Dubai News: Details & News From The Fastest Increasing City In The Planet

The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states – Abu Dhabi, Ajman, Fujairah, Sharjah, Dubai, and Umm al Quwain – merged to form the United Arab Emirates (UAE). They had been joined in 1972 by Ras Al Khaimah. The UAE’s per capita GDP is on par with those of major West European nations. Its generosity with oil revenues and its moderate foreign policy stance have permitted the UAE to play a important role in the affairs of the area.

Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, in between Oman and Saudi Arabia.

Area: Total UAE: 83,600 sq km Dubai: 3,885 sq. km i.e significantly less than five% of UAE. And four instances the size of Singapore.

Land boundaries: With Oman 410 km, Saudi Arabia 457 km

Climate: Usually a desert climate. Hottest in July and August when temperatures reach 48 Deg C with RH of about 85%.

Elevation extremes: Lowest point: Persian Gulf m

Highest point: Jabal Yibir 1,527 m

Atmosphere – existing issues: Lack of organic freshwater sources compensated by desalination plants desertification beach pollution from oil spills.

Atmosphere – international agreements: Celebration to: Biodiversity, Climate Modify, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping, Ozone Layer Protectionsigned, but not ratified: Law of the Sea

Geography – note: Strategic location along southern approaches to Strait of Hormuz, a vital transit point for planet crude oil.

Population Dubai: 1.five mn 2007E

Age Group 15-64 years [79% of total population]: Male 73% Female: 27%

According to existing dubai news, about 80% of Dubai’s population consists of foreigners in the age group among 15 and 64 considering that visas are typically issued only for functioning people or investors and folks over 60 years need to pay further to get annual visas rather of 3 year ones. So there are handful of foreigners in the other age groups.

Ethnic groups: Recent Dubai news indicates that the break up is: Emirati 19%, other Arab and Iranian 23%, South Asian 30%, Westerners and East Asians 28%.

Religion: Muslim 96% (Shi’a 16%), other (involves Christian, Hindu) 4%

Languages: Arabic (official), Persian, English, Hindi, Urdu.

Government sort: Federation with specified powers delegated to the UAE federal government and other powers reserved to member emirates.

Time difference: GMT+4 (9 hours ahead of Washington, DC during Regular Time)

Independence: 2 December 1971 (from UK), which is a national holiday.

Legal program: Based on a dual system of Shari’a and civil courts has not accepted compulsory ICJ jurisdiction.

Judicial branch: Union Supreme Court (judges are appointed by the president).

Economy overview: Dubai has an open economy with a high per capita revenue and a sizable annual trade surplus. Profitable efforts at financial diversification, have created oil and gas a modest percentage of the total output. Since the discovery of oil in the UAE much more than 30 years ago, Dubai has undergone a profound transformation from an impoverished region of modest desert principalities to a modern day state with a higher standard of living.

The government has elevated spending on job creation and infrastructure expansion and is opening up utilities to higher private sector involvement. Dubai’s Totally free Trade Zones – offering 100% foreign ownership and zero taxes – are assisting to attract foreign investors. Greater revenue, robust liquidity, housing shortages, and low-cost credit in 2005-07 led to a surge in asset costs (shares and actual estate) and consumer inflation. Increasing prices are rising the operating fees for businesses in the Dubai and adversely impacting government employees and other folks on fixed incomes.

GDP (buying energy parity): $ 167.three billion (2007 est.)

GDP (official exchange price): $ 192.six billion (2007 est.)

GDP actual growth price: 7.four% (2007 est.)

Inflation price (customer costs): 11% (2007 est.)

Currency (code): Emirati dirham (AED)

Exchange rates: Emirati dirhams per US dollar – three.673 (2007), 3.673 (2006), three.6725 (2005), three.6725 (2004), 3.6725 (2003)note: officially pegged to the US dollar given that February 2002

Disputes – international: Boundary agreement was signed and ratified with Oman in 2003 for whole border, such as Oman’s Musandam Peninsula and Al Madhah enclaves, but contents of the agreement and detailed maps displaying the alignment have not been published Iran and UAE dispute Tunb Islands and Abu Musa Island, which Iran occupies.