Bordered by the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia, lies the Unites Arab Emirates (UAE). Consisting of seven states joined on the Arabian Peninsula, the UAE boasts one of the most developed economies in the Middle East. Notably the second largest Arab economy and holder of the fifth largest proven oil reserves and fourth largest proven natural gas reserves in the region, the UAE is expanding its oil and natural gas industry at a rapid pace. An OPEC member since 1967, the UAE has proven oil reserves of close to 98 billion barrels and proven natural gas reserves of 214 trillion cubic feet.
Accounting involves the recording of financial information, as well as storing, measuring, summarizing and communicating this information through reports and analyses. Accountants will perform a number of duties depending on the size and structure of the company’s financial department. Accountants can be specialized and focus on a specific area such as taxes, auditing, or reporting.