Cruising to the United Arab Emirates
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.
Location: Middle East, bordering the Gulf of Oman and the Persian
Gulf, between Oman and Saudi Arabia
Territorial sea: 12 nm
Desert; cooler in eastern mountains
Flat, barren coastal plain merging into rolling sand dunes of vast desert wasteland; mountains in east
Lowest point: Persian Gulf 0 m
The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Its wealth is based on oil and gas output (about 30% of GDP), and the fortunes of the economy fluctuate with the prices of those commodities. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. At present levels of production, oil and gas reserves should last for more than 100 years.
The government has increased spending on job creation and infrastructure expansion and is opening up its utilities to greater private sector involvement. Higher oil revenue, strong liquidity, and cheap credit in 2005 led to a surge in asset prices (shares and real estate) and consumer inflation.
Any sharp correction to the UAE's equity markets could damage investor and consumer sentiment and affect bank asset quality. In April 2004, the UAE signed a Trade and Investment Framework Agreement (TIFA) with Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement (FTA) with the US.
Airports: 35 (2005)
Total: 56 ships (1000 GRT or over) 621,292 GRT/833,840 DWT
Sailing Specifics: Ports and terminals
Al Fujayrah, Khawr Fakkan, Mina' Jabal 'Ali, Mina' Rashid, Mina' Saqr, Mina' Zayid, Sharjan
Other Sailing Destinations in the Region
Bahrain - Christmas Islands - Cocos Keeling - Comoros - Djibouti - Eritrea - India - Jordan - Kenya - Kuwait - Madagascar - Maldives - Mauritius - Mayotte - Mozambique - Oman - Pakistan - Qatar - Reunion Island - Saudi Arabia - Seychelles - Somalia - Sri Lanka - Sudan - Tanzania - United Arab Emirates - Yemen