A GLOBAL / COUNTRY STUDY AND REPORT ON - …

1 GLOBAL COUNTRY REPORT on UAE 1 A GLOBAL / COUNTRY STUDY AND REPORT ON In-depth Analysis of UAE Submitted to College of Engineering & Technology, Wadhwan (707) IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF Master of Business Administration In Gujarat Technological University Under the guidance of Faculty Guide Prof. D A Sanghvi.(Professor & head, MBA Dept.) Prof. A D Shah(Assistant Professor, MBA Dept) Submitted by (Student Name) (Batch:2011 13,Enrollment No.:____) MBA SEMESTER IV (C. U. Shah College of Engineering & Technology) MBA PROGRAMME Affiliated to Gujarat Technological University Ahmedabad May, 2013 GLOBAL COUNTRY REPORT on UAE 2 INDEX Chapter No.

2 Particular Page No. PART I PESTEL Analysis Political Factor Economic Factor Cultural Factor Technological Factor Legal Factor Trade Agreement Financial Market of UAE Ecological factor Major Industries of UAE Trading Partners 7 10 15 16 20 23 27 33 35 39 PART II Dairy Industry PESTEL Analysis 4545 Gold Industry Introduction to UAE Industry PESTEL Analysis Major Supplier of gold jewelry Difference between UAE and India Gold Jewelry Current gold price in UAE Indian gold market scenario India s major export destination in gold jewelry 52 52 53 54 54 55 56 57 Steel Industry PESTLE Analysis Steel supplier s from India to UAE UAE and India s steel market scenario Bilateral visit 62 63 64 65 67

3 Tourism Industry Tourism board Most popular place of UAE Festivals attracting the tourism Investment proposal in tourism 69 69 72 74 74 GLOBAL COUNTRY REPORT on UAE 3 Electronics Equipment and Machinery Industry PESTLE Analysis SWOT Analysis 75 76 77 Textile Industry PESTLE Analysis Export to UAE Concept for textile recycle 84 85 99 101 Tea Industry PESTLE Analysis GLOBAL Tea Scenario 102 104 106 Pharmaceutical Industry PESTLE Analysis Export & Import data of Medical Drugs How to Enter in UAE market Present relation with India Key players of UAE Business Opportunity 108 109 111 111 112 112 113 Spices Industry PESTLE Analysis Scope of establishing Spices Business Registration for Import & Export in UAE 115 116 120 123 Perfume Industry Market Scenario of UAE Perfume Industry PESTLE Analysis List of different types of perfume offered in UAE Industry 126 126 127 129 Conclusion 131 Bibliography 133 GLOBAL COUNTRY REPORT on UAE 4 STUDENT S DECLARATION We, _____hereby declare that the REPORT for GLOBAL / COUNTRY STUDY REPORT entitled A GLOBAL / COUNTRY STUDY AND REPORT UAE is a result of our own work and our indebtedness to other work publications, references, if any, have been duly acknowledged.

4 Place :_____ (Signature) Date: (Name of student) GLOBAL COUNTRY REPORT on UAE 5 Institute s Certificate Certified that this GLOBAL / COUNTRY STUDY and REPORT Titled _____ is the bonafide work of (Enrollment No_____) , who carried out the research under my supervision. I also certify further, that to the best of my knowledge the work reported here in does not form part of any other project REPORT or dissertation on the basis of which a degree or award was conferred on an earlier occasion on this or any other candidate Signature of the Faculty Guide Prof.

5 D A Sanghvi(Prof. and Head, MBA Dept.) Prof. A D Shah(Assistant Professor , MBA Dept.) (Certificate is to be countersigned by the Director/HOD) GLOBAL COUNTRY REPORT on UAE 6 PART I PESTEL ANALYSIS OF THE UAE COUNTRY GLOBAL COUNTRY REPORT on UAE 7 1. POLITICAL FECTOR: Overview The UAE is made out of a federation of seven independent emirates. The constitution, which was made established as a stable form in 1996, specifies that all powers not specifically assigned to federal institutions remain the entitlement of the individual emirates & with their rulers. In the month of February 2006, a new Council of Ministers was reformed, with various new ministries reorganized, & several new ministries created.

6 In the month of December 2006, as a first step toward gradual government reform, the first election was detained for half the members of the advisory Federal National Council (FNC). Constitution In the month of December 1971, the federation of six Trucial Coast states, later on joined by the seventh one, decided on a provisional federal constitution, which was going to dismiss after five years, at which point an official constitution would be enlisted. Branches of Government The uppermost federal authority is the Supreme Council of Rulers, consisting of the rulers of all the seven emirates. This body elects the president & the vice president. The president appoints the prime minister & Council of Ministers.

7 The Federal Supreme Council is entrusted with legislative as well as policymaking powers. It sanctions the federal laws & orders, strategies general policy, & may expulsion the prime minister of his post on the ratification of the president. Electoral System & Politics & Political Parties The UAE does not have a system of popular elections as we follows but the Federal Supreme Council chooses the COUNTRY s rulers. Political parties are forbidden in the UAE Administrative Divisions The UAE is a federation of combination of seven emirates which are as follows:- 1. Abu Dhabi (Abu Zaby), GLOBAL COUNTRY REPORT on UAE 8 2. Ajman, 3.

8 Al Fujayrah, 4. Dubai (Dubayy), 5. Ras al Khaymah, 6. Sharjah (Ash Shariqah), & 7. Umm alQaywayn. Provincial & Local Government Each of the seven emirates has their own government, which functions in trail bike with the federal government. Municipalities do work of controlling the main cities, each of which has a municipal council. Judicial & Legal System Under the UAE s constitution, SHARIA, the law of Islamic religion, as a principal & primary source for law. Introduction Of Political Structure Of UAE Formation of the Federation Following the British expiry of their agreements with the Trucial States, the name by which they were before known, the rulers of the seven emirates established a federal state officially entitled Dawlat al Imarat al Arabiyya al Muttahida (State of the United Arab Emirates).

9 The philosophy behind the state was termed in a statement which was released on December 1971 when the new state on form of COUNTRY was formally established. The United Arab Emirates has been recognized as an independent state, possessing independence & with diversity. It is part of the greater Arab nation. Its aim/goal is to maintain its independence, its sovereignty, its diversity, its security & its strength, in defence against any attack on its individual or on the individual any of its member Emirates. It also aims to protect the freedoms & rights of its people& citizen & to achieve trustworthy cooperation between the Emirates for the common good. Federal Constitution GLOBAL COUNTRY REPORT on UAE 9 Each of the component emirates of the Federation had their own existing institutions of government & to provide for the effective governing of the new state, the Rulers approved to draw up a conditional Constitution specifying those powers which were to be allocated to new federal institutions, all others remaining the privilege of the individual emirates.

10 Supreme Council of the Federation In a spirit of unanimity & association, the rulers of the seven emirates agreed during the process of the federation that each of them would be a member of the supreme council, the top policy-making body in the new state. The Council Of Ministers The Council of Ministers or Cabinet described in the Constitution as the executive authority for the Federation, includes the usual go together of ministerial portfolios & is headed by a Prime Minister chosen by the President in consultation with his coordinator on the supreme Council. Federal National Council The Federal National Council (FNC) has 40 members selected from the emirates on the basis of their population, with eight for each of Abu Dhabi & Dubai, six each for Sharjah & Ras al-Khaimah, & four each for Fujairah, Umm al-Qaiwain & Ajman.