IESET.
Drift overview·ARE

United Arab Emirates

net market drift8 movements coded · 19712022·final composite drift: -12.0
tone legendleft / state-expansionright / marketcentrist / mixedauthoritarian

Composite statist-drift trajectory with movements

fiscal axes — what moved and which way

sectoral subsidyspending leveltax corporatetransfer expansion

regulatory axes — what moved and which way

financial deregulationimmigration opennessproduct market competitionsectoral licensingtrade openness

monetary axes — what moved and which way

central bank independence

institutional axes — what moved and which way

judicial independenceproperty rights

Movement timeline (8)

YearMovement
1971UAE federal state capitalism and free-zone diversification
uae_emirate_state_capitalism_1971_present
1976–1990Zayed federation-consolidation — oil-boom federal state-capitalism
uae_zayed_consolidation_1976_1990
1985–1995Zayed oil-glut response — Abu Dhabi transfers, Dubai trade pivot
uae_zayed_oil_price_collapse_response_1985_1995
1995–2004Zayed late era — Jebel Ali scale-up, Emirates expansion, DIFC launch, post-9/11 reputation management
uae_zayed_late_era_1995_2004
2004–2014Khalifa early era: Dubai debt crisis, Abu Dhabi bailout, state-capitalism expansion
uae_khalifa_early_era_2004_2014
2008–2010UAE GFC response and Dubai debt bailout (Khalifa era)
uae_khalifa_global_financial_crisis_2008_2010
2014–2022MBZ de-facto rule: Abraham Accords, Expo 2020, Covid and Yemen
uae_mbz_crown_prince_era_2014_2022
2022MBZ formal federal presidency: AI-emirate pivot and fiscal broadening
uae_mbz_presidency_2022_present