Judicial branch:
Union Supreme Court (judges are appointed by the president)
Political parties and leaders:
none
Political pressure groups and leaders:
NA
International organization participation:
ABEDA, AFESD, AMF, FAO, G-77, GCC, IAEA, IBRD, ICAO, ICC, ICCt
(signatory), ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO,
Interpol, IOC, IPU, ISO, ITU, LAS, MIGA, NAM, OAPEC, OIC, OPCW,
OPEC, UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Saqr Ghobash Said GHOBASH
chancery: 3522 International Court NW, Suite 400, Washington, DC
20008
telephone: [1] (202) 243-2400
FAX: [1] (202) 243-2432
consulate(s): New York, Houston
Diplomatic representation from the US:
chief of mission: Ambassador Michele J. SISON
embassy: Embassies District, Plot 38 Sector W59-02, Street No. 4,
Abu Dhabi
mailing address: P. O. Box 4009, Abu Dhabi
telephone: [971] (2) 414-2200
FAX: [971] (2) 414-2603
consulate(s) general: Dubai
Flag description:
three equal horizontal bands of green (top), white, and black with
a wider vertical red band on the hoist side
Economy United Arab Emirates
Economy - overview:
The UAE has an open economy with a high per capita income and a
sizable annual trade surplus. Its wealth is based on oil and gas
output (about 30% of GDP), and the fortunes of the economy fluctuate
with the prices of those commodities. Since the discovery of oil in
the UAE more than 30 years ago, the UAE has undergone a profound
transformation from an impoverished region of small desert
principalities to a modern state with a high standard of living. At
present levels of production, oil and gas reserves should last for
more than 100 years. The government has increased spending on job
creation and infrastructure expansion and is opening up its
utilities to greater private sector involvement. Higher oil revenue,
strong liquidity, and cheap credit in 2005 led to a surge in asset
prices (shares and real estate) and consumer inflation. Any sharp
correction to the UAE's equity markets could damage investor and
consumer sentiment and affect bank asset quality. In April 2004, the
UAE signed a Trade and Investment Framework Agreement (TIFA) with
Washington and in November 2004 agreed to undertake negotiations
toward a Free Trade Agreement (FTA) with the US.
GDP (purchasing power parity):
$115.8 billion (2005 est.)