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Austin, TX (ZPRYME NEWS) – 08/27/08 – The United Arab Emirates as most have observed is among those with an open economy. Just like many of the oil rich countries, UAE takes pride of its high capita income as well as annual trade surplus.

Austin, TX (ZPRYME NEWS) – 05/14/08 - The oil industry is the backbone of Dubai’s economy. The first oil was discovered in the mid 1960s. Dubai is not focusing in oil but is diversifying it’s economy. USA Today states that, “The city now has thriving manufacturing, finance, information technology and tourism sectors and is home to numerous multinational companies such as AT&T, General Motors, Heinz, IBM, Shell and Sony.”

Austin, TX (ZPRYME NEWS) – 05/14/08 - In an Industry Press Release “Abu Dhabi lifts tourism targets: 2.7 million by 2012 end six service delivery Priorities define five-year plan”, Arabian Business reported that the Abu Dhabi Tourism Authority (ADTA), which is the head authority in the management of the tourism in Abu Dhabi increased its tourists projections that were set in the year 2004. By 2012, the projected annual guests for its hotels are to reach 2.7 million or up by 12.5 percent. This projection also calls for more hotel rooms which are expected to reach at 25,000 by 2012.

New York, NY (ZPRYME NEWS) – 05/07/08 - Dubai-based companies contributed largely to the huge acquisitions made by Gulf companies as a whole. In 25 July 2007, Issac John of Business Times with “GCC’s foreign acquisitions to hit $60 billion”, reported that the $60 billion worth acquisitions made by the gulf companies even increased with the $2 billion worth of acquisition made by the Dubai Aerospace Enterprises for a 60 percent share in Auckland International Airport.