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bin Rashid al-Maktum unanimously reaffirmed vice president Legislative branch: unicameral Federal National Council (FNC) or Majlis al-Ittihad al-Watani (40 seats; members appointed by the rulers of the constituent states to serve two-year terms) elections: none note: reviews legislation, but cannot change or veto Judicial branch: Union Supreme Court (judges are appointed by the president) Political parties and leaders: none Political pressure groups and leaders: NA International organization participation: ABEDA, AFESD, AMF, FAO, G-77, GCC, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, LAS, MIGA, NAM, OAPEC, OIC, OPCW, OPEC, UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTO Diplomatic representation in the US: chief of mission: Ambassador Asri Said Ahmad al-DHAHIRI chancery: 3522 International Court NW, Washington, DC 20008 telephone: [1] (202) 243-2400 FAX: [1] (202) 243-2432 note: consulates in New York and Houston Diplomatic representation from the US: chief of mission: Ambassador Michele SISON embassy: Embassies District, Plot 38 Sector W59-02, Street No. 4, Abu Dhabi mailing address: P. O. Box 4009, Abu Dhabi telephone: [971] (2) 414-2200 FAX: [971] (2) 414-2469 consulate(s) general: Dubai Flag description: three equal horizontal bands of green (top), white, and black with a wider vertical red band on the hoist side Economy United Arab Emirates Economy - overview: The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Its wealth is based on oil and gas output (about 30% of GDP), and the fortunes of the economy fluctuate with the prices of those commodities. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. At present levels of production, oil and gas reserves should last for more than 100 years. The government has increased spending on job creation and infrastructure expansion and is opening up its utilities to greater private sector involvement. In April 2004, the UAE signed a Trade and Investment Framework Agreement (TIFA) with Washington and in November 2004 agreed to undertake negotiations toward a Free Trade A
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