Download or read book Uae and Globalization Attracting Foreign Investments written by Nadeem Uz Zaman and published by GRIN Verlag. This book was released on 2011-10 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2011 in the subject Business economics - Trade and Distribution, course: Economics, International Trade, language: English, abstract: This document has reported the influence of globalization on the Unites Arab Emirates, especially those markets of it that are developed by the globalization. The globalization has increased the share of countries in the total exports and imports in the world. The government in UAE has been participating actively in the globalization since the realization that merely oil and gas resources will not be the guarantee for prosperous future. Thus, myriads of adjustments are required in the in the economy focusing on how to the cope with the latest demands and offer the best possible opportunities and facilities to foreign investors.

Download or read book An Analysis of Foreign Direct Investment in the United Arab Emirates written by Sultan Ahmed Al-Jaber and published by Emirates Center for Strategic Studies and Research. This book was released on 2008-10-14 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most significant challenge the UAE currently faces is the switch from the traditional approach toward luring FDI, to a modern dynamic approach. The former involves relying heavily on free zones, with additional, specific privileges offered to FDI. The new approach would require providing foreign investors with a generic environment conducive to attracting high quality FDI. The UAE needs to undertake a comprehensive review of its FDI regime. This suggested approach does not consider that the most effective instruments of attracting FDI are tax concessions or other types of foreign investment preferential treatment. Rather, it suggests that a reasonable, transparent, and stable tax system is necessary to attract modern FDI; extremely low tax rates and/or special treatment are not. As this analysis shows, an absence of any tax is not a major determinant factor of FDI in the UAE. Legislation that promotes UAE investment and regulates foreign investment needs to be enacted. This legislation should provide foreign investors with a more stable and certain investment climate and further open the UAE up to foreign investors, which in turn would provide economic benefits (such as increased productivity or technology). Agent requirements, the Commercial Law, and residency requirements should be revised urgently. Simultaneously, while considering easing most of these restrictions, the UAE government should eliminate specific privileges offered to national companies. FDI policy should be enhanced by an FDI legal framework, in line with the best international practice, with enforceability of contracts and property rights. The UAE government should reformulate the FDI regime towards FDI, not only because of the urgent need to make its current regime more competitive in attracting significant FDI inflows but also to meet the UAE’s international commitments (WTO negotiations), and because the FDI regime has, in practice, failed to use the economy’s potential efficiently. Special federal legislation is needed to maintain a corruption-free environment, including all the necessary administrative and judicial procedures to be enacted and applied at both the federal and the emirate level. The UAE should shift from restricting 100 percent ownership to ‘administered ownership’ – under which 50 percent to 100 percent ownership is permitted – subject to the potential technology transfer, type of activity or firm and the training provided to UAE nationals. A unified ownership and taxation regime across the UAE is needed to attract more FDI, stimulate exports and improve the efficiency of the UAE economy. Finally, longer-term or permanent visa permits for qualified professionals and foreign investors in specific sectors are recommended, based on project type or qualifications.

Download or read book Foreign Direct Investment in the UAE written by Sophia Qasrawi and published by Emirates Center for Strategic Studies and Research. This book was released on 2004-07-27 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment (FDI) in a country can mean the difference between wealth or poverty, growth or stagnation. A survey of 101 Transnational Corporations operating in the United Arab Emirates (UAE) aimed to provide insight on the incentives for foreign investors to operate and invest in the UAE business environment. The findings suggest that the main reasons for their decisions to invest are, in a decreasing order of importance, political stability in the UAE and telecommunications (92 percent), the availability of banking services (87 percent), no tax (83 percent), regional potentially profitable operations (77 percent), the fact that English is spoken widely, and 100 percent repatriation of profits (75 percent). The main disincentives or barriers to FDI are perceived to be, in decreasing order of importance, the limitation of 49 percent ownership on foreign investors (69 percent), regulations on the foreign ownership of real estate (57 percent), the UAE's agency law (34 percent), government red tape (33 percent), and government charges and fees (21 percent). Views on these disincentives are less strongly held, ranging from 69 to 21 percent of all respondents. However, a growing interest by global companies to expand their investment beyond national frontiers is being constrained by the above-mentioned factors. Other barriers mentioned by the respondents were the ambiguity of labor law, which incurs potential costs for foreign investors, and the limitation of three-year work permits granted to professionals, which deprives the UAE economy of some well-qualified people. Most respondents thought that a combination of two or more factors, not any single factor, was important as a barrier or disincentive to FDI in the UAE. The following proposed FDI policy for the UAE was developed: Certain industries are recommended for the UAE: fashion, water sport, filming, marine products, pharmaceutical subsidiaries, maintenance, transport, cargo, temporary storage, manufacturing of cosmetics, tourism and leisure, financial support services (e.g. rating agencies), health care, hospitals, universities, electronics, construction consultancies, process engineering and telecommunications. A part of the oil sector should be made more competitive by opening it to participation by UAE nationals and not only to the UAE's government. The government should preferably also waive the 51 percent limitation on ownership for related foreign investment projects, subject to the number of UAE employees, training provided and type of project; impose a flat rate of five to eight percent corporate tax at a national level and abolish the UAE offshore and onshore system; encourage transparency in labor law; provide longer or permanent visa permits for qualified professionals and foreign investors in the sectors recommended above, based on capital flow, project type or qualifications; focus on developing the specialization in specific skills among UAE nationals in order to offset the lack of endowment in human capital; issue longer-term work permits for skilled labor and other required categories; impose restrictions on work permits for unskilled labor; create a short-term marketing strategy aimed at promoting the UAE as an investment destination; prioritize the involvement of local elements in the activity of firms to promote backward linkages; and promulgate an investment law to regulate the relationship between foreign investors and the government.

Download or read book Abu Dhabi s Vision 2030 An Ongoing Journey Of Economic Development written by Linda Low and published by World Scientific. This book was released on 2012-05-21 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to tell the Abu Dhabi story in economic development, from its past dominance in oil to its economic vision for the future. More than being an exemplar of industrial restructuring and diversification from a resource-based to a 21st century knowledge-based economy and society, Abu Dhabi emphasises its cultural legacy and tradition as an environmental advocate for green and sustainable pathways. It has as many challenges as creative responses to show that its success is not by wealth alone. This case study unveils Abu Dhabi in particular and the rest of Arabic and GCC economic development in general. They have all attracted foreign investment and global business, typically as hydrocarbon-rich resource economies. Beyond that, the geoeconomics and geopolitics of the Middle East and North Africa, with or without the Arab Spring in 2011 is in and of itself, a rich region for multidisciplinary studies and research, not just for economics and business. With Qatar, Abu Dhabi boasts of one of the highest per capita income in the world; therein lies a reason to enquire about its success and pivotal role in the GCC and global contexts.

Download or read book UAE and Globalization Attracting Foreign Investments written by Nadeem Uz Zaman and published by GRIN Verlag. This book was released on 2011-09-28 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2011 in the subject Business economics - Trade and Distribution, , course: Economics, International Trade, language: English, abstract: This document has reported the influence of globalization on the Unites Arab Emirates, especially those markets of it that are developed by the globalization. The globalization has increased the share of countries in the total exports and imports in the world. The government in UAE has been participating actively in the globalization since the realization that merely oil and gas resources will not be the guarantee for prosperous future. Thus, myriads of adjustments are required in the in the economy focusing on how to the cope with the latest demands and offer the best possible opportunities and facilities to foreign investors.

Download or read book Doing Business with the United Arab Emirates written by Marat Terterov and published by GMB Publishing Ltd. This book was released on 2006 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation * Unique guide to one of the Middle East's main business and financial centres * Assessment of investment opportunities in the seven Emirates * Up-to-date guide to the regulatory and tax regime and the rules of business engagement * Profiles of the UAE's industry sectors and some of its most dynamic companies * Written by professionals with on-the-ground experience * Of interest to professional investors, international companies, analysts, consultants, law firms, banks, accountants, and business academics "Doing Business with the United Arab Emirates" is the definitive English language guide to investment potential, commercial opportunity and business practice in the seven Emirates. The fact that the UAE played host to the recent annual meeting of the Board of Governors of the World Bank and the International Monetary Fund, confirmed that the world's leading financial and business authorities clearly see the crucial importance of the UAE as a global business center. Despite the recent invasion ofIraq, international investment flows are still being encouraged into the region -- something that "Doing Business with the UAE" aims to promote concretely. The book also highlights that the UAE has now developed a highly sophisticated, forward looking economy and a society seeking to capitalize upon the unique assets at its command. With its progressive business environment, an increasingly diversified economy, modern infrastructure and sound legal system, the UAE is asserting itself as the primary location for business in the highly competitive Arab Gulf region. Endorsed by the Arab-British Chamber of Commerce Contributors include: Ahli United Bank, Al Masaood Group, Ernst & Young, EmiratesIndustrial Bank, BAe Systems, Hay Management Consultants, Cluttons.

Download or read book UAE How to Invest Start and Run Profitable Business in the UAE Guide Practical Information Opportunities Contacts written by IBP, Inc. and published by Lulu.com. This book was released on 2013-07-05 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: the United Arab Emirates: How to Invest, Start and Run Profitable Business in the United Arab Emirates Guide - Practical Information, Opportunities, Contacts

Download or read book The United Arab Emirates and Regulating Foreign Investment Incentive Competition written by Abdullah Nawafleh and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Attracting foreign investment has become increasingly competitive among governments worldwide in order to enhance their economies. In addition, governments are engaged in intense competition to sustain their existing business while at the same time trying to attract new ones by granting subsidies. These subsidies to business have become an issue of significant concern on a regional and international level. The main aim of my paper seeks to explore how the United Arab Emirates within its federal system could co-operate, to prevent subsidy races and adopt a union-wide regulation on subsidies. The paper suggests that the United Arab Emirates could regulate subsides by adopting the most substantial control method, which is embodied in the European Union Guidelines on Regional Aid.

Download or read book Foreign Direct Investment in the UAE written by Sophia Qasrawi and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Importance of Trade Openness and Inflation for Attracting Foreign Direct Investment in GCC Countries written by Hisham Mohamed Hassan and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the importance of trade openness for attracting foreign direct investment (FDI) inflows, for the GCC economies (Kingdom of Saudi Arabia, United Arab Emirates, Sultanate of Oman, Qatar, Kuwait and Kingdom of Bahrain) covering the period 1995-2018, using panel VAR model. It provides a direct test of causality between FDI inflows, trade openness, GDP per capita, and inflation. The main empirical findings of the panel analysis reveal that in the long run, trade openness contributes positively to the inflow of FDI in the GCC economies. The panel causality analysis shows that there is a unidirectional causal relationship running from trade openness and inflation to FDI, whereas no causality was traced with other variables.

Download or read book International Handbook of Globalization and World Cities written by Ben Derudder and published by Edward Elgar Publishing. This book was released on 2012-02-01 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook offers an unrivalled overview of current research into how globalization is affecting the external relations and internal structures of major cities in the world. By treating cities at a global scale, it focuses on the 'stretching' of urban functions beyond specific place locations, without losing sight of the multiple divisions in contemporary world cities. The book firmly bases city networks in their historical context, critically discusses contemporary concepts and key empirical measures, and analyses major issues relating to world city infrastructures, economies, governance and divisions. The variety of urban outcomes in contemporary globalization is explored through detailed case studies. Edited by leading scholars of the Globalization and World Cities (GaWC) Research Network and written by over 60 experts in the field, the Handbook is a unique resource for students, researchers and academics in urban and globalization studies as well as for city professionals in planning and policy.

Download or read book Inward FDI in the United Arab Emirates and Its Policy Context written by Wasseem Mina and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Inward foreign direct investment (FDI) is important in building a sustainable and diversified economy as envisaged by the United Arab Emirates (UAE). The UAE's stock of inward FDI (IFDI) grew at an average annual growth rate of 49%, from US$ 1.1 billion (1.5% of GDP) in 2000 to US$ 85.4 billion (23.7% of GDP) in 2011. Many foreign multinational enterprises (MNEs), including several Fortune 500 companies -- have established affiliates in the country. The rapid growth of IFDI reflects confidence in the UAE economy and efforts to enhance its competitiveness. The recent global crisis has, however, significantly reduced IFDI flows. Efforts are under way to speed up the ratification of a new foreign investment law, which removes several of the current legal barriers to FDI and offers foreign investors similar rights to those of UAE nationals.

Download or read book Country Branding and Public Diplomacy Attracting International Investors written by Dimitrios Kamsaris and published by GRIN Verlag. This book was released on 2021-11-03 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2014 in the subject Politics - International Politics - Topic: International relations, grade: 90.00, , language: English, abstract: For a country’s success, branding is obliged, that’s the reason that in the present book, we are going to explore what branding is and how a country can earn benefits in the most effective way. Branding nowadays is more than a logo, it signifies the emotional reaction a country can stimulate from its clients. Because, the brand is the set of perceptions that investors have about the country, branding is the set of actions undertaken to cultivate that brand. In order to compete more effectively in the global economy, the countries started using brand management techniques. In order for a country to attract global investors, the country needs to claim a divergent brand positioning in the minds of the investors. The most successful nations in the world have a clear image that helps them become irresistible to investors. Investors, far from just basing their decisions on functional advantages and opportunities, they invest in countries with a clear identity that shows commitment to its development in a professional way. A clear brand image for the nation helps to attract global investors in the international arena, sustain them and a halo effect will boost its products, tourism etc. As nations compete for investments in the global marketplace, the best way to achieve distinctiveness, attractiveness and even irreplaceability is to root the nation’s image on biological concepts that transcend time and cultures. Tools such as the Wheel of Motives leverage the advances in modern disciplines such as biology, neuroscience, cognitive science, bio - semiotics etc. can capture with precision the DNA of a country and build a true-to-self, authentic and irresistible strategy to attract investors. Branding is the way a country creates a favorable reputation through communication efforts. Country branding is the process of applying business branding techniques to stimulate countries. The main objective of country branding is to build and manage the reputation of a country. Facing the challenges of an increasingly complex world the existence of cultural commonalities and universal values all cultures share and intercultural sensitivity within groups surfaces the way for acceptance and tolerance of other cultures and allows members to be open to values which are universal among all groups, such as law and justice, which globalized society should then build upon together.

Download or read book Foreign Direct Investment in the World Economy written by Mr.Edward M. Graham and published by International Monetary Fund. This book was released on 1995-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.

Download or read book Foreign Direct Investment Statistics How Countries Measure FDI written by OECD and published by OECD Publishing. This book was released on 2004-01-27 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment Statistics: How Countries Measure FDI shows progress in recent years in moving toward compilation in accordance with international standards that have been established by the International Monetary Fund (IMF) and the ...

Download or read book Globalization for Development written by Ian Goldin and published by World Bank Publications. This book was released on 2006 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Globalization and its relation to poverty reduction and development is not well understood. The book identifies the ways in which globalization can overcome poverty or make it worse. The book defines the big historical trends, identifies main global flows-trade, finance, aid, migration, and ideas-and examines how each can contribute to undermine economic development. By considering what helps and what does not, the book presents policy recommendations to make globalization more effective as a vehicle for shared growth and prosperity. It will be of interest to students, researchers and anyone interested in the effects of globalization in today's economy and in international development issues."

Download or read book Globalization written by Martin Marmolejo and published by iUniverse. This book was released on 2012 with total page 813 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this day and age, we need globalization to substantially increase the world's quality of life, particularly for those several billion human beings who need it most. Fortunately, there is monumental room for improvement. With his vast experience in the subject, author Martin Marmolejo shows how today's global mind-set can become an ideal opportunity to raise ambitions, improve local attitudes, and adapt to new realities as long as the attitude is a positive one. In this ambitious work, Marmolejo covers the principal aspects of globalization by tackling several topics from a multi disciplinary angle-historical, geopolitical, economic, financial, philosophical, strategic, and social. Strand by strand, Marmolejo unravels a series of myths and unfounded fears about globalization and covers the main variables that influence the success or failure of this global economic integration. He delves into countries around the world and analyzes each society's main characteristics with its inseparable economic implications. In addition, Marmolejo addresses fundamental reflections on economic topics, with particular emphasis on the business cycle. Comprehensive and meticulously researched, "Globalization: Opportunities and Implications" is a timely addition to the important, ongoing discussion of this controversial topic.