The UAE (United Arab Emirates), Arab world’s second-largest economy is a federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah and Ras Al Khaimah), with each retaining autonomy in local affairs (including energy) and it is becoming the Middle East most globalized country due to its trade hub, flow of foreign investment, high number of tourists and also its large expatriate population.
Though the…