United Arab Emirates economy and international economic relations: current state and prospects

Authors

  • Ludmila Nikolayevna Rudenko Institute of Oriental Studies, the Russian Academy of Sciences

DOI:

https://doi.org/10.24412.2072-8042-2020-00006

Keywords:

United Arab Emirates, 2010s, falling oil prices, economic diversification, Russia- UAE, trade, economic and investment cooperation

Abstract

In the article, various aspects of the economic development of the United Arab Emirates (UAE) in 2010s are examined. Particular attention is paid to Abu Dhabi and Dubai, which are the largest of the seven constituent emirates of the federation. The author focuses on analyzing the impact of
deteriorating global energy market conditions on the macroeconomic and financial situation of the Emirates. Besides, the features of economic diversification and the specifics of digitalization of the UAE economy are considered. Special emphasis is given to the prospects for expanding trade, economic and investment cooperation between Russia and the United Arab Emiratesthat has intensified significantly in recent years.

Author Biography

Ludmila Nikolayevna Rudenko, Institute of Oriental Studies, the Russian Academy of Sciences

Candidate of Economic Sciences
Place of work, post: The Institute of Oriental Studies, the Russian Academy of Sciences (107031 Moscow, Rozhdestvenka, 12/1, str.1) , Centre of Arabic and Islamic Studies, Senior research assistant

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Published

2024-02-07

How to Cite

Rudenko, L. N. (2024). United Arab Emirates economy and international economic relations: current state and prospects. Russian Foreign Economic Journal, (1), 60–72. https://doi.org/10.24412.2072-8042-2020-00006

Issue

No. 1 (2020)

Section

World economy