Abstract
The financial crisis that originated from the Wall Street in the United States has resulted in the collapse of the economies of countries worldwide. It can therefore be considered as a global financial crisis. Saudi Arabia has the biggest market in the Persian Gulf region where the Emirate States or the United Arab Emirates and other Gulf states are highly visible in world trade and the global economy due to their oil reserves.
The United Arab Emirates is a federation of seven states situated in the southeast of the Arabian Peninsula in southwest Asia on the Arabian Gulf bordering Oman and Saudi Arabia. Those seven states are called the Emirates: Abu Dhabi , Dubai, Sharjah , Ajman, Umm al-Quwain , Ras al-Khaimah and Fujairah. The UAE is one of the largest producers and exporters of oil and they are members of the Organization of Petroleum Exporting Countries
