Strength and Weakness of UAE for Business Operations: A Study on World Trade Bank

This research proposal aims to investigate the strength and weakness of UAE that adds value in developing the operations of the business. The study will focus on World Trade Bank and its impact on UAE's business operations. The proposal includes research objectives, questions, methodology, and time scale.

Research Proposal
(To investigate the strength and weakness of
UAE that adds value in developing the operations
of the business. A study on World Trade Bank)

Contents
Title of the Study.............................................................................................................................1
Chapter 1: Introduction....................................................................................................................1
Chapter 2: Literature Review...........................................................................................................3
Chapter 3: Research Methodology...................................................................................................5
Chapter 4: Time Scale......................................................................................................................6
References......................................................................................................................................10

Title of the Study
The strength and weakness of UAE that adds value in developing the operations of the
business.
Chapter 1: Introduction
Overview of the study
The study aims to analysing the strength and weakness of UAE that adds value in
developing the operations of the business. Therefore, the United Arab Emirates, sometimes
mainly recognised as the Emirates, thus, it is a country in Western Asia which is located at the
eastern end of the Arabian Peninsula. It borders Oman and Saudi Arabia, and has maritime
borders in the Persian Gulf with Qatar and Iran. This is the most developed nation which has
provides higher opportunity to the businesses to grow. The entire economy of the country is
recovering on a rapid basis, although with many fluctuations within the development but still
seeing growth in the economy and GDP, specifically due to the development in construction
business, communication, production and service sector. mainly the immigrants make it possible
because of their high percentage in the UAE workers. The economy of UAE at the recent time is
fairly recovering through the downfall and diversifying within assorted areas to increase
development. For the reason of increasing the oil prices the oil industry represents the more than
one third of the GDP, demand through the neighbouring regions has also strengthened its export
activities. The consistent increasing price of oil basically supports the government injecting wide
amount of windfall oil revenues within the local economy to stimulate the non-oil sector,
developing the disposable income of the poorer area of the population, however, this termed as
the key strength of UAE. The another merits involves no trade barriers, competitive labour cost,
effective and competitive real estate cost, no foreign exchange control, full range of ultramodern
and sophisticated banking sector, efficient transport and distribution facility, tolerant, stable,
progressive society, progressive working environment and so on. That are effective in increasing
the operations of the business. on the other hand, there are assorted weaknesses like strong
service sector reserved for UAE nationals, real estate facilities, hunting and forestry, not an
English common law jurisdiction, Each Emirate has its own business setup rules and regulations,
rising cost of living in key emirates and so on, that are affecting the operational enhancement of
the business in UAE. In this present study, analysis has been executing over the study of World
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Trade Bank, it is an international financial institution which renders loans and grants to the
government of low and middle income countries for the intention of pursuing capital projects.
The headquarter of the firm is in 1818 H Street NW, Washington, D.C., U.S. the formation of the
bank is done in the year of 1944.
Rationale of the research
The key intention of executing the study over the aspect of investigating the strength and
weakness of UAE that adds value in developing the operations of the business is that, the
strength and weakness of UAE is the major concerned area and the study helps in exploring in-
depth idea and knowledge in relation to the chosen study area and also analyzing the suitable
power and weaknesses of UAE that adds value in increasing growth opportunity for the
businesses. The another intention of executing the research is the personal interest of the
researcher as the investigator wants to explore own idea and knowledge in relation to the similar
subject. The investigation is also effective in developing personal as well as professional skills.
In addition to this, the study is creating value in developing the data collection, time assessment
ability which creates significance in attempting the future studies in more reliable manner. The
study is also creating value for the businesses in UAE to analyzing the strength and weakness of
the country and moving in the right direction to attain development and progression.
Research Aim
To investigate the strength and weakness of UAE that adds value in developing the
operations of the business. A study on World Trade Bank.
Research Objectives
 To study the strength of UAE for developing the operations of business.
 To understand the weaknesses of UEA that affects the operational ability of business.
 To access the impact of UAE strength and weaknesses over the performance of World
Trade Bank.
 To determine the initiatives that can be taken by UAE for enhancing the ability of
business to perform.
Research Questions
 What is the strength of UAE for developing the operations of business?
 What are the weaknesses of UEA that affects the operational ability of business?
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 What is the impact of UAE strength and weaknesses over the performance of World
Trade Bank?
 What are the initiatives that can be taken by UAE for enhancing the ability of business to
perform?
Chapter 2: Literature Review
To study the strength of UAE for developing the operations of business.
As per the views of Matthew Maclachlan (2021), it has been analysed that there are several
strengths of UAE which is effective for developing the operations of business. It has been
determined that government of UAE is one of the major strength as it is supporting in
effective manner. The UAE's economy has seen a lot of expansion in the previous few years.
While the petroleum business is still vital to the country's monetary achievement, the United
Arab Emirates has seen supported development in tourism, science and innovation. On top
of this, the Emirati government has as of late assigned $13.4 billion to the turn of events and
extension of non-oil related businesses. UAE government is centered more around
establishing an agreeable climate for the financial backers worldwide to contribute.
Government of UAE is driven by bureaucracy and is quick in handling licenses and different
prerequisites. This uniquely makes a great life in Dubai which is the business center point.
An ever increasing number of organizations will put resources into Abu Dhabi and it will
turn out as a method of fascination of the information or gifted workers from everywhere the
world. Steady high oil prices upholds the government infusing a lot of bonus oil incomes
into the neighborhood economy to invigorate the non-oil area, expanding the dispensable
livelihoods of the more unfortunate fragments of the populace. Deliberately situated in the
Middle East, with simple admittance to key Middle Eastern and European business sectors
as well as to China, South Asia, Malaysia, Indonesia, Philippines and other Asian business
sectors too.
To understand the weaknesses of UEA that affects the operational ability of business.
According to the article it has been identified that there are some weakness of UEA which
will lead to have direct affect over operational ability of business. It has been analyzed that many
of the strong service sectors are reserved for UAE nationals. This will lead to have major affect
over functioning and performance of business. The real estate services of UAE market area is
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very weak and in this sector business are not performing in effective and efficient manner. This
weakness includes placement as well as supply services of personnel investigation and security
services. This is one of the major weakness that will lead to have direct affect over operational
ability of business as well as its performing in market area. UAE is not an English common law
jurisdiction. Apart from this, it has been analyzed that people need to have effective and strong
network in order to expand opportunities in business. This market area is majorly depended on
network as compare to actual products and services of business.
To access the impact of UAE strength and weaknesses over the performance of World Trade
Bank.
As per the views of author it has been analyzed that the strength of UAE will lead to
significantly improve the performance of world trade bank. Where as its weakness will lead to
have negative impact over world trade bank activities. The major strength of UAE is it’s
government as well as rules and regulations. The occasion would expand work and support
purchaser spending. A progressive facilitating of movement boycotts and an improvement in the
vehicle and tourism areas will likewise uphold the development execution. The continuous
financial broadening projects will save the UAE as an alluring venture objective for global
organizations. This will lead to have direct impact over effective performance World Trade
Bank. There is high impact of COVID 19 pandemic on UAE which lead to negatively affect
performance of business as well as different sectors. The recuperation in venture will be gentle
because of COVID-19 and the end of the majority of the EXPO related speculations. This is
currently the major weakness and it influence World Trade Bank performance.
To determine the initiatives that can be taken by UAE for enhancing the ability of business to
perform.
It has been analysed that the government of UAE needs to take effective initiatives which lead to
directly help in enhancing abilities of business to perform well. The government is making ready
by opening freedoms for foreign speculation. This incorporates lifting limitations on foreign
proprietorship and offering long haul visas for financial backers. Individual relationships are the
way to business in the Emirates. Along these lines, nearby business culture requests that you
focus on casual conversation and mingling, even at work gatherings. Likewise, unwaveringness
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is enormously esteemed. Government presented two new goals that might empower flexi-work.
The low maintenance working goal is intended to help bosses fill work holes, particularly at odd
hours. Likewise, the distant working goal was made to help Emirati nationals acquire work life
balance. The initiative will lead to assist in boosting business practices as well as providing
effective working environment to employees.
Chapter 3: Research Methodology
Research methodology defined as the specific process or the tools implemented to identify,
choose, process and evaluate the data in relation to a specified investigation area. This section of
investigation is effective in assisting the entire investigation in right manner to reaching at the
significant result. The suitable selection of methodologies for executing the present study are
associated as under:
Research Choice: The choice of research methodology is relay over three aspects i.e. mono,
mixed and multi research methodology. In the case of this present investigation work,
investigator will select mixed research methodology where qualitative and quantitative both the
studies will be considering to generate significant result. Therefore, mixed method is effective in
executing the detailed analysis with the support of accumulating information within statistical
and theoretical aspects. Thus, quantitative study will be executing via conducting questionnaire
and qualitative study will be implementing to designing interview.
Data Collection Tools: The collection of information based on two aspects i.e. primary and
secondary source of data collection. In the case of this present study, primary study will support
in gathering specific information with the support of conducting questionnaire and interview and
secondary sources like books, journals, articles and so on are effective in conducting literature
review to support the theoretical framework.
For collecting primary data, questionnaire source has been considered. This will includes 30
respondents.
Questionnaire
Name –
Age –
Contact number –
1. Do you consider that UAE that adds value in developing the operations of the business?
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 Yes
 No
2. According to you what are the major strength of UAE which will lead to enhance
business operations?
 Ultramodern banking sector
 IT infrastructure
 Effective transportation facilities
 All of the above
3. As per your views what is the crucial weakness of UAE which lead to have negative
impact over business sector
 Real Estate services
 Need of networking for expanding
 Rules of Emirate business owner
 All of the above
4. Do you feel that strength and weakness of UAE will lead to have significant impact over
performance of World Trade Bank?
 Agree
 Disagree
5. What are the different opportunities that need to be consider by UAE in order to enhance
its business operations and gain growth?
 Huge export market
 Increase international trade
 Boost tourism industry
 All of the above
Chapter 4: Time Scale
Theme 1 – UAE adds value in developing the operations of the business.
6. Do you consider that UAE adds
value in developing the operations of
the business?
Frequency
 Yes 25
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 No 5
Interpretation – It has been analysed that out of 30 respondents 25 has responded
positively with yes that UAE adds value in developing operations of business. Where as other 5
has responded negatively.
Theme 2 – The major strength of UAE which will lead to enhance business operations
7. According to you what are the major
strength of UAE which will lead to
enhance business operations?
Frequency
 Ultramodern banking sector 5
 IT infrastructure 5
 Effective transportation facilities 5
 All of the above 15
Interpretation – It has been determine that there are several strength of UAE will lead to
increase business operations. Out of 30 respondents 5, 5 and 5 feel that Ultramodern banking
sector, IT infrastructure and Effective transportation facilities. Where as majority of responded
that is 15 feel that all of the above are crucial factors.
Theme 3 – The crucial weakness of UAE which lead to have negative impact over business
sector.
8. As per your views what is the crucial
weakness of UAE which lead to
have negative impact over business
sector?
Frequency
 Real Estate services 5
 Need of networking for expanding 8
 Rules of Emirate business owner 5
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 All of the above 12
Interpretation – as per the collected data it has been identified that 5, 8 and 5 respondents
feel that Real Estate services, Need of networking for expanding and Rules of Emirate business
owner respectively is the weakness where as other 12 feel that all of these are major weakness.
Theme 4 – Strength and weakness of UAE will lead to have significant impact over performance
of World Trade Bank
9. Do you feel that strength and
weakness of UAE will lead to have
significant impact over performance
of World Trade Bank?
Frequency
 Agree 26
 Disagree 4
Interpretation – Through the survey it has been analysed that 26 out of 30 agree where as
other 4 disagree that strength and weakness of UAE will lead to have significant impact over
performance of World Trade Bank.
Theme 5 – The different opportunities that need to be consider by UAE in order to enhance its
business operations and gain growth
10. What are the different opportunities
that need to be consider by UAE in
order to enhance its business
operations and gain growth?
Frequency
 Huge export market 7
 Increase international trade 5
 Boost tourism industry 5
 All of the above 13
Interpretation – Through the collected data it has been analysed that different
opportunities that need to be consider by UAE in order to enhance its business operations and
gain growth. Out of 30 respondents 7, 5 and 5 respondents feel that Huge export market, Increase
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international trade and Boost tourism industry. Whereas 13 consider that all of the above
mention are crucial factor.
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Almasri, A., Chamieh, M.A., Alozi, A. and Dabous, S.A., Comparative Analysis
Between UAE, UN, and the European Commission Guidelines for the Public Private Partnership.
In 2020 Advances in Science and Engineering Technology International Conferences
(ASET) (pp. 1-5). IEEE.
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Online
BENEFITS OF DOING BUSINESS IN THE UAE. 2021. [Online]. Available through:<
https://www.communicaid.com/cross-cultural-training/blog/benefits-of-doing-business-in-
the-uae/ >
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