[NTBKtrader]

The UAE economy is projected to achieve a 10.5 growth during the year 2006 as compared to 8.5 per cent in the previous year, according to the International Monetary Fund (IMF).

"The IMF recently revised its previous forecast and concluded that the UAE economy will grow by 10.5 per cent during the year 2006 as compared to 8.5 in 2005, 9.7 in 2004 and 12 per cent in 2003", said Mohsin Khan , IMF Director for Middle East and Central Asia Department.

http://www.dubaicityguide.com/geninfo/n ... ewsid=1505

Does anyone know the UAE's internal petrol demand growth? You would think that at 10.5% economic growth that the demand for oil internally would be growing very quickly as well (i.e. China).

[FireJack]

A quick check of the cia factbook shows a population of only 2,602,713 (July 2006 est.) Given how the price of oil and gas is set to rise and how much the UAE have they should survive peak oil very well indeed.

My biggest concern would be immigration from other areas given their location. An interesting tidbit at the bottom:

"the UAE is a drug transshipment point for traffickers given its proximity to Southwest Asian drug producing countries; the UAE's position as a major financial center makes it vulnerable to money laundering; anti-money-laundering controls improving, but informal banking remains unregulated."

[lotrfan55345]

<3

[Kingcoal]

Well, they are really big on man made islands for one. They are taking their oil wealth and building paradise's for people to live in. Sounds nice to me. I bet their taxes are low also.