etymology: self-descriptive country name; the name "Arabia" could be traced back many centuries B.C., The traditional Egyptians referred to the location as "Ar Rabi"; "emirates" derives from "amir" the Arabic word for "commander," "lord," or "prince"
In early 2006 a intense debate emerged around the shift by state-owned Dubai Ports Environment (DP Environment) to choose more than administration of a number of U.S. ports as a result of its acquisition with the British agency that experienced previously run the ports. Citing safety fears, the U.S. Congress threatened to block the offer, which was supported by Pres. George W. Bush. Even though political confrontation was averted when DP Globe committed to divesting with the ports shortly thereafter, the incident provoked strong international discussion.
The booming economic system from the United Arab Emirates was slowed through the onset of the global fiscal disaster of 2007–08. The influence with the crisis was felt most in Dubai, the place a variety of substantial building initiatives were being suspended and housing values dropped by fifty per cent in a very calendar year. In late 2009 the government-operate investment decision company Dubai Earth announced that it would be struggling to repay its debts promptly.
The Involved Press is surely an independent world wide news Group dedicated to factual reporting. Started in 1846, AP currently continues to be probably the most dependable supply of rapid, correct, unbiased information in all formats and also the critical provider on the know-how and expert services essential to your information business. More than half the entire world’s population sees AP journalism on a daily basis.
Encyclopaedia Britannica's editors oversee subject matter areas by which they have got intensive knowledge, regardless of whether from many years of encounter acquired by focusing on that articles or by using examine for a complicated degree. They compose new information and verify and edit information been given from contributors.
Dubai, called the financial hub with the UAE, follows Abu Dhabi in sizing. Found to the Arabian Gulf's southern shore, Furthermore, it involves the famous metropolis of Dubai, one of many earth's most vital financial and business centers.
After the nine/11 terrorist assaults on The us, the UAE was recognized as a major economical centre used by Al-Qaeda in transferring revenue on the hijackers. The nation instantly cooperated with The usa, freezing accounts tied to suspected terrorists and strongly clamping down on money laundering.
Among the very first critical issues the United Arab Emirates confronted following independence was the Islamic Revolution (1979) in nearby Iran and the next Iran-Iraq War (1980–88). They accompanied a resurgence of Islamic fundamentalism that posed a double danger to the federation’s steadiness by building unrest Amongst the Iranian Shiʿresides from the emirates and delivering inspiration on the expanding figures of young activist Sunnis, who located the existing political get unsupportive and uncommitted to upholding Islamic values.
A wealthy history of trade While using the Harappan tradition of the Indus Valley can also be evidenced by finds of jewelry along with other items and You can find also substantial early evidence of trade with Afghanistan[5] and Bactria[6] in addition to the Levant.[seven]
The government is making ready an built-in technique which will enable them to totally dispense with oil as 1 essential compartment on more info the financial state for the reason that at this time a lot more than thirty% on the UAE's GDP is predicated on oil.[17]
Flag from the Trucial States Council Significantly, the treaties with the British have been maritime in mother nature as well as the Trucial Rulers were being absolutely free to manage their inner affairs, Whilst they frequently brought the British (as well as their naval firepower) to bear on their Repeated disputes. This was particularly the case the place disputes included indebtedness to British and Indian nationals.
In 2006 the United Arab Emirates held its very first elections. An exceedingly minimal electoral higher education was permitted to vote for the selection of 50 percent from the membership on the advisory Federal Nationwide Council, the opposite 50 % of which would stay specified by appointment.
The UAE's for every-capita GDP is on par with Individuals of leading West European nations. For greater than a few a long time, oil and world wide finance drove the UAE's overall economy. In 2008-09, the confluence of slipping oil charges, collapsing real estate property prices, along with the international banking disaster strike the UAE Specially really hard.
Watch all of our possibilities to locate the tailor made trophy, medal or award plaque which is perfect for the award-winning unique you ought to rejoice. We only use high-excellent products for products which can stand up to the a long time.