Wednesday, June 17, 2009

Arab Emirates




The United Arab Emirates (UAE) (Arabic: دولة الإمارات العربية المتحدة‎,

Dawlat al-Imārāt al-‘Arabīyah al-Muttaḥidah) is a federation of seven emirates situated in the southeast of the Arabian Peninsula in Southwest Asia on the Persian Gulf, bordering Oman and Saudi Arabia. The seven states, termed emirates, are Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah and Fujairah .
The UAE, rich in oil and natural gas, has become highly prosperous after gaining foreign direct investment funding in the 1970s. The country has a relatively high Human Development Index for the Asian continent, ranking 31st globally,[3] and had a GDP purchasing power parity of $200.5 billion in 2009 according to the IMF.[4]
Before 1971, the UAE were known as the Trucial States or Trucial Oman, in reference to a nineteenth-century truce between Britain and several Arab Sheikhs. The name Pirate Coast was also used in reference to the area's emirates in the 18th to early 20th century.[5]

European Union


The European Union (EU) is an economic and political union of 27 member states, located primarily in Europe. It was established by the Treaty of Maastricht on 1 November 1993,[5] upon the foundations of the pre-existing European Economic Community. With a population of almost 500 million, the EU generates an estimated 30% share (US$18.4 trillion in 2008) of the nominal gross world product.[6]
The EU has developed a single market through a standardised system of laws which apply in all member states, ensuring the freedom of movement of people, goods, services and capital.[7] It maintains common policies on trade,[8] agriculture, fisheries,[9] and regional development.[10] A common currency, the euro, has been adopted by sixteen member states constituting the Eurozone. The EU has developed a limited role in foreign policy, having representation at the WTO, G8 summits, and at the UN. It enacts legislation in justice and home affairs, including the abolition of passport controls between many member states which form part of the Schengen Area.[11] Twenty-one EU countries are members of NATO.
The EU operates through a hybrid system of intergovernmentalism and supranationalism. In certain areas it depends upon agreement between the member states, in others, supranational bodies are able to make decisions without unanimity. Important institutions and bodies of the EU include the European Commission, the Council of the European Union, the European Council, the European Court of Justice and the European Central Bank. The European Parliament is elected every five years by member states' citizens, to whom the citizenship of the European Union is guaranteed.
The EU traces its origins to the European Coal and Steel Community formed among six countries in 1951 and the Treaty of Rome in 1957. Since then the union has grown in size through the accession of new countries, and new policy areas have been added to the remit of the EU's institutions.

Westren Union


The Western Union Company (NYSE: WU) is a financial services and communications company based in the United States. Its North American headquarters is in Greenwood Village, Colorado, and its international marketing and commercial services headquarters are in Montvale, New Jersey. Until it discontinued the service, Western Union was the best known US company in the business of exchanging telegrams.
Western Union has a number of divisions, with products such as person-to-person money transfer, money orders, and commercial services. As of September 9, 2008, the company has 350,000 Western Union agent locations in over 240 countries and territories. Reported revenues top $5 billion annually.

Monday, June 15, 2009