Emirate of Dubai Emirate of Dubai The Emirate of Dubai (; pr. ) is one of the seven emirates of the United Arab Emirates. The capital of the emirate is the eponymous city, Dubai. It is located in the Arabian Desert on the coast of the Persian Gulf. It is bordered to the south by the emirate of Abu Dhabi, to the northeast by the emirate of Sharjah, to the southeast by the country of Oman, to the west by the emirate of Ajman, and to the north by the emirate of Ras Al Khaimah. In December 1971, the emirates united to form
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