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In 2017, the total installed capacity of electricity in the UAE reached 30371 megawatts (MW), which utilises natural gas. Sockets suitable for three-pin 13 AMPs plugs of British standard design are the norm. The UAE is ranked as the 6 th largest proved reserves of both oil and natural gas globally.ĭomestic supply is 220 volts. Source: Annual Statistical Report 2018- OAPEC
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The UAE holds 6.7% of the world's proven oil reserves estimated at 97.8 billion barrels and 3.5% of proven gas reserves, equal to 6091 billion cubic metres. In addition, the UAE levies 5 per cent Value Added Tax on the consumption or use of goods and services. However, oil companies and branches of foreign banks are liable to pay taxes. The UAE does not levy income tax on individuals. The UAE's inflation rate was 3.1 per cent in 2018.Īs of November 201 9, the UAE's consumer price index reached 108.48. 31% is allocated to social development, 14% to infrastructure and economic resources, 6.5% to social benefits, and 32.6% to government affairs. The budget is distributed amongst various sectors related to Emirati citizens and their services.
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This is the largest budget allocated since the establishment of the UAE. The UAE Cabinet approved a zero-deficit federal budget of AED 61.354 billion for the year 2020. Source: Federal Competitiveness and Statistics Centre.
#WHAT IS THE ZIP CODE FOR AL AIN UAE FREE#
The non-oil foreign trade (direct trade and free zones) amounted to 1.536 trillion dirhams during 2018. Non-nationals in the UAE as of 2010 (estimate)Īccording to Annual Economic Report 2019 (PDF, 18.5 MB), GDP at constant prices was AED 1,442.5 billion, while GDP at current prices was AED 1,521.1 billion in 2018.
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Indians form the largest foreign community in the UAE, followed by Pakistanis, Bangladeshis, other Asians, Europeans and Africans. The expatriate community outnumbers the population of UAE nationals. There are more than 200 nationalities living and working in the UAE. At that time, a holder of the UAE’s passport could travel to 178 countries 118 destinations offered visa-free travel and 60 offered eVisa or visa on arrival at the airport.Īccording to Federal Competitiveness and Statistics Centre, the UAE's total population (nationals and expatriate residents) was 9,282,410 in 2020, as compared to 9,503,738 in 2019. The demonym is Emirati.Īccording to Arton Capital's Passport Index, the UAE passport held the 1 st position globally since the 1 st of December 2018 until the early 2020 before the spread of COVID-19. Besides mosques, the UAE is also home to several churches and temples where worshipers practise their religions in an atmosphere of safety, security and mutual respect.Īll UAE citizens in the seven emirates carry the unified nationality of the UAE, which is recognised internationally. Islam is the official religion in the UAE practice of other religions is allowed. All road and traffic signs and signs on commercial outlets are in Arabic and English. Positioned as a global commercial hub and top tourist destination, English is widely spoken. The official language of the UAE is Arabic. Read the UAE’s annual foreign aid reports. In 2018, the UAE contributed 0.93 per cent of its GNI. In terms of official development assistance (ODA), since 2012, the UAE has contributed in excess of 0.7 per cent of its Gross National Income, a target set by the United Nations for all countries. In 2018, the assistance reached AED 28.62 billion (USD 7.79 billion). The UAE supports developmental, humanitarian and charitable programmes in a number of developing countries. The UAE is a leading player in the global campaign against human trafficking, terrorism and in maintaining human rights. It adheres to the principle of non-interference in the internal affairs of other countries and the pursuit of dialogue, and whenever possible peaceful resolution of disputes, together with support for international institutions, such as the United Nations. The UAE follows a moderate foreign policy that reinforces balanced relationships with the international community.