Abu Dhabi
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Abu Dhabi
Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. The city of Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. , Abu Dhabi's urban area had an estimated population of 1.5 million, out of 2.9 million in the emirate of Abu Dhabi, as of 2016. The Abu Dhabi Investment Authority is headquartered in the city, and was the world's 5th largest sovereign wealth fund in 2021. Abu Dhabi itself has over a trillion US dollars worth of assets under management in a combination of various sovereign wealth funds headquartered there. Abu Dhabi houses local and federal government offices and is the home of the United Arab Emirates Government and the Supreme Petroleum C ...
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Capital City
A capital city or capital is the municipality holding primary status in a country, state, province, Department (country subdivision), department, or other subnational entity, usually as its seat of the government. A capital is typically a city that physically encompasses the government's offices and meeting places; the status as capital is often designated by its law or constitution. In some jurisdictions, including several countries, different branches of government are in different settlements. In some cases, a distinction is made between the official (constitutional) capital and the seat of government, which is List of countries with multiple capitals, in another place. English language, English-language news media often use the name of the capital city as an alternative name for the government of the country of which it is the capital, as a form of metonymy. For example, "relations between Washington, D.C., Washington and London" refer to "United Kingdom–United States rel ...
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Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ...
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Commerce
Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, national or international economies. More specifically, commerce is not business, but rather the part of business which facilitates the movement and distribution of finished or unfinished but valuable goods and services from the producers to the end consumers on a large scale, as opposed to the sourcing of raw materials and manufacturing of those goods. Commerce is subtly different from trade as well, which is the final transaction, exchange or transfer of finished goods and services between a seller and an end consumer. Commerce not only includes trade as defined above, but also a series of transactions that happen between the producer and the seller with the help of the auxiliary services and means which facilitate such trade. These auxiliary ...
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Culture
Culture () is an umbrella term which encompasses the social behavior, institutions, and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.Tylor, Edward. (1871). Primitive Culture. Vol 1. New York: J.P. Putnam's Son Culture is often originated from or attributed to a specific region or location. Humans acquire culture through the learning processes of enculturation and socialization, which is shown by the diversity of cultures across societies. A cultural norm codifies acceptable conduct in society; it serves as a guideline for behavior, dress, language, and demeanor in a situation, which serves as a template for expectations in a social group. Accepting only a monoculture in a social group can bear risks, just as a single species can wither in the face of environmental change, for lack of functional responses to the change. Thus in military culture, valor is counted a typica ...
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Industrial Sector
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction. This sector generally takes the output of the primary sector (i.e. raw materials) and creates finished goods suitable for sale to domestic businesses or consumers and for export (via distribution through the tertiary sector). Many of these industries consume large quantities of energy, require factories and use machinery; they are often classified as light or heavy based on such quantities. This also produces waste materials and waste heat that may cause environmental problems or pollution (see negative externalities). Examples include textile production, car manufacturing, and handicraft. Manufacturing is an important activity in promoting economic growth and development. Nations that export manufactured products tend to generate h ...
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Politics
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including wa ...
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Urbanization
Urbanization (or urbanisation) refers to the population shift from rural to urban areas, the corresponding decrease in the proportion of people living in rural areas, and the ways in which societies adapt to this change. It is predominantly the process by which towns and cities are formed and become larger as more people begin living and working in central areas. Although the two concepts are sometimes used interchangeably, urbanization should be distinguished from urban growth. Urbanization refers to the ''proportion'' of the total national population living in areas classified as urban, whereas urban growth strictly refers to the ''absolute'' number of people living in those areas. It is predicted that by 2050 about 64% of the developing world and 86% of the developed world will be urbanized. That is equivalent to approximately 3 billion urbanites by 2050, much of which will occur in Africa and Asia. Notably, the United Nations has also recently projected that nearly all gl ...
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Al Nahyan Family
The House of Nahyan ( ar, آل نهيان, Āl Nohayān) are one of the six ruling families of the United Arab Emirates, and are based in the capital Abu Dhabi, United Arab Emirates. Al Nahyan is a branch of the House of Al Falahi (Āl Bū Falāḥ), a branch of the Bani Yas tribe, and are related to the House of Al Falasi from which the ruling family of Dubai, Al Maktoum, descends. The Bani Yas came to Abu Dhabi in the 18th century from Liwa Oasis. They have ruled Abu Dhabi since 1793, and previously ruled Liwa. Five of the rulers were overthrown and eight were killed in coups between 1793 and 1966; many were brothers. The Al Nayhan family control multiple sovereign wealth funds including the Abu Dhabi Investment Authority and Mubadala Investment Company that have an estimated $1 trillion worth of assets under management. Members Notable members of the Al Nahyan family include: Rulers of Abu Dhabi * 1761–1793: Sheikh Dhiyab bin Isa Al Nahyan * 1793–1816: Sheikh Shakh ...
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President Of The United Arab Emirates
The president of the United Arab Emirates, or the Raʾīs ( ar, رَئِيْس), is the head of state of the United Arab Emirates (UAE). The president and vice-president are elected every five years by the Federal Supreme Council. Though the prime minister of the United Arab Emirates is formally appointed by the president, every UAE vice-president simultaneously serves as prime minister. Generally the ruler of the Emirate of Abu Dhabi holds the presidency and the ruler of the Emirate of Dubai holds the vice-presidency and premiership. The president is also the commander-in-chief of the UAE Armed Forces. Sheikh Zayed bin Sultan Al Nahyan was widely credited with unifying the seven emirates into one nation. He was the UAE's first president from the formation of the UAE until his death on 2 November 2004. He was succeeded by his son, Sheikh Khalifa bin Zayed, who died in office on 13 May 2022. Following his brother Khalifa's death, Sheikh Mohamed bin Zayed Al Nahyan was elected ...
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Supreme Petroleum Council
The Supreme Petroleum Council ( ar, المجلس الأعلى للبترول) is the highest governing body of oil, gas and similar industry-related activities in Abu Dhabi. The Council was formed in 1988. The Council is tasked with supervising all oil and gas companies that operate in Abu Dhabi and the United Arab Emirates. The Council also acts as the board of directors for the Abu Dhabi National Oil Company. on 27 December 2020, president Sheikh Khalifa bin Zayed, the ruler of Abu Dhabi, announced the establishment of a new council, Supreme Council for Financial and Economic Affairs that would also oversee matters relating to petroleum and natural resources putting an end to Supreme Petroleum Council. List of member of the defunct council #Mohammed bin Zayed Al Nahyan, Chairman #Vacant, Vice Chairman #Hazza bin Zayed Al Nahyan, member #Mansour bin Zayed Al Nahyan, member #Hamed bin Zayed Al Nahyan, member #Mohammed bin Khalifa bin Zayed Al Nahyan, member #Dhiyab bin Mohamed b ...
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Federal National Council
The Federal National Council (FNC) ( ar, المجلس الوطني الإتحادي, ''al-Majlis al-Watani al-Ittihadi'') of the United Arab Emirates (UAE) is an advisory quasi-parliamentary body in the UAE. The FNC consists of 40 members. Twenty of the members are indirectly elected by the hand-picked 12% of Emirati citizens who have voting rights through an electoral college, while the other twenty are appointed by the rulers of each emirate. According to Reuters, "the process of selecting the people who can either elect or be elected is opaque." The first election for half the members of the FNC took place in 2006. Members of the FNC serve 4-year terms. The last election for the indirectly elected members took place on 5 October 2019, and the next election is to be held in October 2023. The FNC assembly hall is located in Abu Dhabi, the capital of the UAE. The National Election Committee (NEC) was established in February 2011 by the UAE Federal Supreme Council, and is cha ...
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