their respective economies. In the past their economies were based on pearl diving and fishing, however upon the discovery of commercial quantities of oil, the UAE economies changed drastically. Sheikh Zayed Bin Sultan Al Nahyan, the previous president of the UAE, is responsible for advancing the UAE into the 20th century using the revenue from oil exports. In 2012, the UAE imported a total of $273.5 billion, surpassing Saudi Arabia as the number one importer in the region, and exported $314 billion…
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