Following the passing of new legislation in January 2000, the privatisation issue took a major step forward. 44K United Arab Emirates Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaymah, Sharjah, and . A member of OPEC, the UAE holds the organisation s fourth largest oil reserves. The country is situated on the south-western coast of the Arabian Peninsula. Unlike its wealthy neighbours, Yemen ranks among the poorest countries in the world.
Industry is restricted by a drastic electricity shortage due to inadequate generation capacity.