The economy of the United Arab Emirates is one of the most development ready in the world

The UAE's diversification policy has created new tributaries for the national economy and has been ranked among the most developed economies of scale in the world.

According to previous reports from the International Monetary Fund, the UAE economy was relatively capable of weathering the oil shock after 2014, with financial reserves, sound banking bases and a worldwide reputation as a safe haven, as well as a "safe haven". A favorable business climate and diversified sources of income, In this regard, she emphasized the continued growth of the national economy in light of the positive expectations regarding global trade and ways to control the financial situation of the economy. State and accelerate investments.

Economic experts said the UAE's great success in diversifying has boosted the national economy's immunity from pressures on the global economy, after revealing a large capacity to absorb the effects. the global crisis in 2008 or the sharp drop in oil prices. In 2014.

The 5% value-added tax, which began at the beginning of the year, is expected to increase the UAE's GDP by 1.5% to 2% in 2018, to reach AED 1.6 billion against 1.49 trillion AED in 2017, according to official studies, including studies from the Ministry of Economy of the United Arab Emirates.

The introduction of this tax stems from the state's commitment to adopt more active policies for economic growth, which have also contributed to the diversification of the resources of the national economy in general.

The economic and financial policies adopted over the past four years have helped to strengthen the national economy and have enabled the country to maintain financial and monetary stability and promote growth levels.