The flag of the United Arab Emirates was adopted on December 2, 1971.
It contains the Pan-Arab colors red, green, white and black, which symbolize Arabian unity.
In addition the individual colours have the following meanings:
- Green: Fertility
- White: Neutrality
- Black: Oil wealth
- Red: Unity
Source : http://en.wikipedia.org/wiki/Flag_of_the_United_Arab_Emirates