Premium Essay

Compensation Regulations in United Arab Emirates and Usa

In: Business and Management

Submitted By palhir
Words 1757
Pages 8
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 southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar, Iran and Pakistan. In 2013, UAE's total population was 9.2 million; 1.4 million Emirati citizens and 7.8 million expatriates. Therefore expatriates account for approximately 84% of the population. ("United Arab Emirates - Wiki,"…...

Similar Documents

Premium Essay

United Arab Emirates

...UNITED ARAB EMIRATES ISU 6/1/2012 Mak'an Dakwal United Arab 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......

Words: 2316 - Pages: 10

Premium Essay

Adoption of Information Technology in E-Business in United Arab Emirates

...IEEE International Conference on e-Business Engineering A CASE STUDY: ADOPTION OF INFORMATION TECHNOLOGY IN E-BUSINESS OF UNITED ARAB EMIRATES Fahim Akhter College of Information Technology Zayed University Dubai - United Arab Emirates fahim.akhter@zu.ac.ae Keywords: Abstract: Electronic Commerce, Internet, Online Shopping, United Arab Emirates This research conducted to identify factors that affect e-commerce adoption among people of United Arab Emirates. The focus of this research is to discover at what extent security and privacy factors contribute to the adoption of e-commerce. This study has been designed to explore why online shopping is growing so fast among some users, and so slowly among others. 2051 questionnaires were distributed by using different media such as email and Internet to the subjects and received back only 21% questionnaires from respondents. The result shows that all of the independent variables played important roles in determining the adoption of e-commerce and created a gap between users who are adopting e-commerce and those who have not. The finding also shows that there are two significant factors, making an impact on the adoption of e-commerce, which are the user’s educational background and their understanding of security features implemented by the vendors. 1 INTRODUCTION The United Arab Emirates (U.A.E) has made major efforts to establish itself as an e-commerce hub in the Middle East region and established itself on a par...

Words: 2563 - Pages: 11

Premium Essay

Corporate Governance and the Role and Internal Audit Within Higher Education in United Arab Emirates (Uae)

...GOVERNANCE AND THE ROLE AND INTERNAL AUDIT WITHIN HIGHER EDUCATION IN UNITED ARAB EMIRATES (UAE) Why I am interested in this area I am working as Senior Internal Auditor in the Education Industry from last 4 years and for this reason, I consider it as a great opportunity to explore and research, that, any importance is available and provided in this aspect or not and what are the preventive and mitigating measures taken by the Institutions to overcome towards any shortfalls or problems. The term “Corporate Governance” is relatively new in this area and specially in the field of Education and it will not only be a great learning curve for me but will also help me understand the Industry practices, and for sure it will help towards my future development and getting more experience in this field. Introduction to the focus of study Similar to the counterpart of the industries, Educational institutes are facing increasing demand for accountability. Students for example requires a strong institutional commitment towards their future growth and quality teaching, agencies and donors requires assurance that institutions are contributing towards public good moreover they are also concern about the correct utilization of their funds/ donations i.e. are they being utilized according to their desires and requirements. For government and related agencies, they are concern with the implementation of regulations and other procedures. Alumni want an assurance that the......

Words: 2460 - Pages: 10

Premium Essay

Pest Analysis of the United Arab Emirates Economics

...UNITED ABRAB EMIRATES PEST ANALYSIS: POLITICAL: The stable political situation of UAE enough to attract almost any major financial institution that needs to invest. These financial institutions can assist in accessing capital markets emerging within the UAE economy. the banking system developed my emirates is a relationship based system of banking with the monetary policy and system capable enough to fulfill funding supplies of a later stage that may be equity leasing or loans (John, 2010). ECONOMIC: Out of three million population of UAE 60% of them are in the workforce. In the UAE economy the level of FDI is very high. Globalization has helped improve the UAE economy greatly by bringing in thousands of workers, services and products from throughout the world. UAE has been a member of World Bank, WTO and IMF for seven years. The country has huge wealth and has experienced trade surplus of approximately over 100 billion dirham in the past year (Tomlinson, 2010). SOCIAL: All of UAE citizens have high living standard, a western lifestyle and continues rising financial positions. The society remains free and open to all types of restaurants, tourism, sport and recreational activities. The multicultural nature of society and economy existing in UAE allows fir many of the foreigners to work there in well paid positions (Cateora and Graham, 2007). TECHNOLOGICAL: The UAE population comprise of young and extremely technologically knowledgeable professionals. The IT......

Words: 492 - Pages: 2

Free Essay

Economic Development of the United Arab Emirates, 1990-2040: Policies, Progress, Perspective

...Emirats, Dubaï. Primo, le commerce lui-même a connu un développement exceptionnel. Le port de Dubaï s’est hissé au 9ème rang mondial en volume avec 13,3 millions de EVP , ce qui en fait le premier port hors Extrême Orient. C’est le seul port à avoir résisté à la croissance des ports chinois et coréen au cours des 25 dernières années, surpassant dans l’intervalle les ports européens de Rotterdam, Hambourg, Anvers, Felixstowe et Brème, et les ports américains de Los Angeles, Long Beach et New York/New Jersey. Secundo, la création de la compagnie Emirates Airlines en 1985 répliquait pour les passagers et le cargo aérien la recette du port de Dubaï : une situation géographique centrale entre Europe, Asie et Afrique, et des investissements massifs et continus dans les équipements et infrastructures pour maximiser les effets d’échelle et bénéficier des dernières innovations techniques. Avec 22 milliards de dollars de revenus en 2014, Emirates serait la sixième ou septième compagnie mondiale. Son modèle d’affaire est copié par la Turquie, le Qatar, et même par l’autre grande compagnie aérienne des EAU, Etihad Airways. Tertio, l’hégémonie régionale de Dubaï dans le commerce international a conduit à une domination financière. En effet, il faut des banques pour gérer l’ensemble des capitaux qui transitent en parallèle des biens et personnes. D’autant que de nombreuses multinationales décident logiquement d’installer à Dubaï leurs sièges pour le GCC, pour le « MENA » (Middle-East......

Words: 3223 - Pages: 13

Premium Essay

Insurance Sector in the United Arab Emirates

...First: General Frame of the Insurance Sector in the United Arab Emirates: The Insurance Sector in the United Arab Emirates is organized by the Federal Law No. (6) of 2007 on Establishment of the Insurance Authority and Organization of the Insurance Operations which came into effect as on August 28th,2007 and the Board of Directors Resolution No.2 of 2009 on issuance of the executive regulations of Federal law No. (9) of 1984 of the said Federal Law and the issued and will be issued rules, regulations and resolutions according to the provisions of the Law. The Federal Law No (6) of 2007 on Establishment of the Insurance Authority and Organization of the Insurance Operations entrusted the Insurance Authority with the enforcement of the provisions therein and to undertake its role in supervision and control of insurance companies and other insurance related professions so as to provide a suitable environment for the development of the insurance sector, and to enhance its role in the security of individuals, properties and liabilities against risks, and to protect the national economy, build up, develop and invest in the national savings to support the economic development of the State and to provide better services in suitable prices and cover in a competitive environment, and to emirtize jobs in the insurance sector. Insurance Companies: 60 Insurance Companies; (34 national insurance companies and 26 foreign insurance companies). The number of companies......

Words: 463 - Pages: 2

Premium Essay

Economy of United Arab Emirates

...The Economy of United Arab Emirates The Economy of the United Arab Emirates is very unique in regards to transformation and growth. The country’s main economic source was always oil but now the country has become much more diversified and “71% of the country’s total GDP comes from non-oil sectors” (“Economy of the United Arab Emirates,” 2014). During the past thirty years, the country has gone through a complete economic shift. In the 1970s, The UAE was a poverty-stricken country but the economy grew quickly when oil was discovered and by 2009, 85% of the country’s economy came from oil exports. Since 2009, the government has been focusing more on growth of the economy in other areas such as tourism and international finance, especially in Dubai, but the city of Abu Dhabi still relies heavily on oil exports. The UAE is the world’s eighth largest oil producer and maintains a free-market economy. Economic growth in the UAE has been steady and continuous, except for a short economic downfall near the end of 2009, around the same time as many other countries, including the USA, were in a recession. Dubai was impacted the most, but “In December 2009, Dubai received an additional $10 billion loan from the emirate of Abu Dhabi” (“Central Intelligence Agency,”2014). The economy completely recovered with the help of high oil prices, increased government spending and a focus on tourism. The GDP of the UAE in 2013 was 269.8 billion and the income per capita was also......

Words: 313 - Pages: 2

Premium Essay

Emirates Airline

...9 -7 1 4 -4 3 2 JANUARY 29, 2014 JUAN ALCÁCER JOHN CLAYTON Emirates Airline: Connecting the Unconnected Introduction Late afternoon was fading to dusk as Tim Clark, President of Emirates Airline, gazed out at the large crowds mingling outside at the 2013 Dubai Airshow. Front and center at the event was the official program launch of the Boeing 777X, a massive new hit thanks to Emirates’ record order of 150 new planes. Valued at $76 billion at list prices, this was the largest airplane deal ever inked. Letting his thoughts drift, he noted, he imagined with pride these planes joining the collection of widebodied Emirates planes assembled on the tarmac of Dubai International Airport, ready to ferry passengers from Europe, Asia, Africa, the Americas and the Gulf to their respective destinations. This is the face of the global economy, he thought to himself, as he marveled at his company’s success. Emirates was indeed a global success story. In just twenty-five years the airline had grown to become the third-largest airline globally by capacity and the largest by number of international passengers.1 (See Exhibit 1). Twenty-three new routes were added in 2012 and 2013,2 and capacity growth was expected to increase by 18.4% in 2013 thanks to deliveries of new aircraft, including the new A380s deployed to over 20 destinations.3 Emirates anticipated that its meteoric growth would continue and was building its fleet accordingly: with 41 A380s integrated into its fleet thus far...

Words: 15156 - Pages: 61

Premium Essay

United Arab Emirates Business Report

...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 in the Arab Peninsula, the UAE is a well-established logistics hub providing access to markets in the Gulf, the Middle East, Africa, Eastern Europe, the Indian Subcontinent and......

Words: 3918 - Pages: 16

Premium Essay

Gender Equity in Workforce in United Arab Emirates

...According to World Bank, 60% (2014) of the high school teachers are females (Data.worldbank.org, 2016). Teaching is considered as a profession for females especially for kindergarten and high school teachers (almost 3/4 teachers are females) (Rich, 2014). On an average, Jobs controlled by women pay less compared to those with more men. Philip N. Cohen, a sociologist at the University of Maryland said that “We’re not past having a cultural devaluation of women’s work, So that if a job is done primarily by women, people tend to believe it has less value” (Rich, 2014). Professor of sociology, named Richard M. Ingersoll at the University of Pennsylvania examined data on education department on the demographics of teaching and he said “It will be less and less in their (males) head that this (teaching) is an occupation for males” (Rich, 2014). Christine L. Williams, a professor of sociology at the University of Texas, who studied the glass escalator, said that women are not very keen on having males entering teaching profession as they get promoted more rapidly into senior administrative positions than females (Rich, 2014). Teachers working in public schools in U.A.E., have two categories, Emiratis and expatriates. There is a surplus in Emirati women teachers in government schools. But there are restrictions by the government which forbids women to teach boys from 10th grade and which is why more Emirati male teachers are demanded but there are very few who are willing to do......

Words: 387 - Pages: 2

Premium Essay

Oil and the Recent ‟Dutch Disease‟ - the Case of the United Arab Emirates

...Oil and the recent ‟Dutch Disease‟ - The Case of the United Arab Emirates Report Submitted by: Amitava Manna Abstract: In economics, the Dutch disease is a concept that purportedly explains the apparent relationship between the increase in exploitation of natural resources and a decline in the manufacturing sector. The claimed mechanism is that an increase in revenues from natural resources (or inflows of foreign aid) will make a given nation's currency stronger compared to that of other nations (manifest in an exchange rate), resulting in the nation's other exports becoming more expensive for other countries to buy, making the manufacturing sector less competitive. While it most often refers to natural resource discovery, it can also refer to "any development that results in a large inflow of foreign currency, including a sharp surge in natural resource prices, foreign assistance, and foreign direct investment". According to the Dutch Disease core model a boom in natural resources will eventually lead to a shift of production between sectors: from tradable goods to non-tradable goods. United Arab Emirates has been a subject to any of the effects caused by the disease, due to the oil boom during the 1970s and the huge development that has appeared in the country. If the United Arab Emirates is be a victim of the disease, the decline in exports of the natural resource will result in a decline in the non-oil......

Words: 2213 - Pages: 9

Free Essay

Arab Students in Usa

...Latin Americans and Arabs do not share this attitude and think nothing of starting a business meeting late, or being interrupted during a meeting. * In low-context cultures, business meetings follow a precise, well-planned agenda, while in high-context cultures, time is initially spent deciding whether there is trust between the participants before focusing on the business at hand. * Age. Attitudes toward age differ by culture. In the United States, youthfulness is considered a virtue and young “fast-trackers” are nurtured, while in Asian and Arab cultures, age is respected and reflects a manager’s stature. * Education. A country’s formal education system transmits and reflects the cultural values of its society. Individualism is stressed in the U.S. education system, and education is available to everyone. In the U.K., however, education is linked to the class system, and an elite education is available only to a few. The text also provides examples of German, French, and Japanese attitudes toward education. * Status. Status in some cultures is inherited, while in others it is earned through individual achievements. How status is acquired affects job attitudes and performance. The text provides several examples of attitudes toward status and its effect on business. Abraham (1995) felt that the 1990 census estimate of 870,000 Arab Americans living in the U.S. (U.S. Bureau of the Census, 1990) is inaccurate, since some Arabs, suspicious of......

Words: 1379 - Pages: 6

Premium Essay

Alcohol Regulations. Europe, Usa, Russia

...Alcohol regulations. Europe, USA, Russia Introduction. Within my work I am going to review part of the countries’ legislation related to the existing alcohol regulations and existing polices, conventions and its development plans. Analysis will be based on the samples of different countries: Russia, EU (different countries) and United States. There are different areas of the existing alcohol regulations: risky environments, tax and prices, market restrictions and marketing control. All of them are more or less affecting business activities in different aspects. Applicability of this report: There are a lot of different types of businesses strongly dependent on alcohol sales or alcohol production worldwide. Moreover there are a lot of international corporations which has core business linked to operations with alcohol. To be able to operate their business on the different markets they have to consider different alcohol regulation in different countries in their business models before making market enter decision and follow existing rules and respective policies updates in daily operations. The examples of this business could be: 1. Producers or importers of alcohol beverages or cosmetic. Examples of corporations - Heineken, Diageo. Strong dependency of core business on alcohol regulation 2. Distributors of alcohol beverages or cosmetic within the country. Strong dependency of core business on alcohol regulation 3. Café, bars and......

Words: 4207 - Pages: 17

Premium Essay

Emirates

...General Information’s About The Airline Emirates is an airline founded in the Emirate of Dubai, United Arab Emirates. Based at Dubai International Airport it is the largest airline in the Middle East, operating over 2,400 flights per week, from its hub at Terminal 3, to 111 cities in 62 countries across six continents. The company also operates three of the world's ten longest non-stop commercial flights from Dubai to Los Angeles, San Francisco and Houston. Emirates is a subsidiary of The Emirates Group, which has over 50,000 employees, and is wholly owned by the government of Dubai directly under the Investment Corporation of Dubai. Cargo activities are undertaken by the Emirates Group's Emirates SkyCargo division. During the mid-1980s, Gulf Air began to cut back its services to Dubai. As a result Emirates was conceived in March 1985 with backing from Dubai's royal family, whose Dubai Royal Air Wing provided two of the airline's first aircraft. It was required to operate independent of government subsidies, apart from $10 million in start-up capital. The airline became headed by Ahmed bin Saeed Al Maktoum, the airline's present chairman. In the years following its founding, the airline expanded both its fleet and its destinations. In October 2008, Emirates moved all operations at Dubai International Airport to Terminal 3, a new terminal exclusively dedicated to Emirates to sustain its rapid expansion and growth plans. Emirates operates a mixed fleet of Airbus and......

Words: 503 - Pages: 3

Premium Essay

United Arab Emirates

...United Arab Emirates (UAE) Modes of Entry 1. Exporting -Indirect exporting means that the company does not deal with foreign customers or companies by itself but uses intermediates such as export companies, export agents, or export partner network to take care of all export activity. Indirect exporting should be taken into consideration if a company’s own prerequisites in international business are not enough and if the intermediate’s resources as well as the know-how benefit the company. This entry alternative has quite low risks for the exporter. However, indirect exporting is expensive since each intermediate takes their compensation and it adds up to the final price of the product. Other hindrances are the missed opportunities to develop relationships and a company might only have minor contacts to foreign markets and customers. (Vahvaselkä 2009, 73-74.) In direct exporting the company takes care of the exporting activity by itself. The company is in contact with the intermediates in the target market such as import agents, retailers, or brokers. It is essential for the company to know the markets, pick the agent or distributor carefully and posses the knowledge in marketing as well as exporting routines. Direct exporting requires professional personnel and a company’s own export organization as well as more risk taking and better exporting knowledge than indirect exporting. Benefits in direct exporting are shorter distribution channels, smaller distribution......

Words: 1940 - Pages: 8

Darth Vader | Play Movie | Smart Plus (1)