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Legislative branch: unicameral Federal National Council (Majlis Watani Itihad) Judicial branch: Union Supreme Court Leaders: Chief of State: President Shaykh Zayid bin Sultan Al NUHAYYAN, (since 2 December 1971), ruler of Abu Dhabi; Vice President Shaykh Maktum bin Rashid al-MAKTUM (since 8 October 1990), ruler of Dubayy Head of Government: Prime Minister Shaykh Maktum bin Rashid al-MAKTUM (since 8 October 1990), ruler of Dubayy; Deputy Prime Minister Sultan bin Zayid Al NUHAYYAN (since 20 November 1990) Political parties and leaders: none Suffrage: none Elections: none Other political or pressure groups: a few small clandestine groups may be active Member of: ABEDA, AFESD, AL, AMF, CAEU, CCC, ESCWA, FAO, G-77, GCC, IAEA, IBRD, ICAO, IDA, IDB, IFAD, IFC, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ISO (correspondent), ITU, LORCS, NAM, OAPEC, OIC, OPEC, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTO Diplomatic representation: Ambassador Muhammad bin Husayn Al SHAALI; Chancery at Suite 740, 600 New Hampshire Avenue NW, Washington, DC 20037; telephone (202) 338-6500 US: Ambassador Edward S. WALKER, Jr.; Embassy at Al-Sudan Street, Abu Dhabi (mailing address is P. O. Box 4009, Abu Dhabi); telephone [971] (2) 336691, afterhours 338730; FAX [971] (2) 318441; there is a US Consulate General in Dubayy (Dubai) Flag: three equal horizontal bands of green (top), white, and black with a thicker vertical red band on the hoist side :United Arab Emirates Economy Overview: The UAE has an open economy with one of the world's highest incomes per capita outside the OECD nations. This wealth is based on oil and gas, and the fortunes of the economy fluctuate with the prices of those commodities. Since 1973, when petroleum prices shot up, 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, crude oil reserves should last for over 100 years. GDP: exchange rate conversion - $33.7 billion, per capita $14,100 (1990); real growth rate 11% (1989) Inflation rate (consumer prices): 5.5% (1990 est.) Unemployment rate: NEGL (1988) Budget: revenues $3.8 billion; expenditures $3.7 billion, including capital expenditures of $NA (1989 es
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