UAE- a STEEPLED and SWOT analysis

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SHIVENDR
Anit Patter
Phagun Agarwal
Siddharth Pani
Shivendra Sinha

As-Salaam
Alaikum





The United Arab Emirates were
bound by truce (Trucial States) to
Great Britain until WWII.
The seven Emirates formed a
federation in 1971 and have since
worked closely together to build a
stable economy and political
climate.









Dubai
Sharjah
Abu Dhabi
Ajman
Fujarah
Ra’s Al-Khaimah
Umm Al-Qaiwin

 Tolerant,

forward-looking people
 Strong sense of tradition.
 Language: Arabic
 Religion: Islam; practice of all
religion beliefs is allowed.
 16% Shi’a and remaining are Sunni.
 Male :Female Ratio:-2.2-1
 Illiteracy Rate:7%







Zero carbon city :Renewable
energy, sustainable environment .
Assistance and advice of
MIT(Massachusetts Institute of
Technology)
Gulf information Technology
Exhibition-one of the 3rd biggest
exhibition of its kind









Weaknesses in the UAE business culture Conflicts of interest among executives, breaches of minority shareholder rights and insider dealing.
UAE banks’ practices are unfair and unethicalHarmed many people, but it has also created a distortion in the socioeconomic policies of the country.
Corporate governance is still a new introduction for
the UAE.
Securities and Commodities Authority (SCA),
which was created 10 years ago, has been tightening
its laws and regulations as markets declined after the
financial crisis.

Enhance the Integrated
Water Resources Management
(IWRM) to ensure sustainability
• Enhance environmental sustainability
• Prevention of agricultural pests
and epidemic livestock diseases
• Enhance food safety and the sustainability
of the local production
• Ensure
that
administrative
services
provision is in accord with standards of
quality, efficiency and transparency








Divided into seven emirates which
are for the most part, autonomous
Supreme Council of 40 people
Federation of hereditary monarchs
Extensive foreign relations



Strong presence in OPEC and UN
Founder of Gulf Cooperation Council
(GCC)

Khalifa Bin
Zayed al• Emir of Abu
Nahyan
Dhabi
• Though not
required by the
constitution, it is
a hereditary
title.

Mohammed
bin Rashid alMaktoum

•Title historically has
always been of the
Emir or deputy ruler
of Dubai.
•Clan al-Maktoum








Sharia – Islamic law
The courts are divided into three – civil,
criminal, and Sharia
Punishments such as flogging and
stoning, and amputation
Apostasy, homosexuality are
punishable by law







Tax laws are few and clear
Investment is free
Establishing an entity: either in
mainland or in Free Zone
No guarantee of impartiality, according
to World Bank






49/178 in ease of doing business (2007
World Bank)
18/118 in 2008 Trade Rating Index
30/180 Transparency Index (Global
Competitiveness Report)

ECONOMIC HISTORY
• Till the 1950, pearls were the major
source of income
• Entry of cultured pearls
• In 1962, started exporting oil
• Infrastructure grew under Sheikh
Zayed

ECONOMIC

• Economy mainly reliant on oil – m
than 85% of economy on oil exp
• GDP of $403 billion, in 2014
• Currency AED (Arab Emirates
Dirham)

Source:UAE National Bureau of Statistics

EFFECT OF THE 2008
CRISIS

• Dubai suffered the steepest property
slump, Abu Dhabi, a steep market
slump
• Hundreds of projects abandoned
• Thousands of people left unemployed











Dubai – Shopping, infrastructure, tourism
Abu Dhabi – Oil and natural gas
Sharjah – Manufacturing, ports
Ajman – Manufacturing of food, beverages,
tobacco, leather, paper, etc
Fujairah – Shipping and free zones
Umm al Quwain – Cement, manufacturing,
tourism
Ras al-Khaimah – Mining, Free zone








88% of population is urban.
Population is 4.3 million
Religion : Islam
76% males
81% females...
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