Archives

• 1. INDIGENOUS ‘LUWU’ COMMUNITY AND CORPORATE SOCIAL RESPONSIBILITY – POST MODERN STANDPOINT By-  Rahmawati, Damayanti, R. A, Brinda Kalyani, Kumar D.M  
  ( Posted On : 13-05-2019 )
• 2. Innovative Entrepreneurial Self-Efficacy and Career Choice By-  Dr. Kaneez Fatima Sadriwala, Dr. Zunith Ahmed, Dr. Boumedyen Shannaq  
  ( Posted On : 13-05-2019 )
• 3. Reshaping Service Business –Transforming to Customer Intimate Business in Oman: An Assessment By-  Dr. Cirilo E. Mirano, Jr., Romel A. Basilan  
  ( Posted On : 13-05-2019 )
• 4. The Role of Business Incubators in Creating an Entrepreneurial Ecosystem: A Study of the Sultanate of Oman By-  Shouvik Sanyal, Mohammed Wamique Hisam  
  ( Posted On : 13-05-2019 )

Abstract
Economic development is very important for every country. In the economic development of any
country, there are multiple factors which play their role. In Gulf countries, the Oil resources are in
abundant and these countries generate great revenue from these Oil resources. Oman and UAE are
also included in Gulf countries. This study is conducted in Oman and UAE and identified the
impact of oil resources on the economic development of Oman. After the fall in Oil prices at world
level opened a question mark for those countries which have more dependency on Oil resources.
Current study compares the economic conditions of Oman and UAE with perspectives to their oil
dependencies within last six years. The data were collected from the World Bank of last six years
from 2010 to 2015.The findings of the study declared that the Oman is relying more on Oil
resources as compare to the UAE. The results also declared that there is much difference in the
economic development of Oman and UAE. Oman has Lower GDP than UAE and we found
significance difference between the GDP of Oman and UAE. This is a unique study in its findings
because it first time test the impact of oil and non-oil resources on the economic development of
Oman and UAE. The findings of our study will provide implication for the public policy makers.
The policy makers should now more focus on the non-oil resources because the energy resources
are going shift from Oil to other natural resources.
Key words: GDP, Oil, resources, revenue, Oman, UAE, and GCC.

- Dr. Md. Shabbir Alam, Dr. Mohammaed Noor Alam, Dr. Naushad Alam3 *