UAE is stable and rich.

Position:United Arab Emirates - Brief article

An October 2007, United Arab Emirates (UAE) Country Risk Assessment, published by the Australian Government's Export Finance and Insurance Corporation (EFIC) (Sydney), was generally approving of the country's current status. "At the national level," says the EFIC, "the UAE operates as a loose confederation of seven emirates." This means that national policy creation is diffuse making it more difficult for the UAE to diversify its economic base for competition in the global economy outside of the oil and gas sector. The UAE has sufficient oil and gas reserves to last an estimated 100 years.

Nonetheless, says the assessment, "Diversification initiatives [are] reducing dependence on oil and gas." But there's a problem. "Industry policies may have hidden costs that threaten their sustainability."

Unquestionably, the UAE is growing rapidly. In 2006, according to the International Monetary Fund (IMF), UAE...

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