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United Arab Emirates (UAE)
The United Arab Emirates have risen to the top of the business world in no time. Twenty years ago - the territory was making its money with oil, oil and more oil - a very one-sided economy that, even though it was making the Emirates boatloads of money, did not sound like it would stand the test of time (notions like peakoil, limited natural resources and fluctuating oil prices come to mind).
Large corporations and the UAE government together have taken huge leaps forward in the last twenty years to create a completely different type of economy . Working hard to attract other types of businesses, external investors, service-oriented companies and telecommunication companies - the company is now much more than a giant oilfield. Successfully becoming more independent from depleting oil reserves is something oil-based economies must do at all times, and the United Arab Emirates is doing this extremely well.
In 2009, reports of a weak UAE economy have been coming through through a lot of Western media, but that's mainly due to the huge impact of the economic crisis on the very internationally-oriented economy. Business leaders and the government will surely be able to recover, and we look with anticipation on the next leaps the United Arab Emirates will make!