The United Arab Emirates, often abbreviated to just the ‘UAE’, is an affluent Middle Eastern country located on the Arab Peninsula. According to the World Bank, the United Arab Emirates had one of the top 25 Gross Domestic Products per capita in 2014 [1]. This country earns most of its wealth through the export of oil and other fossil fuels, with secondary income sources appearing elsewhere in industry or tourism. In this article, we will be taking a closer look at the socioeconomic circumstances that the UAE finds itself in, with the aid of a PESTLE analysis.
PESTLE analyses look at the Political, Economic, Social, Technological, Legal, and Environmental factors that affect a venture, organization, or country’s success. If you’re still unsure as to what a PESTLE analysis is, be sure to read this article before moving on.