this post was submitted on 03 Jun 2025
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Yeah, I don't think pearls or trade is making Dubai that rich anyhow any more. Especially after the Suez and like you said "cultured pearls.”
Neither is oil. The experience of losing pearl money and going poor for some years before oil was discovered is what motivated them to plan moving away from oil decades ago.
They are rich from trade though.
Are they trading slaves for money?
No, when people accuse the UAE of slavery they mean the oppressive and exploitive working conditions that abuse the class and wealth hierarchy, into a form akin to slavery. Not actual slavery where people are being sold outright, that is actually outlawed. In the same sense when people say prison labour, and undocumented migrant labour in some highly developed countries is a form of slave labour. It is not slavery in the traditional sense but still a grave abuse of human rights.
Some progress is being made on the matter, and there's still a long way ahead. India-UAE Progress on Migration Agreements and Mobility Pacts. India’s Labour Agreements with the Gulf Cooperation Council Countries: An Assessment.
Trade makes up 26% of it's GDP. That's the largest contributor.
Trade in what, that makes no sense... Oil and gas exports make up 85% of its economy