this post was submitted on 03 Jun 2025
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Oil makes up 30% of UAE’s GDP and an even smaller percentage of Dubai’s: only 1% according to this Wikipedia article. Dubai is one of seven emirates that make up the UAE. Dubai has existed prior to the discovery of oil as a fishing and trade port, and has been rich before due to pearl diving. It was a major source of pearls before the Japanese invented cultured pearls.
The following map shows Bronze Age trade routes in purple:
Source: https://www.smithsonianmag.com/smithsonian-institution/roads-of-arabia-presents-hundreds-of-recent-finds-that-recast-the-regions-history-127324646/
There are good reasons to hate the UAE such as hosting US soldiers and normalizing with Israel. No need to lie about their history and origin.
Yeah, I don't think pearls or trade is making Dubai that rich anyhow any more. Especially after the Suez and like you said "cultured pearls.”
Trade makes up 26% of it's GDP. That's the largest contributor.
Trade in what, that makes no sense... Oil and gas exports make up 85% of its economy