Factors Assoicates with Increasing Entrepreneurship in the United Arab Emirates

Founded on May 26, 1981, GCC aimed to promote coordination between its member states.3 In 2003, approximately four million people lived in the UAE, with about one quarter residing in Dubai (835,000 men and 369,000 women).4 This population was predominantly not indigenous as 60% hailed from Asia, 15% came from other Arab countries, and 5% were from Europe. All key positions in the Dubai government however were occupied by members of a ruling family—their authority unchallenged by political parties or universal suffrage.5 While the ruling family tolerated non-Muslim religions, the preaching of any expression of religion other than Islam was forbidden as was the formation of trade unions.

Dubai is one of the states in United Arab Emirates (UAE). According to Hofstede, UAE is a collectivist country, has high power distance and high uncertainty avoidance. Hofstede’s value dimension of UAE that is related to the article is high uncertainty avoidance which is resulting companies become less flexible. The article states that Mr. Lawlor worked 10 hours a day in Dubai and looked for housing at night. However, the average working hours for employed persons in United States is 7.6 hours a day.

United Arab Emirates continues to develop its interest with missile defense while oil has been the focal point in UAE’s economy and continues to contribute tremendously to economic prosperity. A determined and far-seeing policy of economic diversification has fortified the result of non-oil sectors now account or 69 per cent of funds contributing to the economy with oil supplying the remaining third (“UAEinteract,” 2016). Trade has also played a significant role in the economic life for many centuries. Economic growth has steadily gone up due to a short-lived

The UAE is still thriving even though cultural diversity is not thoroughly followed. Specific rules and regulations are in place in order to lead the workforce, and the economy. With the increase of influence from the west, the UAE is faced with challenges of law. These changes include but are not limited to, better care for labour and other skilled workers in addition the equality of men and women, citizen or foreigner. The country motives are to meet the needs of the citizen and worker in order to keep generating income and prosperity.

Sohail Ahmed is a hardworking and dedicated entrepreneur which led me to interview him. It was the personality along with his overall character which I have always looked up to. As an aspiring entrepreneur, there were several factors that influenced his decision to start his own business. He said he had the desire to be an entrepreneur, developed a great idea and started the business to see its potential. Mr. Ahmed introduced an idea to franchise a Mediterranean Restaurant (Villa Madina). Money was the biggest factor for Sohail Ahmed. He said money is freedom and having a business makes you be able to control your own destiny. Furthermore, he always wanted to be his own boss, create his own rules, and be untethered to

I will be talking to professionals, people who know what they are talking about. I would also watch films about successful entrepreneurs to be inspired.I want to show how entrepreneurs reached the top of the food chain. I will be looking at books, articles, newspapers, leaflet anything to show how much determination counts in the success of an entrepreneur. I will also be asking the same question to professionals, to get their opinion on the topic: teachers, professionals, economist and etc... The information collected will allow me to come up with the relevance of determination for an entrepreneurs success. the success of an entrepreneur.The 10,000 hour rule determines the success of an entrepreneur. Luck determine the success of an entrepreneur. Entrepreneurship offer people a happy life, money management skills, independence and business skills but it comes with a price determination. Bill Gates is a famous entrepreneur who grew up around computers. This has been the case since he was young. He spent about 10,000 hours hacking and coding and etc. The fact that he spent so much time around the things he loved doing It allowed him to become an expert in computers. The 10,000 hour rule was brought about by Malcolm Gladwell in the book ‘Outliers’. Gladwell talks about the importance of spending enough time to perfect a certain skill, and that time should be about 10,000 hours. However Gladwell also talks about the

Entrepreneurship is a process of making a business that aims to make a difference globally. It is a way of setting up your business courageously and proudly without much problem or worry if it would fail. A person who has the skill of entrepreneurship are called entrepreneurs. If you are willing to take the risk to bring innovation for the betterment of our society, then you are an entrepreneur! Entrepreneurship is correlated with business or business owners.

This chapter assesses the different literatures written in the areas of entrepreneurship, women entrepreneurs, women entrepreneurs in SMEs, Women entrepreneurs in SMEs in Mauritius, the factors influencing the performance of women entrepreneurs in SMEs and the supports given by institutions to SMEs.

The UAE has one of the most diversified economies in the region. Abu Dhabi holds 90% of the Federation’s hydrocarbon reserves. A down side of that is that now the UAE is dependent on the revenues Abu Dhabi can obtain from the reserves. On the other hand, the service industry in Dubai has been booming, as Dubai has the 7th largest port in the world and has become the largest business center in the region. Additionally, there seems to be political stability across the Federation, which increases the chances of people doing business. There have been reports of the lack of transparency of para-public entities and businesses, which is something

United Arab Emirates is situated in the Middle East bordering Saudi Arabia and Oman. The country consists of seven emirates(cities) with Abu Dhabi as capital and Dubai, the financial capital of the country. The population of United Arab Emirates is 9.3 million as of 2013; however, the nationals of South Asian countries (Workers from Pakistan, India, Nepal, Bangladesh and Sri Lanka) comprise around 50% of UAE´s total population. Furthermore, Ethnic composition can be classified as: Emirati (19%), South Asians (50%), other Arabs and Iranians (23%), and other expatriates including Westerners and East Asians (8%). We observe from this pattern that there are more foreign population that leads the economy projects and the economy running in UAE. Some of the major reasons include people-friendly laws, welcoming and friendly atmosphere and political stability and safety accompanied by large pool of luxury offerings. (United Arab Emirates, Country Risk Report). Living in the UAE provides several advantages to Expats (Immigrant workers). One of the biggest advantage is NO Tax implications. Apart from the major advantage, other religions are allowed to be practiced - there is a church compound in Jebel Ali with Christian churches and a Sikh temple etc. Secondly, accommodation in Dubai is mostly new and pleasant. Serviced apartments are available everywhere in the city. These come furnished and are serviced as part of the rent; short-term leases are also available for this type of

This chapter begins with a brief background of the UAE, followed by an overview, and then the context and background of this study. Following that is further explanation of the research problem and purpose, along with the research questions and an introduction to my proposed research design. The chapter concludes with a discussion of the significance of the study along with my assumptions as the researcher, personal factors that have lead me to this topic and ending with definitions of some key terms related to this study.

Influence of Selected Demographic Variables on Entrepreneurship Intentions of Tertiary Institution Electronic Technology Students in Nigeria

Some of the key challenges continue to impede the entrepreneurs in the United Arab Emirates, while the federal government seek to include emerging companies a key item of the terms of its development plan titled "Vision 2012" Vision 2021.

The United Arab Emirates (UAE) was established 45 years ago, in 1971. However, that short lineage is deeply rooted in culture and affluence. UAE consists of seven states known as Trucial states. These Trucial states also known as Emirates are, Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah Umm al - Qaiwain, and Ras al – Khaimah. Their vast growth and substantial success have made them one of the most economically thriving countries in the world. UAE has developed immensely since its birth, especially in the last 20 years. The territory of UAE is extremely rich in oil and natural gases, which are their main exports. Many different ethnicities make up the country’s population, so much so that Emirati citizens have become the minority

Entrepreneurs play a vital role in achieving a higher rate of economic growth. Entrepreneurs are able to produce goods at lower cost and supply quality goods at lower price to the community according to their requirements. When the price of the commodities decreases the consumers get the power to buy more goods for their satisfaction. In this way they can increase the standard of living of the people.