxide, oxide on the surface when exposed to air. It visually resembles silver, both in its color and in its great ability to reflect light. It is soft, magnetism, nonmagnetic, and ductility, ductile. It has one stable isotope, 27Al, which is highly abundant, making aluminium the abundance of the chemical elements, 12th-most abundant element in the universe. The radioactive decay, radioactivity of aluminium-26, 26Al leads to it being used in radiometric dating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ ...
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Fishing
Fishing is the activity of trying to catch fish. Fish are often caught as wildlife from the natural environment (Freshwater ecosystem, freshwater or Marine ecosystem, marine), but may also be caught from Fish stocking, stocked Body of water, bodies of water such as Fish pond, ponds, canals, park wetlands and reservoirs. Fishing techniques include trawling, Longline fishing, longlining, jigging, Fishing techniques#Hand-gathering, hand-gathering, Spearfishing, spearing, Fishing net, netting, angling, Bowfishing, shooting and Fish trap, trapping, as well as Destructive fishing practices, more destructive and often Illegal, unreported and unregulated fishing, illegal techniques such as Electrofishing, electrocution, Blast fishing, blasting and Cyanide fishing, poisoning. The term fishing broadly includes catching aquatic animals other than fish, such as crustaceans (shrimp/lobsters/crabs), shellfish, cephalopods (octopus/squid) and echinoderms (starfish/sea urchins). The term is n ...
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Petrochemicals
Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane. The two most common petrochemical classes are olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Oil refineries produce olefins and aromatics by fluid catalytic cracking of petroleum fractions. Chemical plants produce olefins by steam cracking of natural gas liquids like ethane and propane. Aromatics are produced by catalytic reforming of naphtha. Olefins and aromatics are the building-blocks for a wide range of materials such as solvents, detergents, and adhesives. Olefins are the basis for polymers and oligomers used in plastics, resins, fibers, elastomers, lubricants, and gels. Global ethylene production was 190 million tonnes ...
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Petroleum
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refining, refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric life, prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by oil drilling, drilling, which is done after a study of the relevant structural geology, sedimentary basin analysis, analysis of the sedimentary basin, and reservoir characterization, characterization of the petroleum reservoir. There are also unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil sh ...
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Ease Of Doing Business Index
Ease or EASE may refer to: Computing * Ease (programming language) * Enhanced Acoustic Simulator for Engineers, software for optimizing acoustics Health and medicine * Methylone, marketed briefly in New Zealand as Ease *Examination of Anomalous Self-Experience, to detect self-disorder Other uses * Ease (sewing), the amount of room a garment allows the wearer beyond the measurements of their body * ''Ease'', a 1985 novel by Patrick Gale * EASE/ACCESS, a pair of 1985 space shuttle flight experiments * European Association of Science Editors, a non-profit membership organisation See also

* *Easy (other) * At Ease * Usability *Ease-in and ease-out, methods of inbetweening in animation {{disambig ...
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List Of Countries By Inequality-adjusted HDI
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2025 Human Development Report. According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or the maximum IHDI that could be achieved if there were no inequality)". Methodology The index captures the HDI of the average (calculated using not arithmetic, but geometric mean) person in society, which is less than the aggregate HDI when there is inequality in the distribution of health, education and income. Under perfect equality, the HDI and IHDI are equal; the greater the difference between the two, the greater the inequality. The IHDI, estimated for the world and specific countries, captures the losses in human development due to inequality in health, education and inco ...
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List Of Countries By Human Development Index
The United Nations Development Programme (UNDP) compiles the Human Development Index (HDI) of 193 nations in the annual Human Development Report. The index considers the health, education, income and living conditions in a given country to provide a measure of human development which is comparable between countries and over time. The HDI is the most widely used indicator of human development and has changed how people view the concept. However, several aspects of the index have received criticism. Some scholars have criticized how the factors are weighed, in particular how an additional year of life expectancy is valued differently between countries; and the limited factors it considers, noting the omission of factors such as the levels of distributional and gender inequality. In response to the former, the UNDP introduced the inequality-adjusted Human Development Index (IHDI) in its 2010 report, and in response to the latter the Gender Development Index (GDI) was introduced ...
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