History of the United Arab Emirates History of the United Arab Emirates The United Arab Emirates (UAE) is a country on the Arabian Peninsula located on the southeastern coast of the Persian Gulf and the northwestern coast of the Gulf of Oman. The UAE consists of seven emirates and was founded on 2 December 1971 as a federation. Six of the seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain and Fujairah) combined on that date. The seventh, Ras al Khaimah, joined the federation on 10 February 1972. The seven sheikdoms were formerly known as the Trucial States, in reference to the treaty relations established
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