Abu Dhabi capital city of the United Arab Emirates

 



Abu Dhabi, also known as Ababy in Arabic, is the national capital of the United Arab Emirates (formerly known as the Trucial States or the Trucial Oman) and the city and capital of the Abu Dhabi emirate. A small triangular island with the same name off the Persian Gulf coast that is mostly occupied by the city and only partially connected to the mainland by a short bridge. With the help of the emirate's oil riches, Abu Dhabi transformed from an underdeveloped village of only local significance to a contemporary metropolis with a fully constructed infrastructure.

Before the tribesmen of the l B Falh clan of the Ban Ys confederation, who are still the rulers of Abu Dhabi today, moved there in 1761, Abu Dhabi town was uninhabited. Their headquarters were relocated to this Before the tribesmen of the l B Falh clan of the Ban Ys confederation, who are still the rulers of Abu Dhabi today, moved there in 1761, Abu Dhabi town was uninhabited. In 1795, they relocated their administrative center from the interior Lw (Al-Jiw) oasis to this coastal islet. Although it was the capital of one of the most important sheikhdoms on the Trucial Coast, Dubai and Sharjah, which were the capitals of nearby Trucial sheikhdoms, took center stage in commerce and economic prominence for the majority of the 19th and early 20th century. The population of Abu Dhabi Town was believed to be 6,000 at the beginning of the 20th century, with pearl diving from wealthy offshore banks and some local trade (mostly in the hands of Iranians and Indians) kept the economy going. As the Japanese cultured pearl industry grew and the global economic slump that started in 1929 spread, pearling decreased.


Abu Dhabi

national capital, United Arab Emirates

The rich oil reserves of Abu Dhabi emirate were discovered in 1958, and commercial production of those fields began in that emirate in 1962. In order to free the sheikhdom from its reliance on the political agent in Dubai, Great Britain, the defending power of the then-trucial states, established an independent political agency at Abu Dhabi in 1961. Abu Dhabi Town had a lot of money available for urban development because it is the capital of the state that produces the most oil in the area. But because of Sheikh Shakhbout ibn Sultan Al Nahyan's (reigned 1928–66) exceedingly traditional views, the town only gradually modernized. He was overthrown in 1966 in favor of his younger brother Zayed ibn Sultan, a previous administrator of the Al-Buraimi oasis under Abu Dhabi's administration. Sheikh Zayed started. 

building a seawall along the northern end of the island holding the settlement and creating a road network emanating from Abu Dhabi. The town underwent a full modernization as part of a large-scale, five-year development plan that was launched in 1968. Modern administrative structures, hotels, housing developments, and a new port expansion were constructed, along with the installation of electricity, running water, and a centralized sewage system. On nearby Umm al-Nr Island, an oil refinery started operating in 1976. At the southern tip of the island sits Abu Dhabi's international airport. Nearby Muaffa is where most of the light industry is located. The cities of Abu Dhabi are connected to Dubai (northeast), the Al-Ain oasis (east), and Qatar (west) by motorways.



Arab Monetary Fund, also known by its Arabic name Aandq Al-ml Al-arab, is a fund that works to support its participants—nearly all of the Arab League's members—by fostering their capital markets, resolving their payment issues, and assisting with exchange rates. The agreement was established in April 1976 and went into effect in February 1977. The board of governors of the fund develops trade-integration and -liberalization policy during its yearly meeting. The fund specifically issues short- and medium-term loans as well as guarantees designed to strengthen financial institutions' borrowing capacities. Abu Dhabi, United Arab Emirates, is home to the corporate headquarters.


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