The United Arab Emirates is a Middle Eastern country. The UAE is comprised of seven emirates that include Abu Dhabi, Dubai, Ajman, Ras Al Khaimah, Sharjah, Fujairah, and Umm Al Quwain. UAE got its independence on December 2nd 1972 from the British government and the seven emirates joined in a union to establish the UAE as a country.
The area of the United Arab Emirates is 83,600 km² and the population is 9.63 million. The population of the people from the other parts of the world is greater in the UAE than its locals. The United Arab Emirates is home to people from countries like Pakistan, India, Bangladesh, Sri Lanka, the Philippines, etc. The official religion of the UAE is Islam but UAE has proved to be one of the most tolerable countries in terms of accepting other religions. People of religions such as Hinduism, Christianity, Buddhism, etc are also living peacefully in the UAE.
Before the union of these seven emirates, the ways of making a living were highly reliant on fishing, pearl diving, and seafaring. These ways were the main source of generating revenue for the economy until the oil was discovered.
The United Arab Emirates was an extremely underdeveloped country in the 1960s and it transformed in the past five decades. Oil was discovered in the UAE in 1958 after which the transformation began. Oil was traded and it became the primary revenue generator. The revenue generated by the oil trading was then used in the construction and soon began the development stage. Today, the UAE holds up to 5.6% of the total oil production in the world.
With the information gathered by Assignment Writing Help, it is evident that the oil and natural gas industry holds 17% of the GDP revenue for the economy in recent times. The oil and gas industry made the UAE one of the strongest economies in the world but now the UAE is not completely reliant on oil and gas revenues and the services sector (real estate, tourism, finance, IT, etc) generates the highest revenue and holds up to 65% of the total GDP. Agriculture is also vital for the economy of the UAE.
The UAE has an open economy and flexible tax laws which allows businesses and investors to invest in the UAE. The United Arab Emirates has emerged to be a vital trade hub between East and West. The UAE exports all over the world but Japan, Iran, India, South Korea, and Thailand are the main importers. The UAE exports crude oil, aluminum, pearls, petroleum products, chemicals, etc.
The regions of the United Arab Emirates mainly consist of desert plains, a few mountain ranges in the east, coasts, a number of oases throughout the country, and terrains.
The UAE was not always developed but with conviction and hard work it has come a long way. The UAE is now the second-largest economy in the Middle East, it is home to one of the tallest buildings, a number of luxurious hotels, and is considered a business hub. Though UAE is not completely reliant on oil and natural reserves now but the development was made possible through it.