Bin Aweidha Group (BAG) was established in 1958. It was established as a fast growing entrepreneurial business organization, and the export of oil from UAE in 1962 improved business environment, facilitated and gave BAG a chance to grow and expand faster. Today, BAG stands as one of the prominent business organizations in UAE, with business activities ranging from the commercial sector, which appeared in the 1960s, to printing and publishing, distribution and advertisement, oil services, banking and insurance in the 1970s. In the 1980s and the 90s the company expanded further in construction, finance, investment, industrial, travel and tourism and real estate activities, with significant presence in information technology. On December 2, 1971, the seven emirates became independent as the United Arab Emirates. The President, His Highness Sheikh Zayed Bin Sultan Al Nahyan, has devoted much of his attention in the intervening years to the development of the federation of the United Arab Emirates. Each of the emirates has its own ruler; and they all together comprise the highest body of the federal government, the Supreme Council of Rulers. The council elects from its members a president and vice president. A Prime Minister and a 40 member consultative assembly called the Federal National Council also governs the federation.