...Arab Women (Non - National) in UAE Changes in the labor market across the world have triggered human migration across the globe. The migration is in search of opportunities and pressure from home countries. The fight for human equality and unfavorable economic conditions in home countries are some of the factors triggering the migration. Potential countries in terms of economic growth are final destinations for these immigrants. They feel a growing economy will boost earning, education and empowerment opportunities. Adina is an ambitious Arab woman born in UAE, by Yemen parents. She feels her stay in UAE if worth than her native Yemen. She is compelled to work hard by the growing economy in UAE; she has to keep up with the pace in order to fit in the economy. Adina is a young woman living with her family in Dubai. UAE economy is the strongest in western Asia, a fact that has raised the living standard especially in cities. To keep up with the growing economy, Adina merged her studies with a job in the aluminum industry in Abudhabi. It is a challenge for her to manage both the education and her job, considering she work during the weekdays and attend her lectures on weekends. She is also expected to meet demands and obligations by her family. She is determined to face these challenges in order to secure her future in UAE economy. Adina admires good life in UAE, and she works hard to maintain the status. Life has not been always good for Adina; UAE has presented her with various...
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...Global Business Cultural Analysis: United Arab Emirates XXXXXXXXXXXX Liberty University Abstract In order to be successful in international business, one must have a certain degree of understanding about the country in which one wishes to conduct business. The United Arab Emirates is a federation of seven emirates in the Gulf region that has a culture vastly different than that in the United States, yet a business atmosphere that is very open to foreign investors. This paper evaluates the elements and dimensions of culture that affect the business relationship between the United States and United Arab Emirates, the differences between the two nations, and the implications for doing business in the United Arab Emirates for businesses from the United States. Global Business Cultural Analysis: United Arab Emirates Conducting business internationally requires a certain understanding of cultures that may differ greatly from one’s own. Though the world is growing ever more interconnected through globalization, cultural differences still persist and must be recognized if one is to be successful in international business. From the perspective of a businessperson in the United States, the United Arab Emirates presents a unique opportunity to conduct business with a nation with great cultural differences, yet an increasingly open mind in relation to Western culture. While the United Arab Emirates appears at first glance to be highly westernized in its culture, one would...
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...Hans Engineering Inc. Expanding to United Arab Emirates Prepared for Mr. Steven Salvatore CEO of Hans Engineering Inc. Albany, New York, 10012 Prepared by Alicia Maharaj Whiteman AFB, Missouri, 65305 March 2, 2014 HANS ENGINEERING Inc. 1500 NW Pine Street, Albany, New York, 10012 (800) 525-1886 MAKING THE WORLD BETTER, ONE BUILDING AT A TIME! HANS ENGINEERING Inc. 1500 NW Pine Street, Albany, New York, 10012 (800) 525-1886 MAKING THE WORLD BETTER, ONE BUILDING AT A TIME! Alicia Maharaj 520 Longwood Drive Whiteman Air Force Base, MO 65305 March 2, 2014 Mr. Steven Salvatore, CEO Hans Engineering Inc. 1500 NW Pine Street Albany, NY 10012 Dear Mr. Salvatore: In this document you will find the report that you requested in February. I have provided key information and made recommendations on a plan of action to expand Hans Engineering Inc. to the United Arab Emirates (UAE). My analysis highlights several areas that can directly impact your decision for the future expansion of Hans Engineering Inc. on a global scale. I provided information on the country, economy, business, culture, and possible locations to give credence on the viability of expanding to the UAE. The UAE is a trend setter in constructing unique buildings and robust infrastructure and is a solid prospective in which to make the headquarters for Hans Engineering International. This report will demonstrate that doing business in the UAE can be extremely rewarding for...
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...United Arab Emirates and Economics Institution United Arab Emirates and Economics Introduction The United Arab Emirates is a capitalist country which gives the private investors an opportunity to manage, and maintain commercial and industrial sectors in order to ensure growth and development. The economy has one of the highest Gross Domestic Product (GDP) per capita worldwide. Thus, this allows many people from different parts of the world entering and investing in the economy and also gives them the opportunity to leave whenever they feel like without engaging in various formalities. The country can also be viewed as one that has a liberal market philosophy and which comprises small amounts of corruption in most of the public sectors. Capitalism refers to a system of raising, spending and conserving a given set of monetary value in a given market. Under this economic system, there are three key markets that are the money or financial market, the labor market and the product market. Labor providers are paid wages and salaries depending on the nature of employment. They make products that are sold by the firms, companies and corporations to the consumers. Money market is involved in both the supply and demand for money. Money supply is mostly undertaken by the central banks of various countries while demand is determined by the speculative transaction and precautionary motives respectively. The money market operates...
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...D Economy Profile 2015 United Arab Emirates Doing Business 2015 2 United Arab Emirates © 2014 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org All rights reserved. 1 2 3 4 17 16 15 14 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. This work is available under the Creative Commons Attribution 3.0 Unported license (CC BY 3.0) http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution—Please cite the work as follows: World...
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...The United Arab Emirates (UAE) is a Middle Eastern federation of seven states situated in the southeast of the Arabian Peninsula in Southwest Asia on the Persian Gulf, bordering Oman and Saudi Arabia. The seven states, termed emirates, are Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. Independence (1971). By 1966 it had become clear the British Government could no longer afford to administer and protect what is now the United Arab Emirates. British MPs debated the preparedness of the Royal Navy to defend the trucial sheikhdoms. Secretary of State for Defence Denis Healey reported that the British Armed Forces were seriously overstretched and in some respects dangerously under-equipped to defend the trucial sheikhdoms. On 24 January 1968, British Prime Minister Harold Wilson announced the government's decision, reaffirmed in March 1971 by Prime Minister Edward Heath to end the treaty relationships with the seven Trucial sheikhdoms that had been, together with Bahrain and Qatar, under British protection. Days after the announcement, the ruler of Abu Dhabi Sheikh Zayed bin Sultan Al Nahyan, fearing vulnerability, tried to persuade the British to honour the protection treaties by offering to pay the full costs of keeping the British Armed Forces in the Emirates. The British Labour government rejected the offer.[32] After Labour MP Goronwy Roberts informed Sheikh Zayed of the news of British withdrawal, the nine Gulf sheikhdoms attempted to form...
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...The United Arab Emirates Uae Economics Essay In less than four decades, the United Arab Emirates, a relatively young country, changed from a huge desert to a country that is known today as one of the best in the world to live in. The UAE is a federation of seven monarchies: Abu-Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras AL- Khaimah and Umm al-Qaiwain. The country is located in the Middle East and is part of the Gulf Cooperation Council which is an economic alliance of six countries bordering the Arab Gulf. Its law is based on Sharia but the UAE is one of the most liberalized countries in the GCC: others beliefs and religions are tolerated. The economy is heavily depending on oil wealth despite the government's efforts to diversify the sources of income. The population is mostly comprised of expatriates (88.52% of the total population in 2010 as per the National Bureau of Statistics estimates). Abu Dhabi, which is known as the driving force in economic, political and decision making process, account for about 90 percent of the oil production, and oil contribute 56% of the entire GDP of the emirates. Dubai is actually the main responsible for the remarkable growth witnessed in the majority of the UAE non-oil sector, Dubai serves as the financial hub in the whole middle east, with commerce, transportation, services and tourism as the driven force of the economy. Its GDP has experienced an exponential growth of around 245% from 2000 to 2011. In the UNDP's Human Development Report...
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...UNITED ARAB EMIRATES ISU 6/1/2012 Mak'an Dakwal United Arab Emirates. The United Arab Emirates is a Middle East country that is located in between Saudi Arabia and Oman. It is in the eastern part of the Arabian Peninsula. UAE has a total land area of 36,278 square miles. (Daily Almanac, 2012). Saudi Arabia borders UAE in the west and south, Qatar borders it in the north and Oman to the west. The United Arab Emirates is made up of seven emirates bound by an official constitution. The seven emirates are also the seven Trucial states which are Abu Dhabi, Dubai, Umm al-Qaiwain, Ras al-Khaiman, Sharjah, Ajman, and Fujairah. They were brought together under one government on 2nd December, 1971. (Daily Almanac, 2012). Abu Dhabi is the largest of them and it is also the official capital. It makes up 85% of the total land area of the country. The smallest emirate is Ajman. The government of UAE consists of a president, prime minister and the seven emirates are each headed by emirs. The culture and tradition of the UAE is strongly structured on Islamic rules and laws. (Daily Almanac, 2012). Almost all indigenes of the UAE are Muslim by religion; Islam is the national religion in the Arab land. Issues concerning marriage, divorce, inheritance, economics, politics, and personal conduct are governed by Sharia (Islamic) law. A majority of UAE Muslims are Sunnis and the minority sect is the Shi’a...
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...Nuclear Power Plant Design for the United Arab Emirates The United Arab Emirates (also referred to as the UAE or the Emirates) is a relatively young country that has established a powerful world economy in a short period of time. After breaking ties from the United Kingdom just over four decades ago, the UAE has quickly developed one of the most appealing economies for foreign investment in Western Asia. The Emirates’ largest cities, Dubai and Abu Dhabi, are significant business gateways between the Middle East, Africa and Asia. Leveraging its prime geographical location and plentiful oil and natural gas reserves, the UAE has endeavored to develop its economy to the point that “today, [the Emirates] feels proud of [its] world-class and highly-ranked sea and air ports, which have strongly positioned the UAE as a main hub for trade and travel worldwide,” according to UAE Prime Minister Sheikh Mohammed. This improvement-centric mindset coupled with strategic reinvestment in infrastructure sets the United Arab Emirates on a path towards long-term global impact in many business indices. Figure [ 1 ] http://data.worldbank.org/country/united-arab-emirates S S Figure [ 1 ] http://data.worldbank.org/country/united-arab-emirates S S Over the past decade foreign direct investment (FDI) has swelled around the attractive business sector of the United Arab Emirates. Since its inception in 1971, the Emirates’ economy has grown exponentially, with gross domestic...
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...Expanding Hybrid Car Business in the United Arab Emirates Jason Maasen Athens State University March 5, 2013 Abstract This paper examines the subject of expanding the business of Toyota Motor Company’s hybrid vehicle, the Prius. The company is looking to expand the sales area of the Prius into what has become a highly developed and strengthening country that is open to the world of hybrid cars. The country that Toyota is targeting is the United Arab Emirates. With its quick pace and solid economic system, Toyota Motor Company believes this to be a perfect candidate for expansion. This paper will go into why this expansion will be a success. Expanding Hybrid Car Business in the United Arab Emirates Toyota Motor Company is looking to expand its hybrid car sales into new areas. As a whole, hybrid cards are beginning to gain more popularity. With higher gas prices worldwide, hybrid cars use less gasoline with advanced technology. Also, being more environmentally friendly has become more of a necessity with loss of natural resources, talk of global warming and damage to the ozone layer. The United Arab Emirates is a target that Toyota feels would be the perfect situation to expand the Prius footprint. An analysis of international business in the United Arab Emirates shows a nation that is exploding with new culture and opportunities to expand. With an influx of new architecture and businesses, and a country that is working to improve its environmental standards...
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...Globalization has been by far, great for most nations by enhancing the economy, technology, imported and exported labor, as well as the growth of industries and investments. Downfalls such as increased pollution, lost culture and the enhanced spread of disease are there, but in my opinion does not out-way the positivity. It is with no doubt that Western-based globalization has affected many areas of the World as well. Prior to World War II, many nations were very poor, overpopulated and did without most of the perks that Western cultures thrived on, such as technology and resources. The Philippines and the United Arab Emirates were two groups that were dramatically affected. Mainly from oil and agricultural trade with the Western countries, the United Arab Emirates and the Philippines were both drastically changed with an increase in financial gain, trade and technology. The Philippines is a country of ups and downs of conspicuous consumption of devastating poverty, hunger and suffering. The economy is basically agricultural, with rice, corn, and kamote (sweet potatoes) the staple food crops. (Globalization in the Philippines, 2010) Prior to globalization, the Philippines were unprepared and undeveloped as a nation with so many resources to share with others. Minerals were a large resource in this country, with no way to gain economically as a separate entity. Thanks to globalization, it has opened its economy to foreign trade and investment. Furthermore, globalization has...
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...Introduction In a few short weeks, I will be taking the trip of a life time to the United Arab Emirates! The UAE is an exciting place full of wonder and new adventures. The country is separated into seven distinct Emirates, each seeming to create a feel of past, present, and future depending on the Emirate you visit. The futuristic city of Dubai, currently boasting the tallest building in the world- the Burj Khalifa, has become internationally known as a major trading hub and popular tourist destination. And while the UAE has changed rapidly over the last several decades, it has nevertheless kept it culture of hospitality and perseverance alive. I am very excited to have the opportunity to explore such an interesting place and experience everything the United Arab Emirates has to offer! History & Customs The United Arab Emirates has a relatively short history as a nation. The area it currently resides in was actually highly known for piracy back in the day. So much so that in the early 19th century, pirates had provoked the intervention of the British. This resulted in the British enforcing a temporary truce in 1820 that eventually became permanent in 1853. The British provided the nine Trucial states with protection but did not formally administer them as a colony. “Thus what had once been deemed the ‘Pirate Coast’ was renamed the ‘Trucial Coast’” (Pearson, 2014). “With relatively calm seas, the pearling industry boomed during the 19th and early 20th centuries” (Council...
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...world. The city being Dubai of course. Dubai is the crown jewel of the UAE and the arab world as a whole. Now one of the most sought-after tourist destinations and business hubs for citizens of the world, Dubai’s success story has made many other Middle Eastern nations take notice. In a survey done by the Arab Youth organization, young arabs chose the UAE as “the country they would most like to move to… and the country they would most like their country to emulate” (Badam). The UAE was ahead of 20 other countries, including the United States, Germany and Britain, as young people’s top country to live in. What led to the UAE’s astronomical rise? What policies led to the resources from oil revenues being spent in the most efficient fashion in comparison to other nations? These are the questions I will tackle in this paper. The UAE was established in 1971 when the rulers of the seven independent emirates agreed to instill a unifying constitution. The ruler of Abu Dhabi at the time , Zayed bin Sultan Al Nahyan, was chosen to lead the country. Since then, the ruler of Abu Dhabi is President of the United Arab Emirates, the head of state, and the ruler of Dubai is the Prime Minister of the United Arab Emirates, the head of government. This historic peaceful union of neighboring states is an inspiration to nations around the world. By bypassing a time of war and power struggles, the leaders of each emirate were able to focus on the well-being of the people since the unification of the...
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...ABU DHABI COMMERCIAL BANK LIMITED Name Institution ABU DHABI COMMERCIAL BANK LIMITED Abu Dhabi commercial bank, simply known as ADCB is one of the largest banks in United Arab Emirates in terms of market capitalization and shareholder funds. The bank was established in 1985 through a merger of Emirates commercial bank, the federal commercial bank and the Khaleej commercial bank. The Abu Dhabi government owns sixty-five percent of the shares of the company through its investment arm, the Abu Dhabi Investment Authority (Bllomberg, 2011). The Abu Dhabi commercial bank is a public shareholding company under limited liability. The bank is listed in the Abu Dhabi stock exchange as a public joint stock company. The bank provides the following services; Islamic banking, merchant banking services, stock brokerage, commercial and investment banking, as well as fund management activities (Bloomberg, 2011). ADCB has 49 branches across United Arab Emirates and 2 branches in India. The bank operates through three divisions. They are business banking, personal banking and meetahq Islamic banking. The personal banking segment of the bank offers accounts credit and debit services, loans and wealth management services among other services. The business banking segment of the bank offers the following services, small and medium enterprises banking, corporate banking, investment banking and treasury banking. The meetahq-banking segment offers sharia law compliant banking...
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...Communications Prepared by Roy Gasaway April 1, 2014 TO: Margaret Blue FROM: Roy Gasaway DATE: April 1, 2014 SUBJECT: Guidelines For Doing Business in The United Arab Emirates Here is the report you sanctioned on doing business in the United Arab Emirates (UAE). UAE is a well-established logistics hub providing access to markets in the Gulf, the Middle East, Africa, Eastern Europe, the Indian Subcontinent and the rest of Asia. The local emirate government closely parallels the federal government construct. A member of the ruling family constitutes the executive. Executing the directives of the executive are various ministries and other departments. The ministries and other departments, together with governmental agencies constitute the emirates governing bodies. This federal system of governance has provided for a stable political environment granting an attractive destination for international investment. Thank you for the opportunity to prepare this report. If I can provide additional help on our quest to bring our business to the UAE, please contact me. Attachment Executive Summary The UAE is one of the fastest growing markets in the Middle East. Peaceful and prosperous, the UAE offers businesses unlimited business opportunities in a diverse open economy. Located in the Arab Peninsula, the UAE is a well-established logistics hub providing access to markets in the Gulf, the Middle East, Africa, Eastern Europe, the Indian Subcontinent and the rest...
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