Current scenario of Energy Retail utilities market in UK
Economy in UAE
1. Santiago Medina, Juan Luis Perdomo, Lingjie Fan, Paula Madrigal & Carlota Román
United Arab Emirates
Its economy
2. Index
✤ Introduction
✤ Economical history
✤ How works its economy now?
✤ Features of the UAE's solid
economy
✤ Trade
✤ Rate of poverty
3. Introduction
✤ UAE is located in Western Asia
✤ It’s ruled by a federal
monarchy
✤ It’s composed by 7 emirates
✤ Recognized independence
from UK in 1971
✤ Islam is the predominant
religion
4. Economical
history
✤ Each emirate was responsible
of its own economy
✤ Pear diving, seafaring, fishing,
nomadic farming, date palm
cultivation
✤ Till discovery of oil (1962) and
development of Japanese
cultured pearls
5. How does
economy works?
✤ GDP of 382,6 thousands of millions.
✤ Oil crisis in 2014
✤ Inflation is projected to rise to 2.9% in 2018 due to
the VAT but is projected to moderate thereafter.
✤ Agriculture suppose an 0,8% of the GDP, industry
43,6% and 58,8% services sector.
✤ It’s the number 8 in economic freedom worldwide
✤ Dubai’s hosting of Expo 2020 — expected to draw
in 25 million visitors, boosting private
consumption and services exports.
6. Features of the
UAE's solid economy
✤ Strategic location
✤ Strong financial reserves
✤ Large sovereign wealth fund
✤ Promising investor home economies
✤ Government spending
✤ Policy of economic diversification
✤ Free zones
✤ FDI
7. Trade
It is the 25th largest export economy in the
world
The top exports of the United Arab Emirates
are Crude Petroleum ($36.4B), Gold ($27B),
Refined Petroleum ($19.1B), Diamonds
($8.22B) and Petroleum Gas ($6.97B)
Its top imports are Gold ($27.4B), Diamonds
($11.9B), Cars ($11.1B), Planes, Helicopters,
and/or Spacecraft ($10.4B) and
Broadcasting Equipment ($9.1B).
8. The top export destinations of the United Arab Emirates
are India ($18.4B), Switzerland ($16.9B), Japan ($15.7B),
China ($11B) and Oman ($10.6B).
The top import origins are China ($25B), the United
States ($17.2B), India ($15.5B), Germany ($14.7B) and
Japan ($9.2B).
9. Rate of poverty
✤ Poverty is not seen as a serious issue
✤ There is no official data on poverty
in the UAE. The government does
not release official data regarding
any local poverty levels.
✤ Average consumption for Emirati
house hold was 1477 $ in 2015
✤ Authorities have increased social
allocations, housing affordability,
education and healthcare provision
for nationals.
