United Arab Emirates

United Arab Emirates Part of the Arabian Peninsula, the United Arab Emirates (UAE), is a federation of seven states (known as emirates) formed in 1971 after independence from Britain. Today, the UAE carries the reputation of being one of the wealthiest countries in the world, fuelled by its monopoly on oil exportation. However, it hasn’t always been this way – before oil was discovered in the region in the 1950s, the economic situation was in decline. Oil was to change …

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