Economy in the Uae

Tourism industry removed the trade barriers in Spain and helped government to overcome the balance-of-payments deficit. According to Aramberri (2009), after tourism became the main source for economy, two major factors contributed to foreign exchange in Spain. The first factor was labor migration. Travelling allowed Spanish people to leave their country for working abroad. These people were estimated to enrich foreign reserves and to decrease balance-of-payments deficit by 7.9% The other factor was tourism receipts. Holloway and Humphreys in their book (2009) explain that, as the number of visitors to country increases, the tourism receipts or the expenditures that made by tourists in that country also rises. This positive expansion encouraged foreign investors and the amount of investments in Spain started to soar. Various countries gave Spain money to develop tourism infrastructure and services. There were two kinds of major investor types that benefited Spanish Exchequer. The first type was Tour Operators of tourism products. They sold holiday packages that included all the services and products. Such kind of wholesalers included several large members and plentiful small firms. In Spain, these tour operators brought significant benefit because in 2000-2010s Spain was not only destination country but it was also a good generating country. Another type of investors was Airline Companies. As cited

Tourism creates jobs directly through the tourism industry and indirectly in sectors such as retail and transportation. When tourist spend their money on goods and services,

For example, the flight that Virgin Atlantic provides to Asian countries will contribute to the nation tourism aspects. Foreign tourist from the Europe and all perhaps from all over the world will come to Asian countries. This will boom the tourism industry in the particular country. This will develop the infrastructure of the country itself (Tucker, 2010). In terms of employment, especially that rely on tourism industry, more and more labour will be needed. Hence, the requirement for workers will increase. Job seekers around the world will come to that country to seek for job. In fact, the local people themselves will need to compete with foreign workers to get the job. Hotels for example, will be built and increased from time to time.

In 1997 the sales of natural gas surged in 1997 as one of Qatar’s North Field came on line (Beard, p. 18). This specific event contributed to a total GDP of approximately 30% (Beard, p. 18). Further development in 04’ can be directly attributed to transportation, storage, hotels, bank and finance and government. Again, Qatar’s reinvestment in their community enables them to function and thrive even with any imbalances in the gas and oil industry that many other countries base their entire GDP to. Further growth was seen through Qatar’s history though. Specifically, in 2008, Qatar’s capital was believed to have peaked. Further contributing factors are the positive traits that coincided not only with the factors that enabled them to grow not only in the hydrocarbon sector nonetheless the non-hydrocarbon sector as well. The labor growth within Qatar has indefinitely increase. Specifically, many workers have migrated from one sector of growth to the other. The IMF stated that, “Qatar’s population rose from approximately 650 000 in 2001 to 1.9 million in 2013. The employment-to-population ratio rose from 48 percent in 2001 to 68 percent in 2007 and more than 85 percent in 2013. As a result, growth in GDP per worker has been slower than growth in GDP per population (Table 1). This is illustrated in the case of the non-hydrocarbon sector, which appears to be growing fast in per-capita terms but not in per-worker terms” (Beard, p. 20). However, with this population increase occurring, production by these workers lacked. IMF found that this production was in decline from 01’ through 09’, but then elevated in 12’ with a slight decline yet again in 2013. This may only be explained by the shift of labor to the construction sector of the

The United Arab Emirates is a location that offers many tourist attractions and opportunities for a great experience. One city comes to mind when thinking about the United Arab Emirates, Dubai. The discovery of oil in this emirate allowed for massive infrastructure projects and transportation improvements to attract foreign investors and visitors. This report examines how the city of Dubai has changed by developing tourism.

The industry varies from construction, mining and metals, power, tourism, oil and gas which make up a large portion or the economy. We will take a look on what few of the Emirates contributes to the economy.

Although tourism bring about negative impacts, tourism is still important as it improves the lives of locals and helps boosts the country’s economy.

The report has consisted of an analysis of tourism in UAE to compare with tourism in Oman and the analysis was based on information gathered from a variety of sources: website of each countries, books and from interviews with some tourists. The analysis has led to conclude that, despite the strong tourism fundamentals in the Sultanate compared to the UAE, it suffers from

The growth of tourism industry in the developing countries is seen through economic lens. As the number of tourist arrival increases in a developing countries it helps in generation of income and also provides employment opportunities to the local communities of the particular tourist destination region. Tourism industry is expeditiously growing industry. According to UNWTO (2014) report, the growth of international tourist by mid 2014 was 4.6% and the destination worldwide received around 517 million tourists between January and June 2014. The increase in tourist activity at any destination helps in the development of the region when such development is unplanned then this

The economy in the United Arab Emirates has experienced substantial increases in the last 40 years. The UAE’s capabilities with the pearling and oil industries have given the region its necessary budgets to expand so rapidly. The economic policies in the UAE have gone through stages, since the birth of the region in 1971. Changes in economic welfare of the markets, and privatization policies are also key aspects in understanding the UAE’s economic liberalization and growth. In order to understand the UAE’s economic standard, economic liberalization must be analyzed. The argument of this paper will discuss how economic liberalization has occurred in the United Arab Emirates and is continuing to grow.

Saudi Arabia has an oil-based economy. Shipments of oil account for 87 percent of total exports and for 46 percent of GDP. In recent years, in order to diversify the economy, the government has been investing in telecommunications, petrochemicals, natural gas exploitation and power generation sectors.

The UAE is one of the riches nations in the world as measure by per capita GNP. The economy is primarily based on the oil

The UAE achieved its independence from Britain in the second half of 20th century (BBC News, 2015). In the 1980s, the economy of the country was mainly reliant on oil production which, at that time, accounted for 2/3 of gross domestic product (Sharpley, 2008). In the similar way, since the RK declared its independence from the United Soviet Union in 1991(BBC News, 2012), the main generator of income has become the oil industry (Faizuldayeva, 2010). Even though Kazakhstan possesses abundant natural resources, the economy is not entirely diversified (Kuralbayeva, 2001), which makes it dependent on oil and gas resources (Faizuldayeva, 2010). This dependency is likely to make the economy

Dubai is a well known country for their tourism and their oil. Their oil ran out a long time ago and now they are relying on the tourism industry so that they can increase their economy.

The economy determines and shows us the variables and factors that show us the best solution for the selection of living even live up options. To me Kuwait my country, they state depends on the import of goods consumed more than manufactured not only produce petroleum products and derivatives, the economic factors and changes here are changing per capita income and changes in goods but as my field is producing oil I can recall an example of a variable output and income in Kuwait.