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km…..population of three million inhabitants in 2000” (202). However, out of the total population of the UAE, over half are non-nationals.
With the discovery of oil, the economy of the United Arab Emirates was transformed from an unreliable economy that relied on agriculture, pearling, and fishing, to a high income economy based mainly on oil production. Although there were challenges and opportunities that came with the transformation of the United Arab Emirates economy, its government has succeed in utilizing the opportunities and confronting challenges. President Sheikh Khalifa Bin Zayed Al Nahyan of the United Arab Emirates is working hard to maintain the economic progress that was established by the nation’s first president (Al-Abed, Hellyer, and Vine 71). The first president of the UAE established an economic reform and liberalization programme, which was high approved by principal international bodies.
According to Al-Abed, Hellyer, and Vine, due to the development of the UAE oil sector, and growth in other sectors of the nation’s economy, there is continued advancement in the real Gross Domestic Product growth of the UAE (71). Liberal economic policies have helped in maintaining sustained economic growth in the UAE, and the UAE government continues to focus on these policies for future sustained growth. Apart from the oil industry, the UAE government has continued to pay attention to the shipping, tourism, media, financial and commercial services, industries, and the manufacturing sectors of the UAE economy that have contributed to economic growth in the emirates.
The economic development of the United Arab Emirates began in the 1970’s. In 1989, the real GDP growth was 11%, standing at 33.7 billion US dollars (Federal Research Division 74). In 1991, crude oil production increased, consequently increasing oil and gas exports. The level of imports for
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The paper will also focus on the concept of the economic diversification by identifying ways through which diversity contributes to the economy. Growth of the oil and non-oil sector for a period of ten years will be discussed, in way that facilitates understanding of contribution made by these sectors to the economy of UAE.
According to the paper, international laws in the UAE and Qatar considerably improved according to the world standards during past few years. The two countries gained economic profits by liberalizing the international trade regulations and labor migrant laws. The traditions of the UAE and Qatar face challenges in a rapidly globalizing environment.
Thereon, the strengths and weaknesses in the economy of UAE have been addressed in this study. In this context, the discussion concentrates upon the drivers of economic performance in UAE taking into account its Gross Domestic Product (GDP) performances, inflation rates, population rate, unemployment scenario along with the Balance of Payment (BoP) aspects.
However, his work was brought forward by a friend of his, Richard Price, after his death (Bayes’ theorem, trinity.edu). Bayesian theory has been used in the development of several other models in which the participants may be concerned with determination of other growth concepts.
The findings will be followed by the discussion and justification of the primary findings with that of secondary findings.
Findings 2.1. Usage of Social Media From the primary findings, it has been found that all selected federal departments of United Arab of Emirates’ Government uses social media to engage with the general public.
The study in this field reveals various issues and challenges in the higher education sector in the economy of UAE. The challenges lay in the areas of enrolment and attainment of higher education by the students. The low quality of teaching at the school level lies at the underlying root of the problem of enrolment in higher education. The various issues of drop out of the male students as compared to the female students have been examined.
The culture and social life of the people of United Arab Emirates can be broadly classified into two distinct phases: the first phase is the pre-oil economy era in the years before 1960 when oil was not discovered. Since economy has
Prior to the discovery of oil, 70% of UAE’s populace was involved in pearl collection and fishing, with the rest, or 30% involved in agriculture, handicrafts and construction of wooden boats (Elhiraika and Hamed 2-3). The
One the main reason for the formation and eventual enactment of the labor laws is the frustration and abuse of humanity that was witnessed in the industrial revolution in which employees worked for longer hours without commensurate pay (Elliott, and Freeman, 2006).
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