UAE Caravan

UAE Caravan

Sunday, January 10, 2010

Intro to the UAE


Good morning ladies and gentlemen ^_^

I have prepared information about the UAE and will add it step by step. Let's start with general information, then we will discuss each emirate individually.

The United Arab Emirates (UAE) is a federation of seven emirates situated in the southeast of the Arabian Peninsula in Southwest Asia on the Persian Gulf, bordering Oman and Saudi Arabia. The UAE consists of seven states, termed emirates, which are:

1-Abu Dhabi (The Capital)
2-Dubai
3-Sharjah
4-Ajman
5-Umm al-Quwain
6-Ras al-Khaimah
7-Al Fujairah

The capital and second largest city of the United Arab Emirates is Abu Dhabi. It is also the country's center of political, industrial, and cultural activities.
The political system of the United Arab Emirates, based on the 1971 Constitution, comprises several intricately connected governing bodies. Islam is the official religion and Arabic is the official language.

The Constitution of the United Arab Emirates provides a legal and political framework for the operation of the UAE as a federation of seven emirates. The Constitution came into effect on December 2, 1971 and was permanently accepted in May 1996. Authored by Adi Bitar, a former judge and legal advisor, the Constitution is written in 10 parts and has 151 Articles. The United Arab Emirates celebrates the formation of the Union (and acceptance of the federal constitution) as National Day.

The United Arab Emirates has the world's sixth largest oil reserves and possesses one of the most developed economies in the Middle East. It is currently the thirty-sixth largest economy at market exchange rates, and has a high per capita gross domestic product, with a nominal per capita GDP of $46,584 as per the International Monetary Fund (IMF), which is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rates and the balance of payments. It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development. It also offers highly leveraged loans, mainly to poorer countries. Its headquarters are in Washington, DC, United States.

The UAE is fourteenth largest in purchasing power per capita and has a relatively high Human Development Index for the Asian continent, ranking 35th globally. The United Arab Emirates is classified as a high income developing economy by the IMF.

The United Arab Emirates is a founding member of the Cooperation Council for the Arab States of the Gulf, and a member state of the Arab League. It is also a member of the United Nations, Organization of the Islamic Conference, the OPEC, and the World Trade Organization.

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