The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states - Abu Zaby, 'Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al Qaywayn - merged to form the United Arab Emirates (UAE). They were joined in 1972 by Ra's al Khaymah. The UAE's per capita GDP is on par with those of leading West European nations. Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs of the region. For more than three decades, oil and global finance drove the UAE's economy, however, in 2008-09, the confluence of falling oil prices, collapsing real estate prices, and the international banking crisis hit the UAE especially hard.
From the CIA World Fact Book.
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Also: 12 jurors now seated in Trump's NY criminal trial NV Supreme Court approves ballot measure to protect 'reproductive freedoms' OH Republicans still refusing to put Biden on the 2024 ballot... You may be happy to know we don't begin today's...
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on Thu Apr 18, 2024 at 07:10 PM PDT
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25 comments
on Wed Apr 03, 2024 at 03:30 AM PDT
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SEE UPDATES AT FOOT OF DIARY _______________________________________________ CNN 3 days ago World Central Kitchen & Open Arms ship carrying aid to Gaza depart from Cyprus Summarizing this and later articles, a former...
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14 comments
on Sun Mar 17, 2024 at 11:17 AM PDT
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Jack Khoury at Ha’aretz today reported on progress following last week’s interview with senior Hamas official Moussa Abu Marzouk over Egypt’s ArRad TV, owned by former Fatah official Mohammed Dahlan. who has become an influential figure in Gaza...
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25 comments
on Sun Feb 25, 2024 at 07:14 AM PST
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on Tue Dec 12, 2023 at 06:49 PM PST
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on Fri Oct 27, 2023 at 06:18 AM PDT
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