Monday, October 4, 2010

About United Arab Emirates

The United Arab Emirates (UAE) is a federation of seven emirates that was formed in December 2, 1971.

Country Name Conventional Long Form: United Arab Emirates
Local Long Form (Arabic): Dawlat Al Imarat Al Arabiyya Al Muttahidah
Local Short Form (Arabic): Al Imarat
Abbreviation: UAE
Arabic Words:
دولة الإمارات العربية المتحدة
Emirates Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Qaiwain, Ras al-Khaimah and Fujairah
Capital Abu Dhabi
National Day Independence Day (from UK), 2 December (1971)
President HH Sheikh Khalifa bin Zayed Al Nahyan (3 November 2004)
Vice-President & Prime Minister HH Sheikh Mohammed bin Rashid Al Maktoum (5 January 2006)
Political System A federation with specific areas of authority constitutionally assigned to the UAE Federal Government and other powers reserved for member emirates
Constitution Adopted provisionally on 2 December 1971, made permanent in 1996
Area 83,600 square kilometers
Time UAE Standard Time is 4 hours ahead of Greenwich Mean Time (GMT+4)
Daylight Saving Time UAE Time does not operate Daylight-Saving Time
International Dialing Code +971
Currency Emirati Dirham (Dh or AED), divided into 100 Fils
Exchange Rate US$ 1 = AED 3.6725
The UAE Dirham has been officially pegged to the US dollar since February 2002
Language The official language is Arabic. English is widely understood and ranks alongside Arabic as the language of commerce
Religion Islam. Practice of all religious beliefs is allowed
Population 4.106 million (December, 2005)
GDP AED 485.5 billion (2005, Current Prices)
Real GDP Growth 8.2% (2005)
Non-Oil Sector Contribution to Nominal GDP 64% (2005)
Foreign Direct Investment US$10 billion (2005)
Industries Oil & Gas, Aluminum, Cement, Fertilizers, Commercial Ship Repair, Petrochemicals,
Construction Materials, Pharmaceuticals, Tourism
Oil Production 2.8 million barrels per day
Oil Proven Reserves 98.1 billion barrels
Natural Gas Production 65 billion cubic meters
Natural Gas Proven Reserves 6 trillion cubic meters
Fiscal Year 1 January to 31 December
Weekend Friday and Saturday for government institutions. Many private companies operate a six-day week (with Friday as an off day)
Exports AED 424 billion (2005)
Free-Zone Exports AED 63.9 billion (2005)
Re-Exports AED 139.5 billion (2005)
Imports AED 261.2 billion (2005)
Cultivated Areas 260,000 hectares, 3.1% of total territory
Number of Date Palms Over 40 million
Agriculture & Fisheries Products Dates, Green Fodder, Vegetables and Fruit; Livestock, Poultry, Eggs, Dairy Products; Fish
Estimated Fisheries Catch 97,574 tons
Flag Three equal horizontal bands of green (top), white, and black with a wider vertical red band on the hoist side

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