The Economic Environment of the UAE

Introduction The United Arab Emirates (UAE) is currently experiencing a positive economic growth. The UAE has â€Å"an economic freedom score of 71.4† (Young, 2014, p. 8). This fact makes the UAE has become one of the freest markets in the globe. The region’s economy has been showing new improvements.Advertising We will write a custom assessment sample on The Economic Environment of the UAE specifically for you for only $16.05 $11/page Learn More The UAE region has been using powerful incentives in order to support its economic position. According to Young (2014, p. 19), â€Å"the UAE’s economy is the second largest in the Middle East†. The region’s GDP stands at 377 trillion US dollars. The region is currently diversifying its economy. However, the government obtains over 30 percent of its Gross Domestic Product (GDP) from oil. This essay examines the opportunities and challenges associated with the region’s eco nomy. The Economic Environment of UAE The economic environment of a region will determine its performance. Many people will invest in every country with a positive economic environment. The economic indicators of the UAE are making the region admirable. Dubai is one of the monarchies forming the United Arab Emirates. Dubai has become the center of commerce and tourism (Young, 2014). The UAE also offers new incentives to ensure every person achieve his or her goals. For example, the UAE has formed many free trade zones. Such zones encourage many investors to support their business activities. These regions have â€Å"zero taxation thus supporting the goals of many entrepreneurs† (Hill, 2011, p. 12). The UAE offers subsidized services to its people. Many individuals are currently experiencing the best opportunities. The region also exports oil and gas. This economic activity has increased the government’s revenues. The UAE government uses such revenues to support small-s cale businesses. The UAE produces â€Å"the best opportunities thus making the region attractive to both local and foreign investors† (Young, 2014, p. 65). This situation explains why many investors are doing business in the UAE.  The legal aspects of the UAE continue to support its economy. For instance, the region is not corrupt (Jones, 2005).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The monarchies promote the best judicial practices. The political leadership of the region discourages many business malpractices. This practice is currently promoting the economy of the region. There is â€Å"no income tax in the UAE† (Young, 2014, p. 48). This economic situation makes it easier for many individuals to achieve their potentials. The region uses most of its revenues to promote the best economic activities. The UAE has streamlined most of its business policies. For e xample, many people can start their businesses within ten days. The process is also â€Å"efficient and less costly† (Young, 2014, p. 65). The government supports the best employment regulations. The practice has made it easier for many investors to achieve their goals. Many individuals have managed to launch their businesses within the shortest time possible. Employment laws and regulations are also flexible in the UAE. The presence of open markets makes the UAE admirable to many investors. The â€Å"United Arab Emirates presents an average tariff of 3.7 percent† (Hill, 2011, p. 73). According to many economists, non-tariff issues do not discourage many people from investing in UAE. Many foreign investors are able to own property in the region. This practice has made it easier for them to achieve their goals. Islamic banking â€Å"is also common thus promoting the economic expectations of many entrepreneurs† (Young, 2014, p. 69). The presence of state-owned ban ks has made it easier for the region to achieve its goals. It is agreeable that the UAE economy presents a wide range of opportunities. The above strengths will â€Å"encourage more investors to focus on the region† (Young, 2014, p. 72). On the other hand, the economy of the United Arab Emirates faces a number of weaknesses. Such threats have discouraged many individuals from doing business in the region (Young, 2014). To begin with, the region’s income is obtained from gas and oil. The government should therefore diversity its economy in order to achieve the best outcomes. The government can identify new sources of income such as agriculture and tourism. Many foreigners are â€Å"only allowed to own land and property in specific areas† (Hill, 2011, p. 102). This issue discourages many investors from doing business in the UAE. The UAE government should use the best strategies in order to support the needs of these investors. This practice will make the region on e of the best business destinations.Advertising We will write a custom assessment sample on The Economic Environment of the UAE specifically for you for only $16.05 $11/page Learn More The issue of terrorism is a common problem in the United Arab Emirates. The Arab World (AW) is currently associated radicalism. Many Muslims have â€Å"been controlling different functions and policies† (Young, 2014, p. 89). Many â€Å"people have been avoiding the region because terrorism is a real challenge† (Young, 2014, p. 173). This problem discourages many people from visiting the UAE. The UAE is also associated with an unpleasant climate. This situation has made it impossible for many individuals to do business in the region. Conclusion The United Arab Emirates has a powerful economy. The region is currently diversifying its economic activities n order to become a major player in the globe. The region also obtains its income from different non-oil sec tors (Jones, 2005). The legal frameworks experienced in the UAE are supporting many businesses. This discussion encourages the UAE government to address the major threats affecting its economy. The practice will eventually support UAE’s economy. Reference List Hill, C. (2011). International Business, Competing in the Global Market. New York, NY: McGraw-Hill. Jones, G. (2005). Multinationals and Global Capitalism. New York, NY: Oxford University Press. Young, K. (2014). The Political Economy of Energy, Finance and Security in the United Arab Emirates. New York, NY: Palgrave Macmillan.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This assessment on The Economic Environment of the UAE was written and submitted by user Eli W. to help you with your own studies. 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The Importance of the Jupas Essay Sample Course

The Importance of the Jupas Essay Sample CourseJupas Essay Sample comes from the postgraduate degree course of Latin and Ancient Greek, with its aim to provide an excellent starting point for students who want to earn their qualification. When we say 'easy' then we mean that the material is written in a very systematic manner, making it a very easy read. It will not waste any time to finish the reading and writing material because the courses have been designed to make sure that they offer high quality articles that will enable students to move forward and find their way into the world of academics. The courses start by setting out to provide a basic foundation, after which the material progresses to meet the demands of the other subjects.Jupas Essay Sample provides an easy way for those who want to learn how to write an academic essay, and it also sets a standard for students who wish to achieve higher academic standards than they have ever set before. There are several steps that n eed to be taken when one wishes to write a good academic essay, and this course helps students understand them and ensure that they stay on the right track.The step of writing the essay sample in Jupas Essay Sample is easy to understand and use. There are different tools that students can use in order to perform this task. These include different types of software applications, word processors, etc. Each of these tools makes it possible for students to gain the necessary guidance in order to start writing and do the job right.This course includes a sample essay that has been drawn up by the Jupas team to give students a great deal of assistance in order to learn how to write a good essay. This article contains a brief review of the various pieces of information that the students can find useful while they continue with their education.The first of the important tools that students can use is the well-structured example that is provided in the class, giving them a platform to underst and how a formal academic setting is done and how to write a well-organized paper. The two aspects of writing an essay are discussed in detail in the Jupas Essay Sample, with the usage of diagrams to make the concepts clearer to the readers.Another important element that makes the learning experience even more interesting is the clear description of the end results. This is a very exciting part of the course, as students get to discover exactly what happens once they have completed their work and are ready to submit it. The tone of the final product is often a very strong emphasis on the conclusions that the authors are looking for to be reached.By the time the Jupas Essay Sample is complete, students will have gained valuable skills in terms of essay writing. The course also covers various topics such as argumentation, critical thinking, clarity, language and organization. All of these topics are extremely helpful in the process of reaching the highest levels of academic achievemen t.The course is divided into three modules, the first being the course outline, which will allow students to have a basic idea of the course. The second module is known as Introduction to Jupas Essay Sample, where students are able to get a hold of some practice materials and get familiar with the Jupas format. The third module is the dissertation structure where students are given practical advice on how to write a scholarly essay.