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The World Factbook, 2023. Pegged with. USD [ 1] US$1 = Dhs 3.6725. The Arab Emirates Dirham ( / ˈdɪər ( h) əm /; [ 2] Arabic: درهم إماراتي, abbreviation: د.إ in Arabic, Dh (singular) and Dhs (plural) or DH in Latin; ISO code: AED is the official currency of the United Arab Emirates. The dirham is subdivided into 100 fils (فلس).
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [ 5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
The United Arab Emirates [b] (UAE), or simply the Emirates, [c] is a country in West Asia, in the Middle East. Located at the eastern end of the Arabian Peninsula , it shares land borders with Oman to the east and Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran .
Silver dirham issued in 1002 by Hisham II, Caliph of Córdoba. The dirham, dirhem or drahm ( Arabic: درهم) is a unit of currency and of mass. It is the name of the currencies of Morocco, the United Arab Emirates and Armenia, and is the name of a currency subdivision in Jordan, Qatar and Tajikistan. It was historically a silver coin.
Tunisia. د.ت (Tunisian Arabic) or DT (Latin) UAE dirham [ 8] AED. United Arab Emirates. AED [ 9] Moroccan dirham. MAD. Morocco.
The new UAE dirham entered circulation on the same day the Currency Board was established. At this time, the Currency Board of the UAE did not have full central bank powers. It was mandated to manage the currency and the country's gold and foreign exchange reserves, but did not have regulatory authority and was not empowered to manage the UAE's ...
The current standard VAT rate in the country is 5%. [ 2][ 3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [ 4] The standard rate of corporate tax is 9%, some exempt businesses and those with net annual profits under AED375,000 (US$102,100) qualify for a rate of 0%, and ...
The United Arab Emirates is situated in the Middle East and West Asia, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia; it is at a strategic location along the northern approaches to the Strait of Hormuz, a vital transit point for world crude oil. [ 2] The UAE lies between 22°50′ and 26° north latitude and ...