UAE economy is fastest growing in the world

In the aftermath of 9/11, billions of dollars generated by the Gulf oil industry were repatriated back to countries in the Gulf Co-operation Council (GCC). This significant transfer of cash combined with high oil prices has bloated the region's stock markets and fuelled a massive wave of construction. The GCC consists of Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). The UAE is a federation of seven internally self-governing emirates, Abu Dhabi and Dubai being the most prominent in economic terms. Its population is around five million ...