Monday, March 21, 2005

GDP

The emirate of Dubai posted a nearly 17 percent growth in gross domestic product, registering the highest economic growth in the world, in the year 2004. The growth was attributed to the government's support for the private sector, increase in local spending, constant growth of non-oil sectors and sustained high oil prices.Mohammad Ali Al Abbar, director-general of the Dubai Department of Economic Development, announced that Dubai's GDP rose 16.7 percent to almost 100 billion dirhams in 2004 and said that the strong growth would continue through 2005, with GDP expected to rise 10 percent to 110 billion dirhams.Describing 2004 as "a golden year" for Dubai, Alabbar said that Dubai's GDP recorded a phenomenal increase to 98.1 billion dirhams at current prices, in 2004, up from 84.1 billion dirhams in 2003.
"When compared with 62.3 billion dirhams in 2000 and 41.2 billion dirhams for 1995, the accumulated annual growth of Dubai's economy in the last decade at 10 percent, the highest growth rate in the world," he said.He ascribed the phenomenal growth in 2004 to several factors, including the initiatives launched by Crown Prince of Dubai and UAE Defense Minister General Sheikh Mohammed ibn Rashid Al-Maktoum, "The government's unlimited support for the private sector coupled with a dramatic increase in local spending, the constant growth of non-oil sectors and the sustained high oil prices have all been contributory factors," said Alabbar.

Currency

Currency
The local currency is the "dirham" which is divided into 100 "fils".
Notes come in denominations of Dhs 5, Dhs 10, Dhs 20, Dhs 50, Dhs 100, Dhs 200, Dhs 500 and Dhs 1000. Coin denominations are 5, 10, 25 and 50 fils, and Dhs 1.

Languages

Languages
The official language is Arabic, but both Arabic and English are the most commonly spoken in business and commerce.
English, Urdu, Hindi and Farsi are widely spoken and other western European and Asian languages are also spoken amongst expatriates.

Population

Population
The population of the UAE is 2.5 million, of which 1 million live in Dubai. 80% of the total population is made up of expatriates coming from the rest of the Arab World, India and the sub-continent, Far East, Europe, North America and South Africa.

Climate

The United Arab Emirates has a subtropical dry climate with high temperatures and clear skies throughout most of the year, but excessive heat coupled with humidity in summer.
The summer months (May to October) see temperatures rising to 49C with 100% relative humidity. The winter months (November to March) are mild with the average temperature being 25C. There is no humidity in winter.
Rainfall is very low, rarely exceeding 10 – 20cm a year, and falls mainly in winter.

Geographical location

Geographical Location
The UAE occupies 83,600 square kilometres in the east of the Arabian Peninsula, and shares borders with the Sultanate of Oman to the east and north, and the Kingdom of Saudi Arabia to the south and west.
It has a coastline on both the Gulf of Oman and the Arabian Gulf and is south of the strategically important Strait of Hormuz,The Land is mainly sand dunes and salt flats interspersed with an occasional traditional desert oasis in the south and west of the country.
The east and extreme northern coastal areas are primarily a fertile plain where the more plentiful rainfall and supplies of subterranean water have allowed agriculture to be practiced for thousands of years.

History of UAE

History
The Emirates of Dubai and Abu Dhabi originally formed part of the Trucial States, which fell under British Protection from 1892 until 1968, when Britain announced its withdrawal from the region. Up until this time, these regions were reliant on their fishing, pearl diving and trading activities for survival.
However, huge oil reserves had already been found in Abu Dhabi in 1958 and in Dubai in 1966, and the Trucial States were committed to forming an alliance to protect their interests after the withdrawal of Britain. In 1971 the federation of the United Arab Emirates (UAE) was created.
This new state was composed of the Emirates of Dubai, Abu Dhabi (the capital), Ajman, Fujairah, Sharjah, Umm Al Quwain and, in 1972, Ras Al Khaimah. Each Emirate has their own ruler and a certain amount of autonomy.
The rulers of the Emirates form a Supreme Council, and elect a President and Vice President who in turn appoint a Council of Ministers. HH Sheikh Zayed bin Sultan Al Nahyan is the President of the United Arab Emirates and the Ruler of Abu Dhabi, which is the largest of the seven emirates and also the largest producer of oil in the UAE. HH Sheikh Maktoum bin Rashid Al Maktoum is the Vice President, and Ruler of Dubai.
Dubai is the second largest emirate, and the country’s leading commercial and financial centre. The financial resources available from the discovery of oil, combined with the vision and dedication of the late Ruler, HH Sheikh Rashid bin Saeed Al Maktoum, has resulted in a city that has enjoyed phenomenal growth in just 30 years, and is continuing to expand

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Tuesday, February 08, 2005

Welcome to my website

I will be discussing some international employment opportunities.

Here is the first country i will present. United Arab Emmirets.