Financial Sector in the UAE Essay Example | Topics and Well Written Essays - 1750 words

Financial Sector in the UAE - Essay Example Subsequent to that, financial sector, employment and UAE’s GDP have been elaborated. Then, monetary policy effectiveness has been included. Inflation is provided before the balance of payments; and, before the summary, trade has been described. Financial Sector of the UAE The financial sector works as the backbone of the UAE’s economy. The financial services sector plays a pivotal role and has significantly contributed towards the diversification of the UAE’s economic strategy. And, Abu Dhabi and Dubai’s financial sectors, which are the main contributors of the UAE’s economy, from 2007 to 2008, registered their contribution of 40.7% and 41.7 % respectively (KAMCO Research, 2011). However, the subsequent wave of the global financial crisis greatly affected the profitability of the financial sector and at the same time, credit conditions also shrunk to a considerable extent. And, this fact can be authenticated by the provided contribution of the finan cial sector in the year of 2007 was 7.1% and which declined in 2008 to the level of 6.8 %. Its implications appeared in the shape of a decline in liquidity levels along with the reduction in the ability of the financial institutions to provide the same level of credit facilities that they used to provide before the emergence of the global financial crisis; and, the impacts of the crisis were so severe that the leaders of Abu Dhabi were required to intervene and provide financial assistance to Dubai; whose share of the financial sector declined and reached to the level of 39.7 % whilst Abu Dhabi’s inclined to 41.4% in the year of 2008; and, the same year observed in the reduction of foreign lending activity as well. However, despite the impacts of the global financial crisis and the subsequent reduction of the financial sector towards the UAE’s economy, the parallel growth in the non-oil sector even in the crisis period, the UAE’s budget surplus and the export ea rnings, which provide a considerable portion of economic output, have provided a fundamental source of the funding, necessary to feed the needs of the existing infrastructure and developments projects. Financial Sector, Employment and UAE’s GDP The service sector in the UAE contributes employment to 58 percent of the total workforce (Shihab, 2001). And, the service sector consists of trade, restaurants, transport, hotels, communication, storage, finance, real estate, insurance, community, business service, personal and social services. And, this highlights the importance of the financial sectors towards employment in the country. And, the rest of section of employment is provided by the oil industry; which is the main source of inflows. And, the level of employment provided by the oil sector can also be understood from the fact that the UAE’s is third largest oil producing country in the world. Undoubtedly, this highlights the significance of the financial sector, in w hich a considerable number of foreign and local banks serve in the country, for the GPD of UAE in terms of employment. And, in terms of GDP distribution by the seven emirates, the contribution of Abu Dhabi towards the UAE’s GDP is the biggest; and, is followed by the emirates of Dubai and Sharjah respectively. During the period of 2004 to 2008, Abu Dhabi’s aggregate contribution for the UAE’s GDP remained 53% to 57% during the period. In the year of 2008, Abu Dhabi’

Newspaper article Essay Example | Topics and Well Written Essays - 2500 words

Newspaper article - Essay Example Interruptions in the flow of trade in the area would have a grave impact on international economic activity, endangering the norms which have secured relatively peaceful relations in the region. In November of 2013, the National Bureau of Asian Research (NBR) and the Henry M. Jackson Foundation gathered policy experts to discuss the overlapping claims in the South China Sea and consider the impact of US policy in the area (Schwartz, 2014). The participants pointed out the relevance of gathering more data to establish the features of the South China Sea, and therefore settle the issues of these overlapping claims. The NBR also assessed the implications of the US decision not to support the UN Convention on the Law of the Sea in relation to options in supporting the favorable results for the disputes (Schwartz, 2014). In relation to US impact in Asia, it must seek to reduce the possibility of conflict in the region by securing support for the rule of law and ensuring peaceful resolution of conflicting claims. There are about 100 territorial features which have been recognized in the South China Sea and since problems of sovereignty impact all the countries which have the right to exploit the possible beneficial resources for each feature, the stakes are high (Beckman and Schofield, 2014). The UNCLOS where all parties are members indicate the international standard in establishing ownership of the territorial waters as well as the exclusive economic zones using coastline qualities and related features. There are different features to be considered in this case: islands, low-tide elevations, rocks, submerged features, and artificial islands (Beckman and Schofield, 2014). Such features are identified based on their status during high and low tides, including their ability to support human or economic exploitation. Other features indicate various territorial benefits, including territorial

Information Systems Coursework Example | Topics and Well Written Essays - 1250 words

Information Systems - Coursework Example 3. Firstly the patient submits a request for X-ray application which is denoted by the data flow â€Å"Submits X-Ray request form† to the process â€Å"Make X-Ray appointment† and subsequently makes an appointment denoted by â€Å"Makes an appointment†. The primary reasons for having an information system is to understand in detail the various cost drivers which make sure that a certain amount of money is drained in the process and an organization is benefited in the long run. For example, QuickShop Inc enveloped information system in the form of an ERP product which failed because of the lack of enough management belief in the system, lack of turnover ratio, not taking care of the system requirements and functions. The information system processes are the ones which are mentioned in the SRS document which needs to be adhered by the software vendor. Often the customer is not clear or confused about the ideas and the requirements. Total failure relates to either the concept has never been implemented or after implementation the system was abandoned. The concept building phase would have taken so much time that the very idea was quite complex at the end. The feasibility factors were studied in so detail that there was always some probability of not proceeding with the further implementation stages. The other case which was highlighted is that just after the system is implemented it was found to be not satisfying the business requirements or it did not envelope the business workflow and had to be abandoned so that the business does not suffer losses if it cannot make profit. The partial failure of the system can be attributed for either the system does not fulfill the system requirements or there are significant undesirable outcomes. If a particular set of requirements are not fulfilled or if a department is not aligned in sharing information then it may result in failure of the system. Other types

Skellig Film Analysis Essay Example for Free

Skellig Film Analysis Essay 1) At first sight, Skellig does not want Michael’s friendship and wants to be left alone. Directly Skellig says ‘You again? Thought you’d gone away’. This implies that he never wanted to see Michael there and is hoping, through the conversation, for him to leave ask quickly as possible. I strongly believe that Skellig does not want anyone visiting him and that he wants to be left isolated. 2) The reader suggests to us that there is a relationship between Michael and Skellig because Skellig is like an angel and Michael’s sister is like an angel too. Skellig says â€Å"They say that shoulder blades are where your wings were, when you were an angel, she said. They say theyre where your wings will grow again one day.† This shows that Skellig knows about Michael’s sister. 3) At the end Skellig is getting stronger. He was playing football with other people and was more active, before he wanted to be very lonely and isolated. He would be in his own world. 4) The author suggests that Skellig is not a normal person, when Skellig could not stop drinking 27 and 53. Skellig says â€Å"More 27 and 53 †¦ Ah the food of the gods.† This suggests that he is not normal because he is drinking too much stuff he should not be. 5) We first realised that Skellig might save Michael’s baby sister when he went over to the hospital and saw her wings. This shows that he tried his best to save her by taking off her wings and healing her back. This made Michael’s sister ready for the operation. 6) 27 and 53 have a big effect on Skellig, they make him feel more relaxed but energetic, and he is able to visit other places, when he drinks it. Like when he went to the hospital to save Michael’s sister. He ate 27 and 53 before going then saved her.

coffee, tea, or opium :: essays research papers

â€Å"Coffee, Tea, or Opium?†   Ã‚  Ã‚  Ã‚  Ã‚  In â€Å"Coffee, Tea, or Opium,† the authors main point is that even at this point in history some rulers felt that drug importation throughout other countries was immoral for their economic and social status. China’s commissioner for foreign trade, Lin Zexu wanted to stop the illegal importation of opium into his country. Lin saw that the opium trade was damaging the publics health and was bleeding China of its wealth. The emperor of Manchu had given Lin extensive power and ordered him to control the demand of China’s people for opium and force the barbarian merchants to cut off the supply.   Ã‚  Ã‚  Ã‚  Ã‚  Throughout this article Wilson shows that as the years past the opium use in China grew substantially: â€Å"During the trading season of 1816-17, about forty-six hundred 150-pound chests of opium entered China. This number rose to 22, 000 by 1831-32 and 35,000 by 1837-38.. That was more than 5.25 million pounds of opium, the carefully collected and dried sap extruded from 4.8 trillion opium poppies† (Wilson pg 38). Not only was the did it spread rapidly into China, but other countries found that highly addictive substances made great profits in exportation. The traders were not the only men making a quick dollar, but the middlemen, and the farmers as well. The people that fell short we the addicts themselves and the importing countries, due to the fact that the opium ran up uncontrollable trade deficits.   Ã‚  Ã‚  Ã‚  Ã‚  England and other countries profited by exporting opium into China because these countries were receiving goods like tea and silk while China was getting opium. This meant that the other countries were getting items they could sell and receive items that were reusable or they could use for resell in their country for higher prices than what they had spent in China. Not only that but they could sell small amounts of opium for a large sum of money.   Ã‚  Ã‚  Ã‚  Ã‚  Lin wrote a letter to Queen Victoria to explain his troubles about the effects opium was having on his country, but to no avail. All he wanted was someone who understood his desire to stop the selling of opium in China. Hoping that the Queen would respond and agree with him never happened. Unfortunately the British were determined to keep the sales going even if it meant by force. They wanted to keep the profits in by taking some of China’s main ports.

REI Marketing Environment Worksheet Essay

1. Consumer incomes- As consumer incomes change the ability to sell non-essential goods is directly affected. REI sells non-essential goods. If consumer incomes are rising they will have discretionary income and REI should benefit. If Consumer incomes are flat or decreasing REI will see a negative impact on sales. 2. Inflation- Inflation is a measure of the decrease in the value of money. This means that if inflation is increasing it will take more money to purchase the same product. Again with REI they sell non-essential products and would be negatively affected by inflation. Inflation has not been a problem but it is predicted to be in the future so REI must factor this into their sales and marketing strategy. Global Economy How does the current global economy affect REI retail operations? 1. Since REI is not a global company they are less affected by the global economy. They are not immune however as the global downturn affects the U.S. economy as a whole. This in turn does have a secondary effect on REI. 2. Since the global economy directly affects the U.S. economy any downturn in the global economy is going to have a negative impact on the U.S. economy therefore having a secondary effect on REI. This would have the same effect as mentioned in the U.S. economy in part one. Legal and Regulatory Environment What types of legal and regulatory forces affect REI in the U.S.? 1.Federal, state and local regulations and agency’s affect REI as well as every other business. The Federal Trade Commission regulates competition to avoid unfair practices. The Consumer Protection Agency helps protect the  health and safety of consumers. Since REI has many private label products they must make sure that they are safe to avoid lawsuits and huge fines. 2. Since REI is a consumer Cooperative they also have some other regulations that govern how they manage their business. This does give them some tax advantages over the competition but may be a disadvantage when it comes to retained earnings and investments. Socio-Cultural Forces What types of social and culture trends affect REI? 1. REI has built its business on cultural trends. They are very environmentally friendly and very involved in special causes that relate to their business. They market to a special group of consumers that have similar believes and are willing to purchase products to support that believe. This is an example of Relationship Marketing and REI has been very successful with this strategy. 2. REI, according to their website hosted over 750 volunteer events to help the local community and environment. REI started in Seattle which is a perfect market for this type of approach. This market is very socially driven and willing to support companies that also have similar believes with the environment. This also may be a limiting factor when looking at future growth for REI. Especially is the economy takes a further downturn. Technological Forces What type of technology changes affect REI? 1. Changes in manufacturing techniques can have a huge impact. If similar products that REI sells become cheaper from a competitor due to technology advancements it has a direct impact on REI. They will either have to advance with the technology, change suppliers and/or manufacturing, or reduce price and margin to compete. Either way this is a threat to REI. 2. Another example of how technology can affect REI is simply in customer information. Who their customers are, the purchasing habits, personal information, disposable income etc†¦ A company that is tied into this data and uses it as a guide to their marketing strategy will have an advantage  over a company that does not. As a consumer coop REI has the ability to have a more complete data base than a non coop. Competitive forces are also a part of the marketing environment, and we will review those in this unit’s second assignment.

A Social Family Institution in India

Location: India has an area of approximately 3,287,580 sq. kilometers. It serves as a border to the Bay of Bengal the Indian Ocean, and to the Arabian Sea located to its west. Directly north of India are the Himalayas, the world†s biggest mountain range. India also serves as a neighbor to several different countries. Myanmar and Bangladesh located to its east, China, Nepal and Bhutan to the north, Sri Lanka to the South, and finally Afghanistan and Pakistan on the northwest. Topography: India is separated into 4 main regions, these are the Ganges, Indus Plains, Desert zone, and the Southern Peninsula. Physiologically India is divided ten times. A senior male usually heads families in India. In the senior males household a family can be very large. The senior male†s family can include his unmarried children, married children alongside their wives and kids, unmarried younger brothers and sisters, and married brothers with their wives and children. It is common however for families to separate once the father dies. This idea of family is true for both nuclear family and extended family. As already stated above the size of a typical Indian family is very large. The senior male is responsible for providing the financial assistance to the family while his wife takes care of the house. She assigns chores to all of the females in the household. The Elderly are taken care upon dearly by their family members. The marriage traditions in India have been in existence for a very long time. The have a long and important set of rules that are carefully followed by most. A marriage arrangement is a big responsibility for the parents of both the female and male. A marriage is arranged based primarily on religion, family wealth, and the hope for a good biological reproduction. Marriages in India are no different than in most of the countries around the world. It is a very special event for the bride and grooms family and friends. For both the male and the female marriage is a big change not only socially but mentally as well. Only once married is one truly considered to have made the transition to adulthood. Married couples display a strong for male children. Males are desired more because of financial contribution the may supply for the family. Girls on thew other hand are some times viewed as very big liabilities, The more one has the more liable one is. They are viewed as very expensive to support and require very expensive dowries once they are married. Families that have many girls and very few or no males are in great danger of experiencing financial disaster. The roles played by males and females in the Indian society have a very strong presence. Their roles have changed very little in the last couple of decades. Males are the dominant sex in the society. Females have very little power or control over their lives. The male†s main role is to provide financial stability. India†s educational system is one that is very similar to that held by the British. It consists of five levels of education. Level one is preprimary, followed by primary (which in the American system would equal grades 1-5), middle class (middle school), secondary (9 and 10 grades), and finally higher levels (11 and 12 grades). India s governments is currently working very hard to make the peoples education a top priority. The Indian government supplies the people with free education, even with free education only about half of the children attend school. It is viewed by the Indian people that it is more important for the males to attend school than it is for the females. Out of the 50 Indian population is illiterate, 66% of these are females. Higher education in India is not very big. Out of all of the people that attend primary and secondary education less than 10% go on to higher education. It†s popularity however is increasing greatly compared to past years. India†s collegiate system is divided into three. One of these three types is the religious college. These are colleges found by politicians and by wealthy families. They did this in order to gain popularity amongst the people. Government colleges constitute the second type; these are colleges that are found on the outskirts of big cities. They lack private investments and are therefor founded by the government. The third type is called Professional colleges. These are colleges that mainly receive both government and private aid. Professional colleges are the beset of colleges to study carriers such as medicine, engineering etc. 2-India Literacy rate is very high in numbers but very low in percentages. They have over 400 million people that can read but this constitutes only about 56% of the population. 1- India runs its government under a constitution created in 1949. The president of India is elected by the parliament and serves a term of five years. The Prime Minster of India is also a very powerful man in this country. It is said that he has more power than the president. Lok Sabah, otherwise know as the Lower House of Parliament is controlled by the ministers. The federal Parliament consists of no more than 250 members. The President appoints twelve of them and most of the others are appointed by their state. The Lower House has no more than 545 members. Just like the president they serve terms that last fore five years. In case of a national emergency the president can overrule any state government.