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United Arab Emirates

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Geography
The United Arab Emirates, in the eastern part of the Arabian Peninsula, extends along part of the Gulf of Oman and the southern coast of the Persian Gulf. The nation is the size of Maine. Its neighbors are Saudi Arabia to the west and south, Qatar to the north, and Oman to the east. Most of the land is barren and sandy.


Government
Federation formed in 1971 by seven emirates known as the Trucial States—Abu Dhabi (the largest), Dubai, Sharjah, Ajman, Fujairah, Ras al-Khaimah, and Umm al-Qaiwain. In addition to a federal president and prime minister, each emirate has a separate ruler who oversees the local government.

History
Originally the area was inhabited by a seafaring people who were converted to Islam in the 7th century. Later, a dissident sect, the Carmathians, established a powerful sheikdom, and its army conquered Mecca. After the sheikdom disintegrated, its people became pirates. Threatening the Sultanate of Muscat and Oman early in the 19th century, the pirates provoked the intervention of the British, who in 1820 enforced a partial truce and in 1853 a permanent truce. Thus what had been called the Pirate Coast was renamed the Trucial Coast. The British provided the nine Trucial states with protection but did not formally administer them as a colony.

The British withdrew from the Persian Gulf in 1971, and the Trucial states became a federation called the United Arab Emirates (UAE). Two of the Trucial states, Bahrain and Oman, chose not to join the federation, reducing the number of states to seven.

The country signed a military defense agreement with the U.S. in 1994 and one with France in 1995.

Sheikh Zayed bin Sultan Al Nahyan, the founder of the UAEand ruler of the federation since 1971, died in Nov. 2004. His son succeeded him. In Jan. 2006, Sheik Maktoum bin Rashid Al Maktoum, the prime minister of the UAE and the emir of Dubai, died. Crown Prince Sheikh Muhammad ibn Rashid al-Maktoum assumed both roles.

In March 2006, the U.S. Congress objected to and thwarted the takeover of six American seaports by Dubai Ports World, owned by the UAE's government, citing national security concerns.

Economy
Industries involving the area's oil and natural-gas deposits are still critical to the economy, and provide the bulk of export earnings. However, the country's increasingly diversified economy relies also on international banking, financial services, regional corporate headquarters, and tourism. The traditional occupations of fishing and pearling are still practiced, and there is some agriculture (dates, vegetables, watermelon, poultry). Aluminum, fertilizer, and textiles are manufactured, and there is commercial ship repair. Imports include machinery and equipment, chemicals, and food; trading partners are Japan, India, Great Britain, South Korea, and China. The UAE has a large trade surplus.

 

 

Abu Dhabi | Dubai | Sharjah | Ajman | Umm-Al-Quwain | Fujairah | Ras-Al- Khaimah

 

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Tel: + 971 2 642 5000 - Fax: + 971 2 642 0649 - E-mail: info@versailles-properties.com - V.P.P.I. Co. Copyright - 2009


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