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UNITED ARAB EMIRATES (UAE)

UNITED ARAB EMIRATES (UAE). An In Depth Look…. BACKGROUND . Previously under the control of the United Kingdom Formerly the Trucial States of the Persian Gulf, in 1971 six states formed an alliance to create the United Arab Emirates Until 2010, it had no formal legislative system

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UNITED ARAB EMIRATES (UAE)

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  1. UNITED ARAB EMIRATES (UAE) An In Depth Look…

  2. BACKGROUND • Previously under the control of the United Kingdom • Formerly the Trucial States of the Persian Gulf, in 1971 six states formed an alliance to create the United Arab Emirates • Until 2010, it had no formal legislative system • Affairs were handled by necessary parties involved

  3. HISTORY • The Portuguese take control in the 16th century • Vasco de Gama discovered the land while looking for a spice route to Asia • They maintained control for 150 years • British expeditions and raids in the area eventually led them to take control • This region became known as the “Pirate Coast” • In an attempt to stop the raids and not engage in hostile action, the sheikhs signed a treaty in 1853 allowing the British to take control of their settlement

  4. SIZE AND STRUCTURE • It is currently the 115th largest country at 83 600 square feet • There is no water located within the country but it has an impressive coastline • It is largely a desert climate but cooler in the north eastern mountains • Plentiful supply of petroleum and natural gas

  5. SIZE AND STRUCTURE • Frequent sand storms • Strategically located along the Strait of Hormuz, which is a vital transit point for trading crude oil

  6. ENVIRONMENTAL CONCERNS • The United Arab Emirates belongs to the following green organizations • Bio-Diversity, Climate Change, Kyoto Protocol, Endangered Species Watch, and Ozone Layer Protection • It has also signed, but not ratified, The Law of the Sea

  7. THE PEOPLE • Known as the Emirati • The official language is Arabic • Current population: 5 314 317 • Increase in growth yearly is 3.055% • Primary population lives in Abu Dhabi or Dubai • Unemployment rate is 12.1%

  8. GUESS WHAT THIS IS!

  9. GOVERNMENT • Independence Day: December 2, 1971 • Executive Branch • Prime Minister • Vice President • Cabinet • Council of Ministers appointed by the Prime Minister • Interesting fact: political parties are not allowed!

  10. ECONOMY • Open economy (free market system) • Very high per capita income • High annual trade surplus • Oil was discovered just over 30 years ago • This led to a drastic change from a floundering under developed nation to the world power house we know today • Foreign investors like the idea of a Free Trade Agreement with the US

  11. ECONOMY • UAE is looking to expand its industry as soaring oil prices in 2009 constricted the economy and placed Dubai severely in debt • Their strategic plan in the next few years is to focus on diversification and creating more opportunities for nationals through education and private sector investment

  12. THE NUMBERS • GDP- $360.1 billion • GDP per capita- $48 800 • GDP by sector • Services- 45.3% • Industry- 53.9% • Population below poverty- 19.5%

  13. INDUSTRIES • Petroleum, petro-chemicals, fishing, aluminum, cement, fertilizers, and commercial ship repairs and construction • Oil • Production- 2.813 million bbl/day • Consumption- 545 000 bbl/day • Exports- 2.395 million bbl/day • Imports- 235 300 bbl/day • BBL = one barrel unit of oil

  14. TRANSPORTATION • 42 airports • 25 with paved runways • 5 heliports • 458 km of pipeline with the ability to carry refined gas • 61 merchant marine docks • 3 bulk carrier, 13 cargo, 8 chemical tanker, 7 container, 1 liquefied gas, 1 passenger, and 24 petroleum containers

  15. OTHER POINTS TO CONSIDER • There is no form of conscription in the UAE • Boundary agreements have been signed and ratified with Oman but the details have not been published (2003) • They are on good terms still • UAE and Iran dispute the Tunb Islands and Abu Musa Islands • Iran currently occupies this land • UAE has taken no action towards Iran • Because of its proximity to South Asia, the UAE is susceptible to drug trafficking and money laundering

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