PowerPoint Presentation

UNITED ARAB EMIRATES (Pestle Analysis)

Presented By:- Group 9 Yuti Sharma Naveen Mehta Nitin Dass Saif Aijaz Rohit Sethi

HISTORY The first human settlement in thehistory of Dubaiwas in approximately 3000 BC, when the area was inhabited bynomadiccattle herders.

The area was sustained byfishingandpearl divingfor a thousand years, with the first records of the town being made in 1799 when theBani yasclan established it as a dependency ofAbu Dhabi.

In 1966,oilwas discovered in Dubai, which changed the country beyond recognition and led to Dubai becoming the vibrant, modern, business-centred city-state it is today.

POLITICAL Each Emirate has its own governmental institution.UAE Federal GovernmentPresident of UAE: Sheikh Khalifa bin Zayed Al Nahyan It is governed by a Federal Supreme Council made up of the seven emirates .Dubai shares legal, political, military and economic functions with the other emirates within a federal framework, although each emirate has jurisdiction over some functions such as civic law enforcement and provision and upkeep of local facilities UAE has been a WTO member since 1996, giving it access to newer markets and helping removal of the barriers to exports.

POLITICALThere is no difference between the residents and non-residents as far as taxation is concernedIndividuals are not taxed in UAE Dubai's government operates within the framework of a constitutional monarchyLabour lawEnvironmental lawDubai became the first emirate within the UAE to open its property market to foreign ownership, followed by Abu Dhabi.

ECONOMICCurrency: Emirate dirham (Dh or AED)Exchange Rate: Dh3.67 per US dollarOil exports: 2.2 million barrels of crude oil/day,3rd largest exporterIncrease in spending for infrastructure and job creation.Free zone : strongest pillars of the countrys diversification strategyThe UAE economy is expected to reach US $448.6 billion by 2017, with a CAGR of 5.15% over the next five yearsGDP: $570billion,4.3%Inflation : 2.80%FDI Inflow: $9.6 billionPublic Debt: 17.6% of GDP

ECONOMIC(cont.)Dubais main revenues are from tourism, real estate and financial services. Revenues from petroleum and natural gas contribute less than 6%of Dubai's economy. Dubai's foreign debt is estimated at apprx. USD 100 bn.Customs duties are low at 4% with many exemptions, ,100% repatriation of capital and profits is permitted.No foreign exchange controls, No trade barriers or quotas,Competitive import duties (4% with many exemptions)Dubai ranks 22 according to ease of doing business indexThere are no direct taxes on corporate profits or personal income

socialLanguage: ArabicReligion: Islam; practice of all religious beliefs is allowed.Male : Female = 2.2 : 1.Dubai is the most populated Emirate with 35.6% of the UAE population. literacy rate: 77.9%Women are seen as equals and are protected by rights and privileges laid down by Islam.Population:9.2 million Dubai is the only emirate that has Hindu temples and a Sikh gurudwaraThe culture of the UAE has a diverse, cosmopolitan and multicultural society.

Technological

Zero Carbon City : Renewable energy, sustainable environmentGulf Information Technology Exhibition one of the 3rd Biggest exhibition of its kindThe IT software industries and internet usage in the gulf region is double the rate of Europe.Dubai has a network of seven industrial areas, one business park and three highly successful, specialized free zones of international distinction, two world class seaportsDubai is served by over 120 shipping lines and linked via 85 airlines to over 130 global destinationsThe city has a free flow tolling system so drivers are automatically charged at toll gates using Radio Frequency Identification (RFID)

LEGAL

Discrimination law:-UAE's criminal and civil courts apply elements of Sharia law, codified into its criminal code and family law, in a way which discriminates against women.

Consumer law:- It is essential for the customers to ask for the detailed prices and charges against all the handymen services provided by a company.

Antitrust Law: It aim to prohibit and penalise anticompetitive agreements, abuse of dominant position within a given market and provides a framework for merger control and regulation .

Employment Law:- Most jobs in Dubai have a probationary period of between one month and one year. Some say the law says no, but people have successfully resigned from their jobs at short notice during probation.

Health and Safety Law:-The Dubai Municipality also regulates the emirates environmental code. These regulations differ for each industry and cover topics such as hazardous waste, environmental permits for different sectors, the import of dangerous goods, and environmental building codes.

LegalLegal procedures in UAE a normally time consuming There are two types of courts in UAE one which is looking after criminal commercial and civil issues called secular courtsThere is another type of court called Islamic court which looks after family and religious matters.All the seven emirates of UAE have different laws and governing bodiesThere are no juries; only a single judge or a three-judge panel (depending on the case) hears case

ENVIRONMENT UAEhas a tropicaldesert Climatebecause of its location within the Northern desert belt. Summers are extremely hot and humid,with an average high around 40C (104F) and overnight lows around 30C (86F). Most days are sunny throughout the year. Winters are warm and short with an average high of 23C (73F) and overnight lows of 14C (57F). Rain reaching 150mm (5.91in) per year. Most of the rainfall occurs in the December to March period. Arid/tropical, sandy desert, and coastal areas.

DEMOGRAPHICUAE's declaresIslamthe official state religion of the UAEPopulation:9.4 millionDubai is thesecond most expensive cityin the region and 20th most expensive city in the world10-15% of the population of the emirate was made up of ArabUAE nationalsArabic is the national and official language of the United Arab Emirates.English is used as a second language.