Researching UAE's Strengths and Weaknesses in Business Operations

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This research proposal investigates the strengths and weaknesses of the United Arab Emirates (UAE) that influence business operations, focusing on a case study of the World Trade Bank. It aims to identify the strengths of the UAE, such as government support, economic diversification, strategic location, and competitive labor costs, and the weaknesses, including restrictions on certain sectors for UAE nationals, real estate market vulnerabilities, and reliance on networking. The study assesses the impact of these factors on the performance of the World Trade Bank and suggests initiatives the UAE can undertake to enhance business performance, such as easing foreign investment restrictions and promoting flexible work arrangements. The research employs a mixed-methods approach, combining quantitative data from questionnaires and qualitative data from interviews, supplemented by secondary data from books, journals, and articles.
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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)
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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
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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 (Lasrado and Uzbeck, 2017). 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 (Ehyaei and et.al., 2021). 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 (Abdullah, Ahmad-Zaluki and Abd Rahim, 2020). 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
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operational enhancement of the business in UAE. In this present study, analysis has been
executing over the study of World 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 (Lasrado, 2017).
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 (Bose, 2020). 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 (Kushwaha and et.al., 2021).
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
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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?
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 (Lasrado and
Uzbeck, 2017). 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(Bose, 2020). While the petroleum business is still vital to the country's
monetary achievement (Kahsay and Patena, 2020) 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
(AbdulBasith, Abu-Shawish and Ousama, 2020). UAE government is centered more around
establishing an agreeable climate for the financial backers worldwide to contribute
(Krishankumar, Ravichandran and Tyagi, 2020). 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 (Yasin, Khansari and Tirmizi, 2021) 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. It is 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 (Li and et.al., 2021).
To understand the weaknesses of UAE that affects the operational ability of business.
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According to the article of Coface for trade 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 very weak and in this sector business are not performing in effective and
efficient manner (AbdulBasith, Abu-Shawish and Ousama, 2020). 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. 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 (Tulungen
and et.al., 2021).
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 (Lasrado, 2017). 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 (Qaisar,
Qayum and Muhammad, 2021).
To determine the initiatives that can be taken by UAE for enhancing the ability of business to
perform.
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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 (Lasrado, 2017). 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 is enormously esteemed (Lasrado and Uzbeck, 2017).
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 (Acciarri and et.al., 2021).
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 (Mohajan,
2018). 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 (Ørngreen and Levinsen,
2017).
Data Collection Tools: The collection of information based on two aspects i.e. primary and
secondary source of data collection (Nayak and Singh, 2021). 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.
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How we will doing data analysis and interpretation
In this research, investigator will be performing data analysis and interpretation through
the support of secondary method of data collection. In this research information is collected
through books, journals as well as other articles through internet.
Chapter 4: Time Scale
This is refer as the way of classifying project activities with the time in order to
successfully manage it. In this research practices a proper time scale in developed in order to find
right and appropriate information about the topic as well as timely completion of the research
project (Acciarri and et.al., 2021). In order to correctly manage time scale, researcher is
considering work breakdown structure and Gantt charts. Both of this is mention below –
Work breakdown structure
Gantt chart
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Ethical consideration
It is crucial for the researcher to carry out research practices while considering ethics.
This is significant for providing right and accurate direction to researcher for successfully
conducting research activities and attaining desired goals. In this research, investigator is
considering confidentiality of the collected data. This is helpful for keeping information safe and
secure.
Conclusion
From the above report it has been analysed that strength and weakness of UAE will lead to
adds value in developing the operations of the business. There are several elements and aspects
that lead to have affect over operational of business as well as influence its capabilities to attain
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desired objectives. It has been identified that there are different strengths of UAE which will lead
to improve and enhance operations of business. Where as weakness of UAE will lead to have
negative impact on organizational practice and operations. There are several crucial factors of a
country such as government, political party, economic condition, GDP rates, suppliers,
technology and so on. Through the strength and weakness of UAE, organizations will be able to
identify growth and development opportunities for business that will assist in accomplishing
desired objectives. This will lead to have crucial impact over successful functioning of business
as well as enhancing organizational operations. The major strength of UAE for developing
operations of business includes government. The political party or government of UAE is
effective for encouraging operations of business. This is developing effective rules and
regulations for the business that lead to assist in growth or development of business. The
government of UAE is more centered and it is focusing on establishing an agreeable climate for
the financial backs all around the world in order to contribute. This assist in providing financial
support and assistance to business for enhancing organizational operations. The government of
UAE is driven by bureaucracy and it is significant for quick in handling license as well as
different prerequisites. There are some weakness of UAE has been determined that will
negatively influence operations of organization. It has been identified that real estate services of
UAE is very weak and this sector is not able to perform its practices in effective and efficient
manner. It is crucial for UAE government to improve its strength as well as overcome its
weakness in order to successfully and effective enhancing organizational operations.
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Online
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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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