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Transcript of UAE
Ana Puerta Inglés comercial
Análisis de textos económicos General knowledge The UAE is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujaijarh, Ras al-Khajmah, Shariah and Unm al-Quwain. Government Emir President Currency divided into 100 Fils,
with an exchange rate of US$ 1 = AED 3,6725 Emirati Dirham (Dh or AED) of the UAE is desert! 4/5 although you can find dunes, oases, rocky mountains or fertile plains. Religion Islamic traditions Tolerance Economy Abu Dhabi Dubai GDP Numbers History Nowadays -Non-Oil Sector Contribution to Nominal GDP: 64% (2005).
-Foreign Direct Investment: US$10 billion (2005).
-Oil Production: 2.8 million barrels per day.
-Natural Gas Production: 65 billion cubic meters. GDP: $360 billion in 2012. 2º in the CCASG
3º in the Middle East
30th in the world. Fishing and pearl industry. ... Oil was dicovered. 1950 1962 Abu Dhabi became the first of the emirates exporting oil. 2008-2009 2003 Construction boom. Falling oil prices, global banking downturn. Nowadays... The world's eighth largest oil producer. Free market economy. Minimal restrictions. One of the fastest growing economy GDP rose by 20,8% in 2012 History GDP Numbers Diversify the economy. It's the headquarter for: President, cabinet, ministries, Federal institutions, foreing embassies... 90% of oil production Leading role in political and economic decision-making. The "Pearl of the Arabian Gulf" The foremost centre of finance, commerce, transportation, and tourism. The Estate 3.885 km² 5% of the UAE Population of 800.000 residents which enjoys one of the highest per capita incomes in the region. Khour-Dubai The Southern division (Bur-Dubai)
The Ruler's office, head offices and major companies, banks, custom, port, broadcast station and postal authority. The Northern division (Diera)
The centre of business and tourism, most shops, markets, schools, hotels, clubs and Dubai International Airport. The economy Free trade zone for 100% foreign ownership + 0 taxation To diversify the economy Real estate and construction (22.6%),
trade (16%) and financial services (11%) are the largest contributors to Dubai's economy. 37th within the top 50 of global financial cities (2007) and 1st within the Middle East. Dubai is the 44th best financial city in the world (2007). 33rd position in the list of the richest cities in the world (2009). 2010 2011 4,2%