NORTHERN EMIRATES & DUBAI
Dubai is a city rich with opportunities.
This dynamic cosmopolitan city, served by over 240 shipping lines and over 100 airlines, boasts a state-of-the-art infrastructure and a flourishing international business community. Located at the meeting point of three continents, Dubai-based ventures have strategic access to a population of over 1.8 billion covering the Middle East, Africa, and the Indian subcontinent. In addition, the UAE has experienced a phenomenal real GDP growth rate of 4.2% from 1990-2002, compared to the world growth rate of 2.7% in the same time period. To fast-track its 2010 vision of becoming an oil-independent knowledge economy, Dubai has set up a series of special economic zones known as ‘Free Zones’ in Dubai & in the rest of the United Arab Emirates.
UAE economy was traditionally dominated by pearl production, fishing, agriculture, and herding. Oil export begun in 1962. The UAE has huge proven oil reserves, estimated at 98.8 billion barrels in 2003, with gas reserves estimated at (212 trillion cubic feet); at present production rates, these supplies are estimated would last well over 150 years. In 2003, the UAE produced about 2.23 million barrels of oil per day–of which Abu Dhabi produced approximately 94%.
Major increases in imports occurred in manufactured goods, machinery, and transportation equipment, which together accounted for 70% of total imports.
Many free zones complex are well established in the UAE. The Free Zone grant 100% foreign ownership; 100% repatriation of capital and profits; No currency restrictions; No corporate taxes for minimum15 years, renewable for an additional 15 years ;No personal income- taxes.
More than 4000 companies operate at the Jebel Ali complex in Dubai, which includes a deep-water port and a free trade zone for manufacturing and distribution in which all goods for re-export or transhipment enjoy a 100% duty exemption.
Except in the free trade zone, the UAE commercial companies’ law requires at least 51% local citizen ownership in all commercial businesses operating in the country.
As a member of the Gulf Cooperation Council (GCC), the UAE participates in the wide range of GCC activities that focus on economic issues. These include regular consultations and development of common policies covering trade, investment, banking and finance, transportation, telecommunications, and other technical areas, including protection of intellectual property rights.
The United Arab Emirates is a constitutional federation of seven emirates:
1. Abu Dhabi,
5. Umm al-Qaiwain,
6. Ras al-Khaimah,
The federation was formally established on 2 December 1971.
Sheikh Khalifa bin Zayed Al Nahyan was elected as President on 3 November 2004.
SUPREME COUNCIL MEMBERS
HH President Sheikh Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi
HH Vice-President Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister and Ruler of Dubai
HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Ruler of Sharjah
HH Sheikh Humaid bin Rashid Al-Nuaimi, Ruler of Ajman
HH Sheikh Saud bin Rashid Al Mualla, Ruler of Umm al Qaiwain
HH Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras al Khaimah
HH Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah
GOVERNMENT FEDERAL MINISTRIES
Please note: telephone and fax numbers have been given on the basis of dialling from inside the UAE. If you are dialling internationally then you should insert the access code +971 and delete the first zero. eg: dialling Ministry of Economy from Italy, you would dial 0097126265000.
Ministry of Defence
The Minister: HH Sheikh Mohammed bin Rashid Al Maktoum (also Prime Minister)
Abu Dhabi POB: 46616; Tel: 02 4461300; Fax: 02 4463286
Dubai POB: 2838; Tel: 04 3532330; Fax: 04 3531974
Ministry of Interior
The Minister: Lt General Sheikh Saif bin Zayed Al Nahyan (also Deputy Prime Minister)
Abu Dhabi POB: 398; Tel: 02 4414666; Fax: 02 4414938
Dubai POB: 4333; Tel: 04 3980000; Fax: 04 3981119
Ministry of Presidential Affairs
The Minister: Sheikh Mansour bin Zayed Al Nahyan (also Deputy Prime Minister)
Abu Dhabi, POB:280; Tel: 02 6222221; Fax: 02 6222228
Ministry of Education
The Minister: Humaid Mohammed Obeid al Qattami
Undersecretary: Dr Jamal Al Mehairi
Abu Dhabi POB: 295; Tel: 02 62138000; Fax: 02 6313778
Dubai POB: 3962; Tel: 04 2994100; Fax: 04 2994535
Website: : http://www.moe.gov.ae/
Ministry for Foreign Affairs
Foreign Minister: Sheikh Abdullah bin Zayed Al Nahyan
The Minister of State: Dr Mohammed Anwar Gargash (also Minister of State for Federal National Council Affairs)
Abu Dhabi, POB: 1; Tel: 02 4444488; Fax: 02 4447766
Dubai, POB: 3785; Tel: 04 2221144; Fax: 04 2280979
Ministry of Public Works
The Minister: Sheikh Hamdan bin Mubarak Al Nahyan
Abu Dhabi POB: 878; Tel: 02 6651778; Fax: 02 6665598
Dubai POB: 1828; Tel: 04 2693900; Fax: 04 2692931
Ministry of Foreign Trade
The Minister: Sheikha Lubna Al Qasimi
Ministry of Justice
The Minister: Dr Hadef bin Jua’an Al Dhaheri
Abu Dhabi POB: 260; Tel: 02 6814000; Fax: 02 6810680
Dubai POB: 1682; Tel: 04 2825999; Fax: 04 2825121
Ministry of Labour
The Minister: Saqr Ghobash Saeed Ghobash
Abu Dhabi POB: 809; Tel: 02 6671700; Fax: 02 6665889
Dubai POB: 4409; Tel: 04 2691666; Fax: 04 2668967