The United Arab Emirates is an Arab country in the southeast of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran.
The UAE is a federation of seven emirates (principalities), each governed by a hereditary emir, who choose one of their members to be the president of the federation. The constituent emirates are Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. The capital is Abu Dhabi, which is also the state's commercial and cultural center.
Since 1962, when Abu Dhabi became the first of the emirates to begin exporting oil, the country's society and economy have been transformed. The late Sheikh Zayed, ruler of Abu Dhabi and president of the UAE at its inception, oversaw the development of the Emirates and steered oil revenues into healthcare, education and national infrastructure. UAE has the world's seventh-largest oil reserves and seventeenth largest natural gas reserves.
The UAE has one of the most developed economies in Western Asia. Per capita income is the world's seventh highest.