Population: 5,779,760
Longitude: 24 00 N
Latitude: 54 00 E
Latitude: 54 00 E
Weather and Climate: Hot, humid, low annual rainfall, cooler in eastern mountains
Landforms: The United Arab Emirates is a "flat, barren coastal plain merging into rolling sand dunes of vast desert with mountains in east. It borders the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Closest Airport: Dubai International Airport
Natural Resources - Petroleum, natural gas
Industries - Petroleum, fishing, petrochemicals, construction materials, some boat building, handicrafts, pearling
Economy - The UAE has gone through a very intense “transformation from an impoverished region of small desert principalities to a modern state with a high standard of living.” Increased spending on job creation and infrastructure expansion from the government has opened up the private sector. Foreign investors are attracted to UAE because of the country’s free trade zone. Due to the global financial crisis of 2008 UAE authorities were forced to bailout Dubai for $20 billion dollars which was eventually refinanced in 2014. Long term challenges that the country will face is dependence on oil and growing inflation pressures. Low oil prices have led the UAE to reduce their social spending. Their strategic plan for the next few years focuses on economic diversification and job creation for nationals by improving education and an increase in private sector employment.
Industries - Petroleum, fishing, petrochemicals, construction materials, some boat building, handicrafts, pearling
Economy - The UAE has gone through a very intense “transformation from an impoverished region of small desert principalities to a modern state with a high standard of living.” Increased spending on job creation and infrastructure expansion from the government has opened up the private sector. Foreign investors are attracted to UAE because of the country’s free trade zone. Due to the global financial crisis of 2008 UAE authorities were forced to bailout Dubai for $20 billion dollars which was eventually refinanced in 2014. Long term challenges that the country will face is dependence on oil and growing inflation pressures. Low oil prices have led the UAE to reduce their social spending. Their strategic plan for the next few years focuses on economic diversification and job creation for nationals by improving education and an increase in private sector employment.
Description of the Flag: The flag incorporates all four colors which represent Pan-Arab. Green represents fertility. White represents neutrality. Petroleum resources are represented in black and red represents unity.
Currency: UAE Dirham (AED)
Official Language: Arabic (official), English, Hindi, Urdu, Farsi