The United Arab Emirates is an elective monarchy formed from a federation of seven emirates, consisting of Abu Dhabi (where the federal capital, Abu Dhabi, is located), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Each emirate is governed by a Sheikh and, together, they form the Federal Supreme Council; one of them serves as President of the United Arab Emirates. In 2013, the country had a population of 9.2 million, of which 1.4 million were Emirati citizens and 7.8 million were expatriates. As of 2020, the United Arab Emirates has an estimated population in of roughly 9.9 million.

The United Arab Emirates oil and natural gas reserves are the world's sixth and seventh-largest, respectively. Zayed bin Sultan Al Nahyan, ruler of Abu Dhabi and the country's first president, oversaw the development of the Emirates by investing oil revenues into healthcare, education, and infrastructure. The United Arab Emirates has the most diversified economy among the members of the Gulf Cooperation Council. In the 21st century, the country has become less reliant on oil and gas, and is economically focusing on tourism and business. The government does not levy income tax, although there is a corporate tax in place and a 5% value-added tax was established in 2018.

Economy

The economy of the United Arab Emirates (or UAE) is the 5th largest in the Middle East with a gross domestic product (GDP) of US$421 billion (AED 1.5 trillion) in 2020. The UAE economy is heavily reliant on revenues from petroleum and natural gas, especially in Abu Dhabi. In 2009, more than 85% of the UAE's economy was based on the oil exports. In 2011, oil exports accounted for 77% of the UAE's state budget.  In recent years, there has been some economic diversification, particularly in Dubai. Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification. Dubai has far smaller oil reserves than its counterparts.

About Longdom

Longdom organises leading international conferences and webinars and is instrumental in bringing together experts and beginners for cooperative and effective research-oriented discussions. The goal of Longdom conferences is to bring together scientists at every level from different disciplines to understand and discuss during programmed topic sessions and informal gatherings. Longdom conferences will showcase innovative, cutting-edge research on the fundamental roles in addressing the challenges and translational research from academia to industry. All these opportunities will support professional growth of young scientists that will promote future collaborations and enhance participation and contribution to their exciting research work.