The rapid ascension of the UAE has resulted in rapid inflation in recent years. This has resulting in increasing operating costs for businesses. Moreover, viable land has become scarce, pushing the price of both it and capital assets skyward. This represents a significant challenge in terms of cost reductions and foreign currency exposure. The dirham, which is currently pegged to the U.S. dollar, may be subject to a free float in coming years in recognition of the country's emergence as a world economic power in its own right.
The social infrastructure of the UAE represents some challenges. Less than 20% of the population is native Emirati; thus the country is heavily dependent on migrant workers from other countries. Half of the population comes from the Indian subcontinent, and within the working age group 78.6% of the population is male, meaning workers have families in their home countries. The workforce will thus be multicultural...
Consequently, his observations concerning the business climate in Saudi Arabia with respect to the significance of religion in the Kingdom can be considered authentic. According to Indris, with respect to the perception of performance and contractual obligations among Saudis, "It should be noted that the issue is not with the belief itself but rather with people's misguided interpretations of the belief and Islam teachings. While Islam teaches that ultimate
Commercial Contract Law to Increase Oil Investment in Kuwait When it comes to the industries of natural resources and energy, the law of investment protection is particularly of great concern. According to the statistics of July 2013, it was revealed that 25% of the cases that have been registered with ICSID have addressed the issues concerning gas, oil and mining sectors. Moreover, another 12% of the cases are relevant to
A large body of literature has treated many different aspects of these influences on Asia, Europe and the United States (Busser & Sadoi, 2003). The importance of the study relates to the current trends taking place in Libya where aggressive steps have been taken in recent years to normalize relations with the international community. For example, Libya opened up its programs to develop weapons of mass destruction to international
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