Dubai often likes to portray themselves as someone who has escaped their dependency on oil by cleverly investing in hospitality and tourism. They usually back up this claim by stating that less than 1% of their GDP comes from oil. While this sounds great at first glance, when we take a closer look, we’ll see that this is rather misleading. Even though less than 1% of Dubai’s GDP comes from oil doesn’t mean that oil helps the emirate in other ways. Likely the most obvious way in which oil plays a role in Dubai is through Abu Dhabi. The UAE is actually one of the most oil-rich countries in the world and almost all of that oil is located in Abu Dhabi. So, while Dubai isn’t able to produce their own oil and export it, they do often get loans, investments, and bailouts from Abu Dhabi. A perfect example of this was in 2008 when Abu Dhabhi bailed out Dubai with $10 billion. This bailout was crucial in completing the Burj Khalifa and keeping the emirate afloat. But, Dubai has yet to pay back Abu Dhabi for this bailout. This video explains how Dubai is still dependent on oil revenue through Abu Dhabi and why Dubai’s story of oil independence is nothing more than a fairytale.
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00 – Dubai’s Fairytale
2:10 – Nothing But Poverty
5:14 – Close By No Cigar
8:23 – The Godfather
11:34 – The Ugly Truth
Thumbnail Credit:
Jack Morton
https://bit.ly/3CoijY5
Resources:
https://pastebin.com/AVjsUxnK
source
2:24 This is Abu Dhabi, not Dubai.
As someone who has studied history, this video is so awfully biased towards orientalist and imperialist tropes to the point where it's hilarious. It's like you read two unacademic books and became the all knowing.
So Dubai is oil independent but since Abu Dhabi helps them out so they are oil dependent. this is your complete twist and its just bs and bs which just piles on throughout the video. thanks
1:15 westerners are immigrants too!
People are talking like Dubai is city-state, but its part of UEA.
Most of the migrants are forced labour
I highly think that if the Oil reserves in the Middle East run out it's really going to be bad 🔥🌠🔥
Abu Dhabi seems like a good friends in bad times ..
I was recently to Dubai and has become too crowded..too much traffic and the metro too…the sea water is warm so it is great…
Yikes… the voice 👀
Great 🔥
Never know how uae works until this vid, so thx
These cats have been living on credit for a long long time. Some of these insane projects cost are far beyond whats been told publicly. Its just not sustainable. You want to feel bad, but then you look into how they built and maintain these over the top projects. Borderline slave labor. A lot of horrible countries. But north koreas the best. Guys checks go straight to NK and they are paid from there. Take a guess how many of the thousands there ever see any portion of their earnings?
They abuse FILIPINO people like myself in that country!.!.
That’s one of the reasons why I don’t want to visit that country!.!.
The concept of Human Rights doesn’t exist in that country!.!.
UAE migrant labor are exploited workers, who will revolt.
Good these guys are evil and human right violator
This video can end in 15 seconds. Dubai is a state and they don't have oil. So youre right its misleading because Abu Dhabi has all the oil which is also the capital and makes up 95% of oil income and Dubai claiming 1% in oil is true. Why did you prolonged this video for no reason.
1:25 That 88% immigrants are not westerners but instead they are skilled Asians mostly Indians.
comparing emirates with american airlines is unfair. american airlines get subsidized by their govt.
Interesting facts, especially after what's been happening in the news. Not politically motivated video eh?
Can you make a video on how Iran can survive sanctions!
John 3:16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
Isaiah 52:13 Behold, my servant shall deal prudently, he shall be exalted and extolled, and be very high.
Isaiah 52:14 As many were astonied at thee; his visage was so marred more than any man, and his form more than the sons of men:
Isaiah 52:15 So shall he sprinkle many nations; the kings shall shut their mouths at him: for that which had not been told them shall they see; and that which they had not heard shall they consider.
Isaiah 53:4 Surely he hath borne our griefs, and carried our sorrows: yet we did esteem him stricken, smitten of God, and afflicted.
Isaiah 53:5 But he was wounded for our transgressions, he was bruised for our iniquities: the chastisement of our peace was upon him; and with his stripes we are healed.
Isaiah 53:6 All we like sheep have gone astray; we have turned every one to his own way; and the LORD hath laid on him the iniquity of us all.
Ephesians 2:8 For by grace are ye saved through faith; and that not of yourselves: it is the gift of God:
Ephesians 2:9 Not of works, lest any man should boast.
Romans 10:9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
John 6:37 All that the Father giveth me shall come to me; and him that cometh to me I will in no wise cast out.
Ephesians 1:13 In whom ye also trusted, after that ye heard the word of truth, the gospel of your salvation: in whom also after that ye believed, ye were sealed with that holy Spirit of promise,
Ephesians 1:14 Which is the earnest of our inheritance until the redemption of the purchased possession, unto the praise of his glory.
Ephesians 4:30 And grieve not the holy Spirit of God, whereby ye are sealed unto the day of redemption.
0:04 barefoot mullah
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Abu Dhabi needs to invest thier money some where, why no in thier own country, Dubai did seem to make could use of investments it received.
Your thumbnails are more corrupt than African countries # your channel is a way of showing western asses are burning because of their immense wealth because of oil which they want to to grab but failed
Good video but you should really invest in a decent microphone
Even during the economic downturn and recession,I'm so happy I've been earning $ 60,000 returns from my $10,000 investment every 21days.
Poop trucks.
They also are dependent on very cheap almost slave like labor
Why is it so much about Dubai and Saudi Arabia though? It’s almost a ‘Arabic Countries Logically Explained’ channel by now 🤷🏽♂️
Another perspective always hidden.
The migrant population is mostly south East Asians not western just like in other kingdoms in the middle East. In the past mostly working in construction and service but now working more office jobs.
west who 1st intro wonder of oilagecity lies, now they blame?
Proud to live in dubai if Dubai would not be there then Abu Dhabi would not exist only ,it is BCS of Dubai Abu Dhabi is there
dubai is dependant on wage s|aves
Dubai is soo overrated in my opinion
What do you mean by westerners and immigrants..?? By westerners u mean white people..?
Dubai is built on slave labour
From next year July onwards, there will be 9% corporate tax in UAE. Really miss the old days 😭
No offense to you or your content, but I believe that you have approached this video in a bit of a strange manner. I believe a more interesting question to ask is, how dependent are they? What I mean by this is that I do not believe anyone thinks that the UAE in general is not dependent on oil. That is not the point, the point is that they are investing and growing their economy away from oil, rather than investing and optimizing their oil production as if it will be their main staple forever. I also don’t see why you would focus only on one emirate, they are all very well intertwined. This is coming from someone who has lived in Abu Dhabi since I was a child. UCLA graduate and U.S Citizen. I can tell you that the entire country has drastically changed since I was young. Amazing content nonetheless, you never cease to put out great content. I would also like to note I do not believe this place is perfect by any means. The exploitative nature of this country is what has made it grow to this degree (with oil $ to begin, of course.) I would suggest looking into their labor sourcing, and how they have used it to grow their cities exponentially for a fraction of what it would cost anywhere else. It is one of the ugliest things about this country as a whole, but vital to its success
Dubai is slavery dependent