Economic Analysis of The United Arab Emirates Essay

Dubai is becoming a popular destination for tourists. It is the second largest Emirate in the United Arab Emirates. Dubai is the United Arab Emirates, tourism capital. Dubai's economy is largely based on trade, manufacturing and tourism and only 20% of the city's revenue comes from the sale of oil. It is a very safe city with a low crime rate. There are stiff penalties for crime. Drug smuggling and rape are punishable by death. In the United Arab Emirates death is by firing squad unlike Saudi Arabia where they use the sword.

Like the press, Qatar allows the freedom of assembly and association, but restricts its practice. One example is that despite having a national workers union, the legal parameters prohibit the membership of non-citizens and government sector employees. In a country like Canada who has a strong local work force and wants to focus on employing its own citizens, this rule would be acceptable. But over 90 percent of the labour force in Qatar is from migrant and expatriate workers. Once again, the legislation dictates an ethical stance, but it is the ones in power who refuse to apply it in the manner in which it was intended. The UAE differs in this aspect since the only way large meetings can be held is with a government permit. From a civil rights standpoint, this appears oppressive, but there may be a security reason for it as well. By having a large group of people assembling, many possibilities can happen, therefore by having prior information about the gathering, the government and police force would have the ability to prevent possible conflicts depending on the nature of the assembly. Therefore, although there are strict rules in place, the UAE does not remove the rights of the people like the Qatari Government

Most countries affected by the civil wars have been cut off from any regional connections therefore they weren’t able to attract many of their regular customers. The UAE has taken that to their advantage by reeling in the customers who would normally shop in Egypt, Syria, Tunisia, Libya and Yemen and give them the opportunity to shop in places in the UAE instead of in a dangerous country. This has led to a 10% rise in spending by shoppers affected by the Arab Spring. The United Arab Emirates is known as a modern country with a stable government system that the public seems to respect. Governments from different countries such as Syria have shut down Internet and power connections to avoid the world to see the troublesome county. Because of these barricades, countries such as the United States and England have been keeping a close eye, especially since they cannot export and import products between countries. Perhaps the Middle East would’ve been better off without the Arab Spring.

The United Arab Emirates (UAE) was established 45 years ago, in 1971. However, that short lineage is deeply rooted in culture and affluence. UAE consists of seven states known as Trucial states. These Trucial states also known as Emirates are, Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah Umm al - Qaiwain, and Ras al – Khaimah. Their vast growth and substantial success have made them one of the most economically thriving countries in the world. UAE has developed immensely since its birth, especially in the last 20 years. The territory of UAE is extremely rich in oil and natural gases, which are their main exports. Many different ethnicities make up the country’s population, so much so that Emirati citizens have become the minority in their own country. UAE also has a growing military force consisting of Air Defense Artillery, F-16 fighter jets, and heavy armored vehicles. Originally UAE relied on coastal fishing and farming for their main food source, UAE now imports most of its food.

The United Arab Emirates is one of the most important tourist destinations in the region. The Arab spring had a very minor effect on the country’s tourism as it did not have a revolution but tourists in countries such as the Americas and Eastern Asia and some European countries were still slightly worried to visit any Arab country as it could be hit by the domino effect of the Arab Spring. UAE is not a neighboring country of any of the countries that had revolutions but it is in the same region.

Saudi Arabia has an economy that is largely dependent on oil, with the government maintaining the biggest control over the country 's significant economic activities. Saudi Arabia owns about 16% of the global oil reserves and is the number one exporter of oil (Saudi Arabia, 2013). In addition, the Kingdom of Saudi Arabia was instrumental in the formation of the OPEC (Organization of the Petroleum Exporting Countries) group, which initially comprised Iraq, Venezuela, Iran, Kuwait and Venezuela (Energy indicators, 2004). Currently, the petroleum industry constitutes about 80% of the country 's budgetary incomes; about 40% of the country 's GDP and 87% of Saudi 's export earnings. Agriculture, in addition to petroleum products, has been a major contributor to the kingdom’s economy since 1970s (Saudi Arabia, 2013). The country has been able to produce enough agricultural products for their consumption as well as surplus for exportation to the GCC member countries.

The United Arab Emirates is a new country, but it holds one of the most popular cities across the world, Dubai. The UAE is in Western-Asia at the South-East End of the Arabian-Peninsula on the Persian Gulf. The UAE has two bordering countries: Saudi Arabia to the West and Oman to the East. The UAE was created because it was an intermate trading region, for those who trading between Europe and Asia. The area attracted many merchants from numerous place across the lands, including India, China, and Europe. Later on, Britain ceded to control the coastline on the Persian Gulf. In the 19th century, Britain signed an agreement with the people living in the region. After the Agreement was signed, the region

Unlike the melting pot of nationalities in America, United Arab Emirates is, more accurately, like a pot of nationalities that was never heated. The immigration policies of UAE, among other things, have kept them all separated. As can be seen in Dubai, a city that is the present day Constantinople, the modern age has taken over in every industry. The city is glittering with popular brands like McDonald’s, PizzaHut, Dominoes, Chili’s, The Cheesecake Factory, Starbucks, Nando’s, Lal Qila and many more from the United States, Europe and Asia. The fashion scene, described by my friend who visits Dubai twice a year, is like that of New York or Paris. The Emirati culture and values are fading as the newer generations assimilate into their current social scene. Their immigration policies are failing to keep their ideals intact. The labor laws lack protection of any kind for the immigrant workers, domestic or otherwise. The government of UAE cannot hold preservation of national identity and cultural values to be more important than the rights of the immigrants. In their quest for cheap labor and large profit margins, the UAE government is violating human rights and social rights.

The United Arab Emirates is one of the fastest growing countries, with a high income per capita $48,800, comparable to the American income per capita of $49,000 (Central Intelligence Agency, 2012). Historically, the UAE had been a poor and underdeveloped region, due to its geographic placement in the desert. About three decades ago however, the country discovered and began to exploit its oil reserves. Since then, the economic stability of the nation increased.

The United Arab Emirates is a very wealthy country due to their global position in the export of oil. Within this country is home of two prestigious cities in the development of becoming international hubs within the business and social world.

What has really helped them grow is their liberal trade system, their aim to be a regional financial hub and a banking sector that is resilient. The level of economic development is high due to a thriving economy with business, labor and trade freedom going up and government spending lowering. Due to a thriving economy, backed by favorable tax conditions, many see UAE as an ideal location for a growing workforce and seek to buy or rent. With a tax-free environment, investors are motivated to invest and draws in many foreign companies to start business in the free zones and cities of UAE. Specifically, in Dubai their

The United Arab Emirates is a Middle Eastern country that is located along the Persian (Arabian Gulf). With Oman to the East and Saudi Arabia to the South, this country spans 32,278 square miles and is home to an estimated 8,264,070 people. (Map XL, Inc. US Office, 2016).

UAE is located at the southeast end of the Arabian Peninsula on the Arabian Gulf sometimes referred to as Persian Gulf, bordering Oman , and Saudi Arabia to the south, sharing sea borders with Qatar and Iran (CIA World Factbook). The population is estimated to be 9.446 million and consists of 1.4 million Emirati citizens and 7.8 million expatriates, majority of whom came from India, Pakistan, Philippines and other Arab countries. It was established in 1971 as a federation of seven emirates (states). Each emirate is governed by a monarch; together, along with some elected representatives, they form the Federal Supreme Council – legislative organ. One of the monarchs is selected as the President of the United Arab Emirates.

The United Arab Emirates also known as the Emirates or the UAE, is a country located in the southeast end of Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran. The United Arab Emirates was establish in 1971, and it is a federation of seven emirates; which include Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain.

With a population of 9.2 million, the country continues to grow and expand to further their reputation as one of the richest country in the world. One of the most important part of the United Arab Emirates history is their federation being formed in 1971. Specifically, this federation had a huge effect on Dubai. In Dubai becoming part of the seven emirates, there was an increased influence on the city 's development and growth.