...Petro Dollars Guidelines For Doing Business in the UAE Prepared for: Mrs. Margaret Blue University of Southern Mississippi IT 380 Organizational 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...
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...International Business Communications MGM316-1303B-02 Professor: Robert Wilberding Basic Concepts of International Communication Roxane Billiot August 25, 2013 Part I All countries have their own specific beliefs and cultures. One of the things I learned in Sardegna was that even though the cultures from the different regions were similar, they were still different. Each province had a dialect different from each other. Since we have decided to extend our fast food hamburger franchise to include UAE (United Arab Emirates), Israel, Mexico and China we must first do some research on the culture, language, religious beliefs, and values of these new countries. The first thing I would research is the different cultures and how they will impact the business. Does their culture even allow for this type of food? In the articles that I researched, the countries that I will expand my franchise to will only have one major issue, which is the same issue in the United States. That issue is obesity. United Arab Emirates – With American fast food already being global I foresee no issues with the type of food prepared in my fast food chain expanding to the UAE. Since the 1980’s the Middle East has had American fast food chains. (Pulitzer Center, 2012) According to Shane McGinley “The UAE restaurant market is set to grow 30 percent to $780m in the next four years and will be dominated by American-style fast food brands, an industry expert have said.” (McGinley, 2011) Israel – Nathan...
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...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. There is a mixed population that consists of people from different cultures and religions; half of the population is made...
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...SALARY GUIDE | UNITED ARAB EMIRATES 2012 CONTENTS. MANAGING DIRECTOR’S LETTER BANKING & FINANCIAL SERVICES MARKET INSIGHTS RISK & COMPLIANCE WEALTH MANAGEMENT & PRIVATE BANKING ACCOUNTANCY & FINANCE MARKET INSIGHTS ACCOUNTANCY & FINANCE TECHNICAL MARKET INSIGHTS ENGINEERING CONSTRUCTION & ENERGY SUPPLY CHAIN & LOGISTICS 2 3 4 5 6 7 8 9 10 11 12 13 14 SALES, MARKETING & SUPPORT MARKET INSIGHTS ADVERTISING, MEDIA & BRANDING CREATIVE MARKETING & COMMUNICATIONS PR SALES ADMINISTRATION UNDERSTANDING THIS GUIDE TALK TO US 15 16 17 18 19 20 21 22 23 24 MANAGING DIRECTOR’S LETTER. Welcome to Morgan McKinley’s UAE Salary Guide 2012 Welcome to our annual UAE Salary Guide for 2012. Firstly I’d like to outline the methodology we have used in compiling this market intelligence. It is not intended to be a holistic guide to every job in every sector. Rather, it is a snapshot of the most popular positions from midmanagement level upwards within our four specialist divisions: Banking & Financial Services; Accountancy & Finance; Technical and Sales, Marketing & Support. It should be acknowledged that in order to arrive at these results we have accounted for a number of dissenting criteria, including job title; company; nationality; relocation packages; geographical dispersion; bonus sizes; longevity in the market and competitive edge. Job opportunities are up across the board on 2010 and 2009 numbers but still 40% down on 2011 for the same time of year. Abu Dhabi in particular...
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...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 the company as it expands to an international market. I used several resources in establishing my analysis. The Central Intelligence Agency’s World Factbook, the U.S. Department of State, Embassy of the United Arab Emirates, UAE Interact, and Every Culture were all very helpful in answering my research questions. Thank you for choosing me to conduct research into the United Arab Emirates....
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...Banks to Define SMEs 2.1.4 UAE Definitions of SME 2.2 Current overview of SME prevalence in Abu Dhabi/UAE 3.1 Scale of SME Finance in the UAE 3.2 Supply of Finance by Type 3.3 Sources of Finance 3.4 Stakeholder Mapping 3.5 SME Access to Finance Process 3.6 KPIs / metrics and baseline data 4.1 Key Findings – Supply Side 4.2 Key Findings – Demand Side 5.1 International Research Findings on Key Obstacles to Improving SME Access to Finance 5.2 Critical Success Factors to Improving Access to Finance for SMEs 6.1 Leading Practice SME Ecosystems: Singapore and the United Kingdom 6.2 Key Lessons Learned for the UAE 6.3 Detailed Review of Leading Practice and Regional Comparator Ecosystems 6.3.1 Singapore 6.3.2 United Kingdom 6.3.3 Jordan 6.3.4 Qatar 7.1 The core issues 7.2 n overview of the opportunities for KF and other (public and private) entities to A support SME access to finance in Abu Dhabi / UAE 7.2.1 Legal and Regulatory Transparency 7.2.2 Access to information 7.2.3 Capacity Building 7.2.4 Diversify SME Financing Mechanisms 7.3 Criteria 4 5 5 6 6 6 7 7 7 8 8 8 9 10 10 11 12 13 14 15 16 17 18 22 22 22 24 24 24 25 25 28 31 33 35 35 35 40 40 41 41 41 42 46 2. SMEs – overview of current activity (‘the demand’) 3. Finance for SMEs – overview of current activity (‘the supply’) SME Financing in the United Arab Emirates www.khalifafund.ae Table of contents 4. Issues and Gaps in the UAE SME Ecosystem 5. Areas Government...
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...TAX Expanding your horizons? A guide to setting up business across the Middle East and North Africa region KPMG E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region Contents Pages Introduction 1 Algeria 3 Bahrain 8 Egypt 12 Iran 17 Jordan 20 Kuwait 23 Lebanon 26 Morocco 30 Sultanate Of Oman 36 Qatar 41 Kingdom Of Saudi Arabia 47 Sudan 51 Syria 55 Tunisia 58 United Arab Emirates 62 Yemen 66 E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region Introduction The Middle East / North Africa (“MENA”) region is one exemplified by inherent diversity. Such variation is widely demonstrated in the array of culture, language, geography and economics. Stretching from Morocco to Iran, each country has its own distinct makeup of natural resources and global outlook. As an inevitable result, political and economic events of recent decades have affected the representative nations in dramatically different ways. Certain countries have enjoyed the benefits of significant natural resources (e.g., substantial oil reserves) while others have undergone political changes that have seen their respective...
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...CSR in UAE The UAE is among the countries in the region most interested in social welfare, through the provision of various public services aimed at maintaining an advanced level of social and economic stability. This has included the provision and development of infrastructure and municipal services, education and health. With the economy of United Arab Emirates galloping at an impressive pace, many corporations are turning their attention towards Corporate Social Responsibility (CSR) initiatives. This is a significant departure from the ideology that businesses should focus on profit maximization. Instead, today's CSR is an opportunity for companies to become socially responsible and contribute positively towards the society in which they operate. Corporations based in the UAE have also joined the bandwagon of CSR initiatives to build community relations and undertake corporate social marketing projects. Managers in the Emirates demonstrate a high level of social responsibility awareness and expect the organizations to behave in a responsible manner to protect the interests of communities. A company's involvement in such initiatives is viewed as an investment rather than a cost to preserve the environment, promote fair treatment of employees and show concern for the customer. Companies in the Emirates are now using the social responsibility consideration to make investment decisions and win new business. These initiatives are used as a way to develop and strengthen relationships...
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...culture in the UAE The elements and dimensions of culture include communication (language), religion, ethics, values and attitudes, manners, customs, and social structures and organizations. The understanding of these principles, relative to culture, is imperative to the success of international businesses, marketing scholars, and practitioners alike. Within this insight lies approved goals and objectives to meet the needs of merchants and consumers internationally. Social Structure of the UAE The UAE is one of six members belonging to the Gulf Corporate Council (GCC). It is also a member of the United Nations (UN), International Monetary Fund (IMF), Oil Product Exporting Countries (OPEC) and the World Trade Organization (WTO) (Rees, C. J., Mamman, A., & Braik, A., 2007). Compared to other nations in the Middle East, the UAE is regarded as the most politically stable (Akoum, 2008). After declaring its independence from British parliament in 1971, the UAE formed a federation of seven independent emirates (Akoum, 2008). Those emirates are: Abu Dhabi, which is the largest city and capital of the UAE, Dubai, Sharjah, Ajman, Umm Al Qaiwain, Ras Al Khaimah, and Fujairah. Governed by Hereditary rule, each emirate consists of a Sheikh from the supreme council of rulers who work alongside a Crown Prince and a deputy ruler (Rees, et. al., 2007). These rulers control general policy and federal laws. Values and attitudes In keeping with Islamic tradition, families in the UAE share the...
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...THE UAE LIFESTYLE 1. INTRODUCTION The full meaning of U.A.E. is United Arab Emirates. The U.A.E’s form of government consists of a federation of seven emirates along the eastern coast of the Arabian Peninsula, with one advisory body. Its head of state is Sheikh Khaleefah ibn Zayid Al Nahyan, and it’s head of government is known as his excellency, Sheikh Muhammad ibn Rashid al-Makhtoum. The capital of UAE is Abu-Dhabi, which is the largest of these emirates and it covers more than three-fourths of the federations’ total land area. Abu-Dhabi is the centre of the UAE’s oil industry. UAE’s official languageand religion is Arabic and Islam. Dubai, which is also part of the seven emirates is the centre of commerce and finance, and it houses hundreds and hundreds of multinational corporations in a pool of skyscrapers. The other emirates of the UAE which are smaller than Abu-Dhabi and Dubai, are Sharjah, Ajman, Umm al-Quwayn, Ras al-khaimah and Al-Fujairah. The population of the UAE is almost 90% filled with expatriates from Asia; constituting the largest of these groups, Africa, and Europe and other Arabians. 2.1. RESEARCH OBJECTIVE It didn’t take long to find out why expatriates did not want to leave this amazing country, called the United Arab Emirates. The reason for this research is to: * Explore on the country’s lifestyle, its way of living, why people from other countries find it very comfortable here, despite its high standard of living. The main reason...
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...Abstract Compensation Regulations in United Arab Emirates and USA In the Middle East which makes more headlines for wars and security issues the United Arab Emirates has managed to turn itself into a hub for business, career opportunities and life style. Dubai International Airport edged out London's Heathrow to become the busiest airport globally for international passengers in the first quarter of 2014. Dubai's main hub handled 18.4 million international passengers in the first quarter compared to 16 million passengers handled by Heathrow. Also, according to the MasterCard Global Destination Cities Index, Dubai jumped ahead of New York and Istanbul, to move from seventh place in 2013, to be named the fifth most popular city in the world for international travelers. The emirate is estimated to receive almost 12 million overnight international visitors in 2014, up 7.5% from 2013. In addition, the Dubai Financial Market (DFM) is up 46.5% YTD making it one of the best performing stock markets globally. Therefore in a global marketplace and when it comes to attracting talented employees the UAE is faring well. It was voted 3rd preferred country for UK expatriates (after Canada and Australia), and happiest place in the Arab world to live (and world’s 14th happiest place overall). (Awad, 2014) The United Arab Emirates is a monarchy initially known for its oil and has grown into both an oil and trade capital for the Middle East is located is a country located in the...
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...Ain is an attractive destination for many visitors, and has a range of unique and diverse attractions. While the comments here are concentrated on the wildlife park future, it should always be remembered that wildlife park sits in the wider context of tourism and leisure activities and the intangible, emotional attributes of Al Ain such as the unique combination of atmosphere, culture and Al Ain history. Government support: Abu Dhabi economic vision 2030 outline the economic diversification plans of Abu Dhabi Government to be away from overdependence on hydrocarbon industries. The company is being given 2.6 billion US dollars to be transformed into Al Ain wild life park and Resort. Continuous political stability in UAE attracting businesses to invest in UAE. This project is a chance for everyone to invest. Partnership agreements with international and regional organizations are another advantage for AWPR. The agreements further reinforce Al Ain Wildlife Park & Resort's commitment to partnering with conservation organizations both regionally and internationally. The agreement includes an animal and plant exchange program. As part of a major expansion, Al Ain Wildlife Park & Resort is developing a world desert habitat featuring the animals and plants. AWPR has a lot of partnerships and agreements such as: * Exclusive agreement with San Diego Zoo was a huge benefit to the Al Ain wildlife park & resort which is the one of the world's largest and most progressive...
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...Training Needs Analysis 2009 Brunel University Brunel Business School “Training Needs Analysis (TNA): A case study of the Abu Dhabi Police” Student Name: ALI GHUFLI Student no: 0733693 Doctoral Symposium March 23 & 24, 2009 1 Training Needs Analysis 2009 “Training Needs Analysis: A case study of the Abu Dhabi Police” Abstract Abu Dhabi Police is one of the most challenged organisations among all public sector organisations in the Emirate of Abu Dhabi in the UAE. The Abu Dhabi Police therefore consider that their employees should have the ability and the confident to cope with critical situations. Existing literature regarding Training Needs Analysis (TNA) shows that most studies conducted on TNA practices were done overseas. Due to cultural differences, these findings might not reflect similar descriptions regarding TNA practiced in the Middle East, and specifically in the UAE. So, this research aims to investigate the nature of Training Needs Analysis within the context of the Abu Dhabi Police and the impact of TNA on organisational performance. To achieve this questionnaires and interviews will be carried out in the Abu Dhabi Police. 2 Training Needs Analysis 2009 Introduction The Abu Dhabi Police is one of the most challenged organisations among all public sector organisations in the Emirate of Abu Dhabi in the UAE. Also, the police are one of the most diverse forces and need to be very focused, active and effective, and...
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...Al Ain Dairy: market expansion Melodena Stephens Balakrishnan Melodena Stephens Balakrishnan is an Associate Professor (Marketing) in the Faculty of Business and Management, University of Wollongong in Dubai, Dubai, United Arab Emirates. hashi Kumar Menon, the chief operating officer of Al Ain Dairy was at their launch of the new product Long Life Juice in Dubai on 16 July 2010. To a room full of media and interested stakeholders, he explained the company’s upcoming six month plan. Al Ain Diary was UAE’s largest dairy company by market share but now wanted to replicate their success in dairy in both the regional market and the fruit juice market. There were challenges: increasing production capabilities; product innovation (increasing shelf life); the supply chain management (dairy especially needs to be transported at a 48C condition and there is a need for access to a steady supply of fodder); and brand building in newer markets. Shashi needs to prioritise what new products they want to move into (options include related lines like cheese); assets they need to acquire (manufacturing); and what future skills they need to develop to meet the regional challenge. There is a three to four year time frame to prioritise these objectives as the markets are still in recession. Shashi says about their vision for the future: S We are very much a local company and would like to be seen as regional at least in the Khaleej [GCC Countries], if not beyond ....
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...Progress Report / Project / Presentation Course Title: Business Communication Course Number: BSG – 306 Number of Credits: 3 – 3 – 0 Pre-requisites: BSG – 201 and ENL – 102 Name of the Professor: Dr. Naseer Khan, naseerkhan@agu.ac.ae Class Timing: 13.30 to 14.45 hours on Monday and Wednesday 19.30 to 20.45 hours on Sunday and Tuesday Sections: 51 Morning and 1 Evening Hand in date: Progress Report – 24.10.2012 Final Project – 31.10.2012 and Presentation – 28.11.2012 Hand out date: 23rd September, 2012 Hand in time of presentation: Hard copy Project Number: ONE Allocation of Marks: 15 (Progress Report 5marks, Final Project 5marks and Presentation 5 marks) Note: Copying from any source will be awarded zero Name of the student: Id. #: Name of the Project: “Business Communication Issues in an Organization” Introduction: The aim of this Project is to introduce you to the subject of Business Communication and how it is practiced in the real business / organization. Business Communication is the back bone of any organization to survive and grow...
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