United Arab Emirates

The United Arab Emirates is a country situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar and Iran.

The UAE is a federation of seven emirates, each governed by a hereditary emir, with a single national president. The constituent emirates are Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Abu Dhabi is the capital and is also the state's center of political, industrial, and cultural activities.

UAE oil reserves are ranked as the worlds sixth largest, and it possesses one of the most developed economies in West Asia. It has a high per capita gross domestic product (GDP), with a nominal per capita GDP of US$ 47,407 as per the International Monetary Fund (IMF). The UAE is classified as a high-income developing economy by the IMF.

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