Nightscape of the high-rise section of Dubai, Unitd Arab Emirates.
| Source | Flickr |
| Author | .EVO. from UAE |
UAEBusiness.com (United Arab Emirates Business)
Very Strong Brand.
Prestigious International .COM domain name.
Great for B2B directory (paid membership, example 10,000 registered companies on B2B website can bring $1,000,000 each year ($100/year for 1 member) ), news website, trading platform etc.
From Wikipedia.org:
Economy
The UAE has a relatively high Human Development Index among Asian continent, ranking thirtieth globally.[87] In 2011, UAE is ranked as the 14th best nation in the world for doing business based on its economy and regulatory environment, ranked by the Doing Business 2011 Report published by the World Bank Group[88]
The GDP growth rate for 2010 was 3.20%.[89] CPI inflation in the April 2008 — April 2009 year was 1.9%.[90] The national debt as of June 2009 was $142 billion.[91] In 2009, its GDP, as measured by purchasing power parity, stood at US$ 400.4 billion.[3] With a population of just under 900,000 Abu Dhabi was labeled “The richest city in the world” by a CNN article [92][citation needed].
Petroleum and natural gas exports play an important role in the economy, especially in Abu Dhabi. More than 85% of the UAE’s economy was based on the exports of natural resources in 2009.[3][93] The UAE has tried to reduce its dependency on oil exports by diversifying the economy, particularly in the financial, tourism and construction sectors. While Abu Dhabi remained relatively conservative in its approach, Dubai, which has far smaller oil reserves, was bolder in its diversification policy.[9]
Emirati law does not allow trade unions to exist.[94] The right to collective bargaining and the right to strike are not recognised, and the Ministry of Labour has the power to force workers to go back to work. Migrant workers who participate in a strike can have their work permits cancelled and be deported.[94]
The UAE’s economy, particularly that of Dubai, was badly hit by the financial crisis of 2007–2010.[95] In 2009, the country’s economy shrank by 4.00% and the property sector and construction went into decline. However, tourism, trade and the retail sector have remained buoyant and the UAE’s overseas investments are expected to support its full economic recovery.[89] Concern remains about the property sector. Property prices in Dubai fell dramatically when Dubai World, the government construction company, sought to delay a debt payment.[96] The ability to service debt remains a problem.[97] Abu Dhabi gave Dubai a $10bn handout – $4.1bn of it to bail out Dubai World.[9]
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March 1st, 2013 at 4:47 am
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