History Of United Arab Emirates
The UAE or the United Arab Emirates is a federation of states that includes Dubai, Abu Dhabi and Ras al Khaymah among others.
The total number of states in this federation is seven. The UAE is ruled by a sheikh who presides over a central government. Each of the emirates is governed by a governor, who has control over the emirate that falls under his jurisdiction, and hence he is responsible for the province.In the earlier days, the UAE was relatively unknown except as a Bedouin land that bordered the Gulf States. The region has been conquered by the Portuguese, the Ottoman Empire and the British. In 1892, the kingdoms forming present-day UAE signed a treaty with the British that they would not collaborate with foreign governments and would not give away any part of the Trucial States, a name coined by the British, without first getting permission from the UK.
With the discovery of oil, the fortunes of the UAE changed dramatically. The oil revenues for the UAE run into the billions of dollars and possibly the hundreds of billions as well. The UAE also emerged as a favorite shopping destination for the western and Asian shoppers who find the Dubai shopping festival a high point in their annual destinations list.
The UAE has shot into prominence in recent times (some would say infamy) because of the fact that the 9/11 attackers were supposed to have been funded from here. The most famous of the emirates are Dubai and Abu Dhabi. These two emirates contribute much of the revenues for the UAE. Recently, there have been questions about the financial viability of the emirate of Dubai arising out of the global economic slowdown that touched the aspects of financing the huge debt of the emirate. A bailout is being arranged for the emirate of Dubai by its neighboring emirates of Abu Dhabi which is an oil rich province.
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