Overview of the United Arab Emirates (UAE)
In the early 20th century, the main source of economic activity was the trade in pearls. But, World War I, the Great Depression, and the Japanese introduction of cultured pearls led to an important decline in the industry of pearls. The high tax on pearls from the Gulf after World War II by India led to its decline irreparably. In the aftermath, many were forced to use accounting services in abudubai. However, with a lack of education , and no roads or hospitals, the prospects for the future appeared grim. In the 1930s the first oil company arrived in the region and began conducting research around Abu Dhabi. The year 1962 saw Abu Dhabi exported its first crude oil cargo which would play a crucial part in the development of the UAE.
In the early 1820s, the English continued to have a presence in the region. The year 1853 was the first time Britain was the first to intervene in this region due to threats from pirates and negotiated a financial services in the abudubai permanent truce, to ensure protection and oversight of the foreign policy. It was clear that Britain did not intend to colonize the region. The agreement was signed by a group referred to as the Trucial States that were sheikdoms that were scattered across the Persian Gulf. The Trucial States are often referred to as the Trucial Colony comprised of the present-day Bahrain, Qatar, UAE and Oman. After an era of Arab nationalists and anti-British activities that began in the 1940s and 1950s The British ended up resigning their authority over the region in 1971.
On the 2nd of December, 1971 the UAE was established by combining seven of the Trucial States under a single constitution: Abu Dhabi, Dubai, Sharjah, Ajman, Umm al Qaiwain, Ras al-Khaimah and Fujairah. Abu Dhabi is the largest of the former territories and serves as the capital of the federal government. Dubai is the second-largest of the emirates, and it is the principal commercial and port center, as well as the airport's hub. Five other Emirates are small regions that reap economic and political benefits from alliances with their larger neighbours, Abu Dhabi and Dubai. The seven states are all ruled by Sunnis.
The UAE is thought by many to be an autocracy. This is a type of government where one person has the power of an unlimited number of people. There is more political reforms in this country than in the other Gulf States, even Saudi Arabia. International non-governmental organisations (NGOs) have classified that the UAE as having one of the most stifling political systems around the globe. Particularly, these studies have revealed the existence of the "sheikh's dilemma" in the UAE where the pursuit of political reform, but not economic, is pursued. To ensure peace, a 'ruling deal is followed in which the UAE government shares oil wealth in a fair manner, while making sure to make the most of a variety of cultural, religious, as well as cultural assets. Some simply say that the UAE has a monarchical president that is governed by ruling families along Neo-patrimonial lines.
After the British withdrawal Following the British withdrawal, sheikh Zayed bin Sultan Al Nahyan was elected President for the very first time. Sheikh Zayed was once the an Emir (or the ruler) in Abu Dhabi, ruled as the UAE's president for more than thirty years, until his death on November 2nd, 2004. Because of the oil industry Sheikh Zayed was one of the wealthiest individuals around the globe, with an estimated wealth of over $ 24 billion (USD). After his death, the child of Sheikh Zayed, sheikh Khalifa Bin Zayed Al Nahyan became President of the UAE. Heikh Khalifa is the world's third-richest member of a royal family, having an estimated wealth of $19 billion (USD). The UAE's presidency UAE is determined by an election by the Federal Supreme Court (FSC) which is a government entity within the UAE instead of an election or popular vote. Political parties are prohibited.
The UAE's supreme power is that of The Supreme Council of Rulers (SCR). The SCR has the power to make policy decisions and also decide to revoke laws that have than once been passed. Seven hereditary rulers, and occasionally their crown princes and close advisers are the ones who control the decision-making body. Subordinate to the SCR is the Federal Council of Ministers (COM). The majority of UAE's policies and everyday affairs are developed by the COM which is more often and informally as opposed to the SCR. The judicial branch of the government is managed through the Union Supreme Court. Judges are appointed directly by the UAE president.
The FSC is the most powerful legal authorities in the UAE and is a governmental entity with executive and legislative powers. The people who oversee this FSC is the current rulers of every one of seven Emirates. Alongside the FSC there are the secular as well as Islam courts across the seven emirates. The secular courts of the UAE are responsible for more civil, criminal, and commercial issues. Religious and family dispute are handled by the Islamic courts. Every emirate has its own government, with departments and municipalities.
