United Arab Emirates Legal Process United Arab Emirates Legal Process The United Arab Emirates is a middle-eastern country, located at the end of the Arabian Peninsula on the Persian Gulf, consisting of seven emirates known as Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah and Fujairah. Each emirate is governed by an emir who jointly forms the Federal Supreme Council (FSC). The Federal System of government includes the Supreme Council, Cabinet, Council of Ministers, parliamentary body, Federal National Council and independent judiciary. The Federal Supreme Council is the highest constitutional authority that has legislative and executive powers with the ability to ratify federal laws,
Central Bank of the United Arab Emirates the Central Bank; dirham-denominated certificates of deposit; and currency in circulation. The department is organized into four main sections: Capital Markets, Money Markets and Foreign Exchange, Certificates of Deposit, and Back Office Settlements. This department undertakes audit functions across the following areas. Central Bank of the United Arab Emirates The Central Bank of the United Arab Emirates () is the state institution responsible for managing the currency, monetary policy and banking regulation in the United Arab Emirates (UAE). It was established on as the United Arab Emirates Currency Board. This followed the creation of the UAE as an independent state