Risk Management - Articles

An overview on United Arab Emirates’ economy and business environment

The United Arab Emirates are in the Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia. They are a constitutional federation of seven emirates: Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Ajman, Umm Al Quwain and Fujairah. On 2 December 1971, the United Arab Emirates (UAE) was declared as an independent, sovereign and federal state.

In less than 50 years - and thanks to large oil revenues - the country has grown from a sandy desert to an ultra-modern innovative center. Now, it is one of the world's most advanced and wealthy states and one of the Middle East’s major economic powers.

UAE is an ideal place for foreign investor thanks to all the government incentives and facilitations. However, these facilitations also include poor company information disclosure requirements. That means that it is difficult to get business information on UAE companies and only the most reliable business local providers like can help you to retrieve valuable information. On SkyMinder you can access the best local provider in the UAE giving you an excellent support in retrieving information on your commercial partners.