The united Arab emirates was declared as an independent federal state on the 2nd of December, 1971 the UAE comprises seven emirates namely Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah with coasts overlooking the Arabian Gulf and the Gulf of Oman. Location : The UAE lies between latitudes 22 and 26.5 north and longitudes 51 and 56.5 east. The coasts of six Emirates extend along the Arabian Gulf in the Eastern part of the Arabian Peninsula, while Fujairah is the only Emirate which overlooks the Gulf of Oman. Area : The total area of the UAE, which includes land and sea territories and islands total 5900 sq kms. Population : As per the latest national census conducted in 1995 the UAE population stood at 2377354 Climate : The UAE climate tends to be mild and cool between November and April, with occasional rainfalls, while between May and September the climate is hot and humid. Humidity climbs to its maximum degree during July & August. The Political System : The UAE is constitutionally a federal state in which the highest political organ is the Federal Supreme Council. Comprising rulers of the seven emirates. The UAE Economy : One of the top priorities of the UAE government is realization of economic and social development. The government is keen to encourage investment and for his purpose adopts legislation and laws which regulate economic affairs and ensure the creation of a favorable climate for investment activities. In this respect, the government has earmarked sizeable funds for setting up advanced infrastructure and provision of basic services. This wise policy resulted in the attraction of both local and foreign investments and rapid growth of the business, services and tourist sectors. Performance of the UAE Economy : The UAE Gross Domestic Product (GDP) in 1997 totaled Dhs. 176.3 billion compared with Dhs. 174.2 billion in 1996, realizing a slight rise of 1.2% This modest growth is attributed to the dropping prices of crude oil during that period. But despite that the non-oil sectors achieved significant rates of growth. |
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