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Countries

United Arab Emirates

The United Arab Emirates (/juːˌnaɪtᵻd ˌærəb ˈɛmɪrᵻts/; Arabic: دولة الإمارات العربية المتحدة‎‎ Dawlat al-Imārāt al-'Arabīyah al-Muttaḥidah), sometimes simply called the Emirates or the UAE, is a country at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran.

In 2013, the UAE's population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates.

Established in December 1971, the country is a federation of seven emirates.

The constituent emirates are Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain.

Each emirate is governed by an absolute monarch; together, they jointly form the Federal Supreme Council.

One of the monarchs is selected as the President of the United Arab Emirates.

Islam is the official religion of the UAE, and Arabic is the official language, although English is widely spoken and is the language of business and education, especially in Abu Dhabi and Dubai.

The UAE's oil reserves are the seventh-largest in the world, while its natural gas reserves are the world's seventeenth-largest.

Sheikh Zayed, ruler of Abu Dhabi and the first President of the UAE, oversaw the development of the Emirates and steered oil revenues into healthcare, education and infrastructure.

The UAE's economy is the most diversified in the Gulf Cooperation Council, with its most populous city of Dubai emerging into a global city and international aviation hub.

Nevertheless, the country remains extremely reliant on its export of petroleum and natural gas.

The UAE has been criticized for its human rights record, including the specific interpretations of Shari'a used in its legal system.

The UAE's rising international profile has led some analysts to identify it as a regional and middle power.

Region:Middle East & North Africa
Income Level:High income
Population, total:9,400,145 (2017)
Capital:Abu Dhabi
Longitude:54.3705
Latitude:24.4764
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

There is no data available for this indicator.

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

There is no data available for this indicator.

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.