The UAE Essay Example | Topics and Well Written Essays - 1000 words

The UAE - Essay Example Moreover, it was recently ranked number 40 out of the 183 countries with regard to the overall ease of conducting business. This article explores the business environment of the UAE by examining its PESTL environments. The United Arabs Emirates (UEA) is a Middle East country bordering the Arabian Gulf and Oman Gulf, between Saudi Arabia and Oman. It is a federation of seven countries established in 1971with its members operating under one federal government. The country which is a monarchy is politically stable. Even though democracy sometimes is jeopardized, citizens enjoy a lot of freedom. UAE has four levels of governments: President, Federal National Council, High Council, and Local Emirs. What is evident is that most powers are vested in the hands of the Emirs. As such, no authority is allowed beyond Emirs, implying that citizens from different Emirates have absolutely no say on political issues (Kjeilen 2004). The UAE enjoys favorable diplomatic relations with several countries. It has close ties with most Arab countries including Egypt and Pakistan. The country’s main export markets include Germany and the United Kingdom even as the U.S. and France maintain security related cooperation with the country. The government has made great effort to increase spending on job creation, opening up space for private investor involvement as well as expanding its infrastructural facilities to create a favorable environment for business and investment. The government’s commitment to promote business and investment is also seen when it created a free trade zone in UAE. The zone was mainly established by the government as a way of promoting direct foreign investment in the country. This implies that there are no limits on overseas ownership within UAE. The government in this case allows foreign investors to establish fully-owned companies within the free trade zones, which currently stand at