About Middle East...
The United Arab Emirates was officially formed 2. December 1971 as an independent federation consisting of seven emirates; Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Umm Al Quwain, Ajman and Fujairah. Each emirate has a separate ruler. Abu Dhabi, the capital, is ruled by Sheikh Khalifa bin Zayed bin Sultan Al Nahyan since 2004 who is also the president of the UAE.
The UAE is strategically located in the Arabian Gulf, at the crossroads of trade and commerce between Europe and the Far East. It is uniquely positioned to service a large and diverse regional market that includes the Middle East, North and East Africa, the CIA (Commonwealth of Independent States) and the Indian subcontinent.
The total population is approximately 6.4 million, of which only 14% are UAE nationals, and the rest expatriates.
The UAE is politically stable with extensive oil and gas reserves.
Abu Dhabi has 85% of the UAE's oil production (2.8 mill b/d) and 10% of the world's oil reserves. With today's production Abu Dhabi has been projected to have enough oil the next 100 years. Within the next 5 years Abu Dhabi is the city forecasted to have the highest economic growth in the world. Abu Dhabi's tourism industry is rapidly expanding, and the airport will have the capacity to receive 20 - 50 million passengers yearly by 2010.
Dubai, the second largest emirate, is diversifying and focusing its economy away from oil. Dubai is expected to become independent from oil by the year 2015.
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| Exports To Middle East Facts |
| Location: |
Middle East |
| Coordinates: |
24 00 N, 54 00 E |
| Int. Dialing Code: |
+971 |
| Currency: |
Dirham |
| Language: |
Arabic (official), Persian, English, Hindi, Urdu |
| Area: |
83,600 sq km |
| Capital City: |
Abu Dhabi |
| Population: |
4,798,491 |
| Population Ranking: |
115th In The World |
| Employment: |
97.6% |
| Inflation: |
15.8% |
| GDP: |
$206.3 billion |
| GDP Ranking: |
51st In The World |
| GDP Growth: |
7.4% (2008) |
| Internet Users: |
2.922 million (2008) |
| Television Stations: |
15 |
| Phone Lines: |
1.508 million (2008) |
| Mobile Phones: |
9.358 million (2008) |
| Major Industry: |
petroleum and petrochemicals; fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, some boat building, handicrafts, textiles |
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