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The word university comes from the Latin word, universitas, meaning 'a whole'. A university covers higher education and research and grants academic degrees in various subjects, providing both undergraduate education and post graduate education. University roughly means a community of teachers and scholars. In some countries, universities are principally funded by the state, while in others financial support may come from donors or from students' fees. Some universities also provide accommodation for their students. The United Arab Emirates University stands as the oldest and most prestigious in the UAE, established in 1976 in Al Ain, and is marked 370th best university in the world in the 2012/2013 World University Rankings.