United Arab Emirates

For many global multinationals, the oil-rich global crossroads of the United Arab Emirates is the commercial point of entry to the Middle East. This federation of seven states on the Persian Gulf—Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah, and Fujairah—controls the world's seventh-largest oil reserves and has gained prominence on the global stage far in excess of its size and population. In little more than a generation, the formerly sleepy British colony transformed itself into an economic heavyweight: its GDP is the fourteenth largest in the world, and its per capita income is comparable to those of the United States and Western Europe.1 With Dubai as its financial hub and Abu Dhabi as its cultural, ...

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