Oil is uae's most important export product. Discuss the benefits and the drawbacks that the oil industry brings to UAE.
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drawback that the royal industry brings to you most important export
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Oil discovered before in the 1950’s the UAE’s economy was dependent on fish and pearl industry. In 1962 UAE started to do oil export. Abu Dhabi holds 94% UAE oil reserves.
Dubai holds an estimated 4 million barrels of oil, followed by Sharjah and rash-al khaimh with 1.5 million and 100 million oil. UAE makes 419 billon dollars per year. This is the oil factory UAE's history. We can find millions of oil here.
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