United Arab Emirates
The United Arab Emirates (UAE; Arabic: الإمارات العربية المتحدة al-ʾImārāt al-ʿArabīyyah al-Muttaḥidah), sometimes simply called the Emirates (Arabic: الإمارات al-ʾImārāt), is a country in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east
Oil reserves in the United Arab Emirates, according to its government, are about 98.63 billion barrels (15.681 × 10 ^ 9 m 3), almost as big as Kuwait's claimed reserves.Of the emirates, Abu Dhabi has most of the oil with 92 billion barrels (14.6 × 10 ^ 9 m 3) while Dubai has 4 billion barrels (640 × 10 ^ 6 m 3) and Sharjah has 1.5 billion barrels (240 × 10 ^ 6 m 3).
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Economy of the United Arab Emirates
The economy of the United Arab Emirates (or UAE) is the second largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of USD 414 billion (AED 1.52 trillion) in 2024.. The UAE has been successfully diversifying its economy, particularly in Dubai, but still remains heavily reliant on revenues from petroleum and natural gas, which continue to play a central role in
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Our History - Abu Dhabi National Oil Company
Oil was first discovered in the United Arab Emirates in 1958, at the Murban Bab Oil Field, following an extensive 30-year search. The well, known as Murban-3, was completed in May 1960, and began producing crude oil at a rate of 3,674 barrels per day.
Approximately 3,100 Koreans live in the United Arab Emirates. The United Arab Emirates received a small contingent of Korean migrant workers in the late 1970s and early 1980s, but it was never a major destination. However, due to rapid growth since 2005, the country has come to have the Arab world's largest Korean population.
History of the United Arab Emirates
The United Arab Emirates (UAE) is a country in the eastern part of the Arabian Peninsula located on the southeastern coast of the Persian Gulf and the northwestern coast of the Gulf of Oman.The UAE consists of seven emirates and was founded on 2 December 1971 as a federation. Six of the seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain and Fujairah) combined on that date.
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5 Oil production began in Abu Dhabi in 1962, in Dubay in 1969, and in Sharjah in 1974. A brief but incisive account of the impact of petroleum on the people of the general area is given by Rageai El Mallakh in "Abu Dhabi: The Challenge of Affluence," Middle East
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