The U.A.E. has a federal political system. The Supreme Council governs the country. It is the highest federal governing body and consists of the rulers of the seven emirates. The Supreme Court elects from its membership the President and the Vice-President. The current president is H.H. Sheikh Khalifa bin Zayed  Al Nahyan, Ruler of Abu Dhabi, and the Vice-President is H.H. Sheikh Maktoum bin Rashid Al Maktoum, Prime Minister and Ruler of Dubai. Procedural matters of the Supreme Court are decided by majority vote. Substantive matters require a majority of five votes provided that the Abu Dhabi and Dubai votes are included.
The Federal Council of Ministers based in Abu Dhabi implements political decisions of the Supreme Court. The Prime Minister heads the Council of Ministers. The President following the approval of the Supreme Council appoints the Prime Minister, who is usually selected from the ruling family of the emirate of Dubai.
Responsible for, among other things, considering and reviewing draft federal laws or bills is the Federal National Council. The draft laws are submitted to the President and the Supreme Council for consideration and subsequent enactment.
Dubai
Dubai is part of the UAE, which is a low-crime and politically stable country. Also, the UAE enjoys financial and monetary stability. Its well-developed, sophisticated banking system features extensive credit facilities and ample liquidity. The Emirate's emerging capital markets are built on a basis of leading-edge technologies and sound regulatory systems.

The government of Dubai has a long, consistent commitment to pro-business, liberal economic policies including the protection of intellectual property rights. The UAE benefits from stable and harmonious industrial relations. Finally, there is a well defined, sound legal framework for business and a clear set of ownership rules.

Foreigners are permitted ownership rights of up to 49% for limited liability companies established within the Emirate of Dubai and up to 100% for professional companies, branches and representative offices of foreign companies and free zones enterprises.

All of these factors reflect positively in Dubai's being assigned an investment grade rating for fixed income investment by Moody's Investors Service.
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