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Compensation Regulations in United Arab Emirates and Usa

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Submitted By palhir
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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,"…...

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