Sharing land borders with Saudi Arabia and Oman and sea borders with Pakistan, Iran and Qatar, the United Arab Emirates (UAE) is a fairly new country (est. 1971) comprised of seven emirates (principalities) each governed by an emir who, as a group, comprise the UAE's Federal Supreme Council. Abu Dhabi is the capital of the UAE, Arabic is its official language and Islam is the official religion.
Due to its massive oil and gas reserves, the UAE enjoys a high income economy and substantial trade surplus. Dubai is the UAE's most populous city and is also considered the business gateway to Africa and West Asia, fueling an economy only second to Saudi Arabia, with a GDP of over $370 billion annually. In addition, the UAW has been ranked in the top 20 best nations to do business with, based on its regulatory environment and growing economy.