EARLY DEVELOPMENT OF THE NATION Flashcards
what was the first oil well and its production
The first oil well, called the Murban-3, was completed in May of 1960 and began producing crude oil at a rate of 3674 barrels per day. More oil fields were quickly discovered and the revenue from the oil production started to grow dramatically.
what was the adnoc
IN 1971, ADNOC, the Abu Dhabi National Oil Company was created by Sheikh Zayed. Adnoc held the government’s share in the country’s oil industry.
what happened bfr the formation of adnoc
Under earlier agreements, all gas belonged to the government and foreign oil companies owned the oil. These foreign companies were required to pay taxes and royalties on the oil that they owned. In 1973, ADNOC took a 25% share in the oil which increased to 60% in 1974. Currently, ADNOC manages and overseas the production of around three million barrels of the oil per day- making the 12th largest oil producer in the world.
what is the adia
Sheikh Zayed created ADIA or the Abu Dhabi Investment Authority in 1976 with the aim of reinvesting funds in to the Emirate to help it grow. This allowed hospitals, schools and roads to be created which greatly improved the quality of life and increased positive aspects of the UAE’s future. In Al Ain, the country’s first university , United Arab Emirates University opened in 1977.
what grew with the beneifts of oil and investmenets
population!!!!!!
describe population trends in the uae
It is estimated that the UAE had a population of 9.44 million in 2014 and the number is steadily increasing till this day. In the twentieth century, it was estimated that the emirates had a population of roughly 80,000 people. Literacy rates, Life expectancy, health care and economic opportunities rose. The first formal population census was conducted in 1968 and indicated that the total population was over 180,000.
Which Emirate started with the smallest population in 1975
Umm al Quwain
Which emirate had the biggest population by 1995?
Abu Dhabi
Which emirate had the highest population growth over the 20 years?
Abu Dhabi
Which Emirate had the lowest population growth over the 20 years?
Umm Al Quwain
explain life in the early years of uae
Life in the early years of the UAE was dramatically different from UAE life today. Change has happened to rapidly revolutionize the economic and social landscape in a very short time. Initially, fishing, pearling and regional trade dominated the Emirati workforce, however, as time went on, industries such as tourism, real estate, resource management, and technological fields dominate the UAE workforce.
describe the uae flag and its colours and its significance
As the country grew, it became more and more important to symbolize the unity of the seven Emirates. One way to do this was to create a national flag. The colors red, black, green, and white are the pan-Arab colors which have been linked historically to Arabs and Islamic faith for centuries. The colors not only represent Arab unity, they also represent independence. The length of the flag was originally twice the width and was first used on the 2nd December 1971 when Sheikh Zayed bin Sultan al Nahyan hoisted the flag upon the declaration of the UAE Federation.
