ABSTRACT
The United Arab Emirates (UAE) was established in 1971 under a written constitution as an Islamic federation of the seven emirates of Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Shaijah, and Umm Al Quwain. The UAE is a small country in size and number of people—it has a population of approximately 1.1 million. The international significance of the UAE is based on the discovery in the 1960s in Abu Dhabi and Dubai of major quantities of crude oil, which has led to its generation of substantial wealth, especially following the oil price increases in 1973. It is likely that United States (US) business still retains its leadership position in the oil sector of the UAE economy, taking all factors into account but local Arab, Japanese, French, and British interests are not far behind. From the point of view of the Gulf Arab community, the US is a desirable place to make investments and educate one's children.
