FOR EACH PART OF ALL YOUR ASSIGNMENTS:
-MAKE SURE YOU ARE RESPONDING TO THE QUESTIONS
You should start from classification of economy
Year 2009-2011 is already done.
You have to do the year 2011-2012.
And write the classification of economy in the same way which will include fishers resource, trade resource, etc....
write any trade agreement (from UAE and other countries).
PROVIDE DETAILS
Introduction
The United Arab Emirates is the second largest country in GCC after Saudi Arabia in terms of economy with Gross domestic product (GDP) of AED 2.1 Trillion as per the survey of 2014. UAE is focusing to diversify the economy to other fields also apart from Petroleum industry. Except Dubai, most of the UAE is depended with revenue from oil industry. Petroleum products are continuing to play a major role in the UAE's economy especially in Abu Dhabi.
UAE was responsible for its own economy before independence from United Kingdom. Those days economy was mainly consists of the income from Seafaring, marine agriculture, fishing and pearl diving. Later the movement from japan in cultured pearl brought the discovery of commercial possibility of pearl diving in 19th Century. Sheikh Zayed Bin Sultan Al Nahyan who was previous president of UAE is known for bringing UAE forward to 20th Century and utilizing the oil wealth of the country. Later Sheikh Rashid Bin Saeed Al Maktoum, former vice president of UAE had a strong vision for Dubai and he forecasted the future revenue will not be constrained to oil industry only but should be included other industries also to fund the developments. (Rissman, 2015)
1. Economic development of UAE over a period of 10 years ( 2005 to 2015) :-
Gulickman, L. (2015, DEC 12). Untited Arab Emarates grwoth GDP. Retrieved December 16, 2016, from
Now UAE trade with 228 countries across the world, which is increased by 43% in 2010 than 2009. UAE was the prime trade gateway according to Federal Custom's Authority's annual statistical report which has a worth of 236.7 billion included imports of USD 169.8 billion and exports of 18 billion and re-exports of 48. Billion.
Out of total imports, 70% consists of imports of goods, machinery and transportation equipment and it has a trend of increasing according to Abu Dhabi Investment Authority. Abu Dhabi Investment Authority controls and manages USD 360 billion in overseas and USD 900 billion in assets. Dubai is focused on Dubai Mall shopping festival, even though it has a gradual growth in retail business and trades.
India is the largest International market for Dubai companies with 28 percentage, followed by Saudi Arabia 24 percentage and China at 22 percentage. (Gulickman, 2015)
EXAMPLES
- PUT SOME USEFUL NUMBERS. GRAPHS. TABLES. PICTURES.THAT YOU MIGHT USE TO ANALYZE AND SUPPORT YOUR ARGUMENTS
- AT THIS LEVEL YOU NEED ALSO TO INSERT SOME IN-TEXT CITATIONS TO BUILD UP YOUR THEORETICAL FRAMEWORK
- READ TWICE AND GET IT READ BY A CLASSMATE OR SEND IT TO YOUR TEACHER FOR A FORMATIVE FEEDBACK
Words limit is 1000.
Attachment:- Group assignment.rar