Business in the Emirates

The objectives of the subject “International Trade and Business in the United Arab Emirates (UAE)” are the following:

1. To analyze the Emirati Economy and Foreign Trade
2. To know the business opportunities in the United Arab Emirates
3. To explore the Emirati trade relations with the country of the student
4. To know the Emirati Trade Agreements
5. To examine the profile of Emirati businesspeople and companies
6. To know the Emirati development funds
7. To develop a business plan for the Emirati market

The Subject “Foreign Trade and Business in the United Arab Emirates” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: Islamic Business, World Trade.

Masters: International Business, Foreign Trade.

ماجسـتير تنفيذي في التجارة الخارجية ،التسويق الدولي والتدويل

Languages: (or Emirats Emiratos).

1. Credits of the subject “Doing Business in the United Arab Emirates”: 2
2. Duration: two weeks

Transport and Logistics in the United Arab Emirates. Access to the:

1. India-Afghanistan Corridor
2. Kyrgyzstan-Iran Corridor
3. China-Pakistan Corridor

Emirati Preferential Access and Trade Agreements:

1. The United Arab Emirates and the Arab Economic Area
2. Gulf Cooperation Council (GCC)
   1. India-United Arab Emirates (GCC) Agreement
   2. EU-United Arab Emirates (GCC) Agreement
   3. Australia-GCC FTA
   4. EFTA-GCC
   5. Gulf Cooperation Council (GCC)-Singapore FTA
3. Indian-Ocean Rim Association
4. Islamic Trade Preferential System
5. Trade Agreements with India and the EU
6. Morocco-United Arab Emirates FTA
7. GAFTA

1. WTO
   1. Agreement on Sanitary and Phytosanitary Measures
   2. GATS
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. IRU
   1. TIR Convention
   2. Guidelines on Safe Load Securing for Road Transport
4. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
5. Customs Convention on Containers - not a member

1. Islamic Development Bank
2. Economic Commission for Western Asia (ESCWA)
3. OIC
   1. Committee for Economic Cooperation
   2. Islamic Chamber of Commerce
   3. Islamic Centre for Development of Trade
   4. Economic Centre for Islamic Countries
4. Arab League
5. Summit of South American-Arab Countries
6. Asia-Middle East Dialogue
7. Arab Trade Financing Programme
8. Arab Development Funds
9. Afro-Arab Cooperation
10. Arab Bank for Africa (BADEA)
11. Arab Gulf Programme (AGFUND)

1. Asia Cooperation Dialogue
2. UN
3. WB
4. WTO
5. IMF

1. The United Arab Emirates (UAE) is a constitutional federation of seven emirates; Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Qaiwain, Ras al-Khaimah and Fujairah
2. The United Arab Emirates federation was formally established in 1971
3. Emirati population: 5.8 million people
4. Emirati Currency: Dirham
5. The United Arab Emirates is an elective and Presidential Federal Constitutional Monarchy
6. Capital of the United Arab Emirates: Abu Dhabi
7. Largest city of the United Arab Emirates: Dubai
8. Area of the United Arab Emirates: 83,600 km²
9. Independence of the United Arab Emirates: 1971 (from the UK)
10. Official language of the United Arab Emirates: Arabic
11. Borders of the United Arab Emirates: Oman and Saudi Arabia.
    1. Maritime borders with Iran and Qatar

Religion in the United Arab Emirates:

1. Sunni Islam
2. Fiqh (Islamic Jurisprudence): Maliki

The United Arab Emirates belongs to the Arab Economic Area.

The economy of the United Arab Emirates is 62.8% free (63rd freest economy in the World - Heritage Foundation).

1. The United Arab Emirates is a Frontier Market
2. The United Arab Emirates (UAE) ranks seventh in the Middle East/North Africa region (MENA)
3. Notwithstanding the effects of the global financial crisis, the economy of the United Arab Emirates remains robust, protected by significant foreign financial assets obtained in the age of high petroleum revenues
4. Petroleum revenue of the United Arab Emirates represents a small proportion of the GDP
5. The Logistics sector of the United Arab Emirates represents 10% of the non-petroleum GDP
6. The Port of Dubai are the third largest re-export hub (after Hong Kong and Singapore)
7. The main economic sectors of Dubai are tourism, services (Information Technology, international logistics, and international finance)
   1. New Dubai International Financial Centre
8. The currency of the Emirates: UAE dirham (AED)

International Trade of United Arab Emirates.

As the leading regional international hub, the Emirate of Dubai offers access to a regional and local market of exceptional business potential for foreign companies:

1. A large market: 17 billion dollars in imports annually
2. A growing market: imports of Dubai have duplicate since 1989
3. A strategic location at the heart of one of the richest regions in the World, linked by 170 shipping lines and 86 airlines
4. A diversified market: business opportunities for products and services exporters
5. Dubai is an open market without exchange controls, quotas or international trade barriers

Dubai presents huge business opportunities for the international trade, transport and regional distribution, manufacturing, and regional branch.

EENI delivers to HRH Prince Alwaleed bin Talal a Master Honoris Causa.

(c) EENI Global Business School (1995-2023)
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