The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials.
The Emirate of Sharjah is one of the emirates of the United Arab Emirates, which covers 2,590 square kilometres (1,000 sq mi) and has a population of over 1,400,000 (2015). It comprises the capital city of Sharjah, after which it is named, and other minor towns and exclaves such as Kalba', Al Dhaid, Dibba Al-Hisn and Khor Fakkan.
Emirates Telecommunication Group Company PJSC, branded trade name Etisalat, is a multinational Emirati based telecommunications services provider, currently operating in 16 countries across Asia, the Middle East and Africa. It is the 18th largest mobile network operator in the world by number of subscribers. It is the only net provider in UAE. Etisalat was named the most powerful company in the United Arab Emirates by Forbes Middle East in 2012. In December 2020, Etisalat claimed the world’s fastest 5G download speed at 9.1 Gigabits per second, a network which it has started rolling out in Dubai since 2017.
United Arab Emirates University is a public research university located in Al Ain, United Arab Emirates. It is the oldest university in the United Arab Emirates. It was established in 1976 after independence from Britain by the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan.
MENA is an English-language acronym referring to the Middle East and North Africa. It is alternatively called the WANA. The MENA acronym is often used in academia, military planning, disaster relief, media planning as a broadcast region, and business writing. Moreover, the region shares a number of cultural, economic and environmental similarities across the countries; for example, some of the most extreme impacts of climate change will be felt in the region.
The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering 110 ha, established in 2004 and a financial hub for the Middle East, Africa and South Asia (MEASA) markets. DIFC has its own independent, internationally regulated regulator and judicial system, common law framework, global financial exchange, tax-friendly regime, and a large business community. The district houses hundreds of financial institutions, including wealth funds and private investors, but it also hosts multinationals, retail outlets, cafés, restaurants, residential space, public green spaces, hotels and art galleries.
Sheikh Nahyan bin Mubarak Al Nahyan heads the United Arab Emirates Ministry of Culture, Youth, and Social Development.
Al Ghurair Group is a Dubai, United Arab Emirates-based business group founded by the Al Ghurair family. A diverse conglomerate, it has operations in the Middle East, North Africa, Europe and North America. The grandsons of Al Ghurair Group founder Ahmad Al Ghurair run the group. Abdul Rahman Saif Al Ghurair serves as group chairman and Majid Saif Al Ghurair is the group's chief executive officer.
The Emirate of Abu Dhabi is one of seven emirates that constitute the United Arab Emirates (UAE). It is by far the largest emirate by area, accounting for approximately 87 percent of the total land area of the federation. Abu Dhabi also has the second-largest population of the seven emirates. In June 2011 this was estimated to be 2,120,700 people, of which 439,100 people were Emirati citizens. The city of Abu Dhabi, after which the emirate is named, is both the capital of the emirate and federation.
EFG Hermes Holding S.A.E. is an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions and specializes in securities brokerage, asset management, investment banking, private equity and research in addition to finance lease, factoring, microfinance, Financial technology, mortgage, and insurance. EFG Hermes serves a range of clients including sovereign wealth funds, endowments, corporations, financial institutions, high-net-worth clients and individual customers. EFG Hermes is listed on the Egyptian Exchange (EGX) and London (LSE) stock exchanges. EFG Hermes has offices in Egypt, the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Pakistan, Oman, Kuwait, Jordan, Kenya, Nigeria, UK, United States and Bangladesh with over 4500 people from 25 nationalities. They serve clients from the Middle East, North Africa, Europe and the United States.
The Dubai government's decision to diversify from a trade-based but oil-reliant economy to one that is service- and tourism-oriented has made real estate and other developments more valuable, resulting in the property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or will be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are operating in Dubai. Due to the burst of construction, Dubai has acquired various building-related records, which include: the world's tallest tower, the world's largest shopping mall, the world's largest fountain and the world's tallest hotel. Also under construction is Dubailand, which will be almost twice the size of the Walt Disney World Resort.
Provision of education in the UAE began shortly after the establishment of the federation with the inception of the first university in Al Ain, Abu Dhabi, the United Arab Emirates University. Since then, the country has progressed with efforts of ensuring high literacy rates, modern programs and women's share in education. It works on improving its youths education which is why the agenda 2021 has been set. The UAE currently devotes approximately 25 percent of total federal government spending to education. The overall literacy rate is 90%.
Shaheen is a supercomputer owned and operated by King Abdullah University of Science and Technology, Thuwal, Saudi Arabia. It consists primarily of a 36-cabinet Cray XC40 supercomputer. Built in partnership with Cray, Shaheen is intended to enable KAUST Faculty and Partners to research both large and small-scale projects, from inception to realization. Shaheen's creator is Majid Alghaslan, who was then KAUST's interim chief information officer. Alghaslan also named the machine.
The Higher Colleges of Technology was established in 1988 and is the largest applied, higher education institution in the United Arab Emirates (UAE). During the 2019–2020 academic year, there were 14,246 female and 6,744 male students enrolled at 16 campuses and six academic divisions throughout the country. More than 67,000 UAE nationals are graduates of the institution.
Indonesia and the United Arab Emirates (UAE) established diplomatic relations in 1976. The diplomatic relations are important because both share the solidarity as Muslim majority countries. Indonesia has an embassy in Abu Dhabi, while the United Arab Emirates has an embassy in Jakarta. Both countries are members of the World Trade Organization (WTO), The Non-Aligned Movement and Organisation of Islamic Cooperation (OIC).
The Embassy of Canada to the United Arab Emirates is Canada's diplomatic mission to the United Arab Emirates. The embassy is located on the 9th and 10th floors of the West Tower of the Abu Dhabi Trade Center, next to Abu Dhabi Mall.
Mohammad Omran Al Shamsi is a businessperson and pioneering figure in the development of telecommunications in the United Arab Emirates (UAE). He is also a prominent figure in the country's academic, real estate and financial sectors. Formerly the CEO and chairman of national telco Etisalat, he also served as chairman of the UAE's satellite telephony provider, Thuraya. He went on to serve as chairman and chancellor of the UAE's Higher Colleges of Technology.
The United Arab Emirates Space Agency (UAESA) is the space agency of the United Arab Emirates government responsible for the development of the country's space industry. It was created in 2014 and is responsible for developing, fostering and regulating a sustainable and world-class space sector in the UAE.
Souq.com is an English-Arabic language e-commerce platform, owned by Amazon, Inc. It is the largest e-commerce platform in the Arab world. On March 28, 2017, Amazon.com Inc. confirmed it would be acquiring Souq.com for $580 million. On May 1, 2019, Souq.com UAE became known as Amazon.ae, also on June 17, 2020, Souq.com KSA became known as Amazon.sa,. The Egyptian site as well turned into Amazon.eg on September 1, 2021.
Fujairah City is the capital of the emirate of Fujairah in the United Arab Emirates. It is the seventh-largest city in UAE, located on the Gulf of Oman. It is the only Emirati capital city on the UAE's east coast. Fujairah owns Dibba and Masafi. The city of Fujairah is an industrial and commercial hub located on the east coast of the Indian ocean that sits at the foothills of the Hajar Mountains.
