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United Arab Emirates


The United Arab Emirates (UAE), which is composed of the emirates of Abu Dhabi, Dubai, Ajman, Fujairah, Ras al-Hayme, Sharjah and Ummul-Kayveyn, has one of the richest oil reserves in the world. The capital and second-largest emirate of the country, Abu Dhabi is also the country's political, industrial and cultural centre. According to 2016 data, it has a total population of 5.9 million. With a surface area of 83,600 square kilometers, the country's currency is Dirham. The official language is Arabic.

The UAE was founded after the British withdrew from Basra in 1971 when the seven emirates came together. Each emirate is ruled by its own orders. The state administration is in the hands of Sheikh Khalifa bin Zayid al-Nahyan, who is also the Emir of Abu Dhabi, and his family. The capital and the second largest emirate of the country, Abu Dhabi is also a political, industrial and cultural center. Dubai, the country's economic and tourist capital, also stands out as a developed city with many international companies.

In the UAE, which holds 7 percent of the world's oil reserves, according to 2016 figures, the gross domestic product is 693 billion dollars. The gross domestic product per capita in the country is around 45 thousand dollars. Unemployment is around 3.5 percent in the country, which has grown by 4 percent. Inflation is also 2 percent. According to 2016 data, 2.82 million barrels of oil are produced per day in the UAE, whose economy is based on oil and natural gas. 2.68 million barrels of this production is exported. The UAE's proven oil reserves amount to 97.8 billion barrels. Iran, Oman, and Japan are among the top three export partners of the country, where high military spending attracts attention. Import partners also lead China, India and the United States.



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