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Introduction Background: Definition Field Listing The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states - Abu Zaby, 'Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al Qaywayn - merged to form the United Arab Emirates (UAE). They were joined in 1972 by Ra's al Khaymah. The UAE's per capita GDP is on par with those of leading West European nations. Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs of the region. Geography Location: Definition Field Listing Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia Geographic coordinates: Definition Field Listing 24 00 N, 54 00 E Map references: Definition Field Listing Middle East Area: Definition Field Listing Rank Order total: 83,600 sq km land: 83,600 sq km water: 0 sq km Area - comparative: Definition Field Listing slightly smaller than Maine Land boundaries: Definition Field Listing total: 867 km border countries: Oman 410 km, Saudi Arabia 457 km Coastline: Definition Field Listing 1,318 km Maritime claims: Definition Field Listing territorial sea: 12 nm contiguous zone: 24 nm exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin Climate: Definition Field Listing desert; cooler in eastern mountains Terrain: Definition Field Listing flat, barren coastal plain merging into rolling sand dunes of vast desert wasteland; mountains in east Elevation extremes: Definition Field Listing lowest point: Persian Gulf 0 m highest point: Jabal Yibir 1,527 m Natural resources: Definition Field Listing petroleum, natural gas Land use: Definition Field Listing arable land: 0.77% permanent crops: 2.27% other: 96.96% (2005) Irrigated land: Definition Field Listing 760 sq km (2003) Total renewable water resources: Definition Field Listing 0.2 cu km (1997) Freshwater withdrawal (domestic/industrial/agricultural): Definition Field Listing total: 2.3 cu km/yr (23%/9%/68%) per capita: 511 cu m/yr (2000) Natural hazards: Definition Field Listing frequent sand and dust storms Environment - current issues: Definition Field Listing lack of natural freshwater resources compensated by desalination plants; desertification; beach pollution from oil spills Environment - international agreements: Definition Field Listing party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping, Ozone Layer Protection signed, but not ratified: Law of the Sea Geography - note: Definition Field Listing strategic location along southern approaches to Strait of Hormuz, a vital transit point for world crude oil Government Country name: Definition Field Listing conventional long form: United Arab Emirates conventional short form: none local long form: Al Imarat al Arabiyah al Muttahidah local short form: none former: Trucial Oman, Trucial States abbreviation: UAE Government type: Definition Field Listing federation with specified powers delegated to the UAE federal government and other powers reserved to member emirates Capital: Definition Field Listing name: Abu Dhabi geographic coordinates: 24 28 N, 54 22 E time difference: UTC+4 (9 hours ahead of Washington, DC during Standard Time) Administrative divisions: Definition Field Listing 7 emirates (imarat, singular - imarah); Abu Zaby (Abu Dhabi), 'Ajman, Al Fujayrah, Ash Shariqah (Sharjah), Dubayy (Dubai), Ra's al Khaymah, Umm al Qaywayn (Quwayn) Independence: Definition Field Listing 2 December 1971 (from UK) National holiday: Definition Field Listing Independence Day, 2 December (1971) Constitution: Definition Field Listing 2 December 1971; made permanent in 1996 Legal system: Definition Field Listing based on a dual system of Shari'a and civil courts; has not accepted compulsory ICJ jurisdiction Suffrage: Definition Field Listing none Executive branch: Definition Field Listing chief of state: President KHALIFA bin Zayid al-Nuhayyan (since 3 November 2004), ruler of Abu Zaby (Abu Dhabi) (since 4 November 2004); Vice President and Prime Minister MUHAMMAD bin Rashid al-Maktum (since 5 January 2006) head of government: Prime Minister and Vice President MUHAMMAD bin Rashid al-Maktum (since 5 January 2006); Deputy Prime Ministers SULTAN bin Zayid al-Nuhayyan (since 20 November 1990) and HAMDAN bin Zayid al-Nuhayyan (since 20 October 2003) cabinet: Council of Ministers appointed by the president note: there is also a Federal Supreme Council (FSC) composed of the seven emirate rulers; the FSC is the highest constitutional authority in the UAE; establishes general policies and sanctions federal legislation; meets four times a year; Abu Zaby (Abu Dhabi) and Dubayy (Dubai) rulers have effective veto power elections: president and vice president elected by the FSC for five-year terms (no term limits); election last held 3 November 2004 upon the death of the UAE's Founding Father and first President ZAYID bin Sultan Al Nuhayyan (next to be held in 2009); prime minister and deputy prime minister appointed by the president election results: KHALIFA bin Zayid al-Nuhayyan elected president by a unanimous vote of the FSC; MUHAMMAD bin Rashid al-Maktum unanimously affirmed vice president after the 2006 death of his brother Sheikh Maktum bin Rashid al-Maktum Legislative branch: Definition Field Listing unicameral Federal National Council (FNC) or Majlis al-Ittihad al-Watani (40 seats; 20 members appointed by the rulers of the constituent states, 20 members elected to serve two-year terms) elections: elections for one half of the FNC (the other half remains appointed) held in the UAE on 18-20 December 2006; the new electoral college - a body of 6,689 Emiratis (including 1,189 women) appointed by the rulers of the seven emirates - were the only eligible voters and candidates; 456 candidates including 65 women ran for 20 contested FNC seats; one female from the Emirate of Abu Dhabi won a seat note: reviews legislation but cannot change or veto Judicial branch: Definition Field Listing Union Supreme Court (judges are appointed by the president) Political parties and leaders: Definition Field Listing none Political pressure groups and leaders: Definition Field Listing NA International organization participation: Definition Field Listing ABEDA, AFESD, AMF, FAO, G-77, GCC, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, LAS, MIGA, NAM, OAPEC, OIC, OPCW, OPEC, UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTO Diplomatic representation in the US: Definition Field Listing chief of mission: Ambassador (vacant) chancery: 3522 International Court NW, Suite 400, Washington, DC 20008 telephone: [1] (202) 243-2400 FAX: [1] (202) 243-2432 consulate(s): New York, Houston Diplomatic representation from the US: Definition Field Listing chief of mission: Ambassador (vacant); Charge d'Affaires Martin R. QUINN embassy: Embassies District, Plot 38 Sector W59-02, Street No. 4, Abu Dhabi mailing address: P. O. Box 4009, Abu Dhabi telephone: [971] (2) 414-2200 FAX: [971] (2) 414-2603 consulate(s) general: Dubai Flag description: Definition Field Listing three equal horizontal bands of green (top), white, and black with a wider vertical red band on the hoist side Economy United Arab Emirates Top of Page Economy - overview: Definition Field Listing The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Despite largely successful efforts at economic diversification, nearly 40% of GDP is still directly based on oil and gas output. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement. In April 2004, the UAE signed a Trade and Investment Framework Agreement with Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement with the US. The country's Free Trade Zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors. Higher oil revenue, strong liquidity, housing shortages, and cheap credit in 2005-07 led to a surge in asset prices (shares and real estate) and consumer inflation. Rising prices are increasing the operating costs for businesses in the UAE and adversely impacting government employees and others on fixed incomes. Dependence on oil and a large expatriate workforce are significant long-term challenges. The UAE's strategic plan for the next few years focuses on diversification and creating more opportunities for nationals through improved education and increased private sector employment. GDP (purchasing power parity): Definition Field Listing Rank Order $167.3 billion (2007 est.) GDP (official exchange rate): Definition Field Listing $192.6 billion (2007 est.) GDP - real growth rate: Definition Field Listing Rank Order 7.4% (2007 est.) GDP - per capita (PPP): Definition Field Listing Rank Order $37,300 (2007 est.) GDP - composition by sector: Definition Field Listing agriculture: 1.8% industry: 59.3% services: 38.9% (2007 est.) Labor force: Definition Field Listing Rank Order 3.065 million (2007 est.) Labor force - by occupation: Definition Field Listing agriculture: 7% industry: 15% services: 78% (2000 est.) Unemployment rate: Definition Field Listing Rank Order 2.4% (2001) Population below poverty line: Definition Field Listing 19.5% (2003) Household income or consumption by percentage share: Definition Field Listing lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): Definition Field Listing Rank Order 11% (2007 est.) Investment (gross fixed): Definition Field Listing Rank Order 21.8% of GDP (2007 est.) Budget: Definition Field Listing revenues: $58.88 billion expenditures: $38.06 billion (2007 est.) Public debt: Definition Field Listing Rank Order 22.9% of GDP (2007 est.) Agriculture - products: Definition Field Listing dates, vegetables, watermelons; poultry, eggs, dairy products; fish Industries: Definition Field Listing petroleum and petrochemicals; fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, some boat building, handicrafts, textiles Industrial production growth rate: Definition Field Listing Rank Order 4.3% (2007 est.) Electricity - production: Definition Field Listing Rank Order 57.06 billion kWh (2005) Electricity - consumption: Definition Field Listing Rank Order 52.62 billion kWh (2005) Electricity - exports: Definition Field Listing 0 kWh (2005) Electricity - imports: Definition Field Listing 0 kWh (2005) Oil - production: Definition Field Listing Rank Order 2.54 million bbl/day (2006 est.) Oil - consumption: Definition Field Listing Rank Order 372,000 bbl/day (2005 est.) Oil - exports: Definition Field Listing Rank Order 2.54 million bbl/day (2004 est.) Oil - imports: Definition Field Listing Rank Order 137,200 bbl/day (2004) Oil - proved reserves: Definition Field Listing Rank Order 97.8 billion bbl (2007 est.) Natural gas - production: Definition Field Listing Rank Order 45.07 billion cu m (2005 est.) Natural gas - consumption: Definition Field Listing Rank Order 39.56 billion cu m (2005 est.) Natural gas - exports: Definition Field Listing Rank Order 6.848 billion cu m (2005 est.) Natural gas - imports: Definition Field Listing Rank Order 1.343 billion cu m (2005) Natural gas - proved reserves: Definition Field Listing Rank Order 5.823 trillion cu m (1 January 2006 est.) Current account balance: Definition Field Listing Rank Order $41.67 billion (2007 est.) Exports: Definition Field Listing Rank Order $156.6 billion f.o.b. (2007 est.) Exports - commodities: Definition Field Listing crude oil 45%, natural gas, reexports, dried fish, dates Exports - partners: Definition Field Listing Japan 23.4%, South Korea 10.3%, Thailand 5%, India 4.8% (2006) Imports: Definition Field Listing Rank Order $101.6 billion f.o.b. (2007 est.) Imports - commodities: Definition Field Listing machinery and transport equipment, chemicals, food Imports - partners: Definition Field Listing China 13.1%, India 10.2%, US 8.9%, Japan 6.2%, Germany 6.1%, Italy 4.7% (2006) Economic aid - donor: Definition Field Listing since its founding in 1971, the Abu Dhabi Fund for Development has given about $5.2 billion in aid to 56 countries (2004) Economic aid - recipient: Definition Field Listing $5.36 million (2004) Reserves of foreign exchange and gold: Definition Field Listing Rank Order $76.62 billion (31 December 2007 est.) Debt - external: Definition Field Listing Rank Order $57.52 billion (31 December 2007 est.) Stock of direct foreign investment - at home: Definition Field Listing Rank Order $44.37 billion (2007 est.) Stock of direct foreign investment - abroad: Definition Field Listing Rank Order $14.14 billion (2007 est.) Market value of publicly traded shares: Definition Field Listing Rank Order $138.5 billion (2006) Currency (code): Definition Field Listing Emirati dirham (AED) Exchange rates: Definition Field Listing Emirati dirhams per US dollar - 3.673 (2007), 3.673 (2006), 3.6725 (2005), 3.6725 (2004), 3.6725 (2003) note: officially pegged to the US dollar since February 2002 Fiscal year: Definition Field Listing calendar year Transnational Issues Disputes - international: Definition Field Listing boundary agreement was signed and ratified with Oman in 2003 for entire border, including Oman's Musandam Peninsula and Al Madhah enclaves, but contents of the agreement and detailed maps showing the alignment have not been published; Iran and UAE dispute Tunb Islands and Abu Musa Island, which Iran occupies Illicit drugs: Definition Field Listing the UAE is a drug transshipment point for traffickers given its proximity to Southwest Asian drug-producing countries; the UAE's position as a major financial center makes it vulnerable to money laundering; anti-money-laundering controls improving, but informal banking remains unregulated moreTop Business Commercial Debt Negotiation Links
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