The United Arab Emirates is the third largest economy in the Middle East, after Saudi Arabia and Iran. The UAE has higher per capita incomes, business climate rank, and creditworthiness score in comparison to its MENAP affiliates (Middle East, North Africa, Afghanistan, Pakistan). The UAE is a major hub for Australian firms looking to conduct business in the Middle East and North Africa. Most of the UAE is very dependent on energy exports—petroleum and natural gas continue to play a central role in the economy. Growth lags behind most other MENAP economies.