The United Arab Emirates (UAE) is a country on the Arabian Peninsula located on the southeastern coast of the Persian Gulf and the northwestern coast of the Gulf of Oman. Bordering Oman and Saudi Arabia. The UAE consists of seven emirates and was founded on 2 December 1971 as a federation. The seven emirates which is Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah
The United Arab Emirates has the world’s seventh largest oil reserves and possesses one of the most developed economies in the Middle East. It is currently the thirty-sixth largest economy at market exchange rates, and has a high per capita gross domestic product, with a nominal per capita GDP of $46,584 as per the IMF. The country is fourteenth largest in purchasing power per capita and has a relatively high Human Development Index for the Asian continent, ranking 35th globally. The United Arab Emirates is classified as a high income developing economy by the IMF.
The United Arab Emirates is a founding member of the Cooperation Council for the Arab States of the Gulf and a member state of the Arab League. It is also a member of the United Nations, Organization of the Islamic Conference, the OPEC, and the World Trade Organization.
Today, the UAE is a modern, oil exporting country with a highly diversified economy, with Dubai in particular developing into a global hub for tourism, retail, and finance home to the world’s tallest building, and largest man-made seaport.