Analysis of Dubai’s Economy

Analysis of Dubais Economy Dubai’s Financial Crisis: Dubai is usually characterized by sky piercing towers, rotating buildings, spectacular architectural designs, flow of petro-dollars which refers to the income coming from exporting oil and its products to other countries, broad and clean road networks, etc. It represents a face of modernization and advancement and has earned a place amongst one of the most technically advanced countries in the world. This rapid development of the country was a result of the focus of the government on tourism thus promoting the real estate sector with the help of revenues coming from export of oil and natural gas. With the largest real estate company of Dubai Emaar properties becoming bankrupt in the United States and vaDubai proposal to delay the repayment of all its debt’s for a period of 6 months on November 26, 2009 the financial crisis in Dubai was exposed in front of the world which had bad effects on countries around the world. The debts were as large as $59 billion causing a stop to the investment cycle of Dubai for 6 months. The Dubai’s real estate industry was based on huge loans which they expected to pay through the revenues they earn from them but with recession hitting the industry badly their plans failed. Thus the Dubai’s financial crisis to a large extent can be said to be a consequence of real estate bubble burst in Dubai. Dubai’s Economy: Before getting to the financial crisis it is important to know the structure of the Dubai’s economy which is one of the most unique and unusual in the world. It is divided into free zones setup by the government of Dubai. The zones are industry specific with Jebel Ali free zone being the fastest growing in the world. The Jebel Ali free zone offers a set of products and services such as: ready to use offices, Business centers, factories, Warehouses, infrastructure ready plots etc. Jebel Ali free zone commonly referred to as Jafza is a part of Dubai based; a s tate owned Economic Zones World. It is one of the world’s biggest developers of Economic Zones, Logistics and Research and development driven Industrial Parks. The main free zones of Dubai are Jebel Ali free zone, Dubai Internet City, Dubai Media City, and Dubai Maritime City which are based on the industries they are related with. People have false misconception about Dubai’s economy they believe that it’s mainly driven by oil and gas although the oil sector comprises of less than 6% economy of Dubai that was primarily dependent on oil as a main source of revenue in the past. Dubai being a part of the United Arab Emirates is expected to be great producer of oil, petroleum and natural gas although it is a good producer but compared to other countries of the United Arab Emirates it produces relatively lesser quantities of oil. Dubai produces 240,000 barrels of oil per day and its revenues from natural gas constitute only 2% of the total revenue that United Arab E mirates gets from natural gas. Although it is true that Dubai’s economy was initially build on the revenues generated by its reserves of oil and natural gas but with time it’s oil reserves have reduced significantly as a result of a large increase in the demand for oil and oil products around the world and over the years and Dubai exporting a great amount of oil to other countries it is expected that Dubai’s reserves of oil will get exhausted in the next 20 years and so it has concentrated on the tourism industry to generate good revenues at that time. (Dubai hit hard)

CourseHND health and social care (topicworking in partnership) Essay

CourseHND health and social care (topicworking in partnership) - Essay Example Client interactions form the basis of Client involvement. Client interactions sometimes are nerve wracking. To involve clients it is essential to build a strong client relationship. A good starting point is to work on the little things like Having informal meetings outside of your formal meetings with the client that can really help your status as their trusted advisor. Hence you can get some information that was not shared in the formal meeting that can even further help you serve their business needs. It also might help you to learn more details about their business, which also helps you to provide service to them better. Client involvement is based on the premise that people with learning disabilities and mentally ill is people first. It focuses throughout on what people can do, with support where necessary, rather than on what they cannot do. The various changes in client involvement have resulted in innovative approaches to partnership working. Effective partnerships are very essential to achieving social inclusion for people with learning disabilities. The changes have made the client groups with mentally ill and learning disabled more independent and respectable. The changes also provide the clients core services which are seamless fast and responsive. By working in partnerships with other local agencies, the clients are provided physical, social and emotional support with life limiting disorders in their own homes as an alternative to hospital-based care. b) Objective To illustrate the development of working in partnership prior to NEW LABOUR GOVERNMENT and to analyze various legislation issues. Development prior to New Labour Government Prior to New Labour Government partnership working was not widespread because of A lack of agreement about values and service objectives. An inability or unwillingness to agree on financial arrangements. Low priority being given to joint working within organizations. Children Act 1989 Under the Children Act 1989, Local Authorities, have a general duty to safeguard and promote the welfare of children within their area who are in need. Local Authorities should work in partnership with parents; the first option must be to work with the parents by voluntary arrangement. The authority by working in partnership with the local agency must assess a child's needs and promote the upbringing of children. The following have been provided by working in partnership with the local authorities: Day care for pre-school and other children. Provision of accommodation for children Advice and assistance for mentally challenged children. NHS Community Care Act 1990 The NHS and Community

Q8 Essay Example | Topics and Well Written Essays - 750 words - 2

Q8 - Essay Example ast that everyone has difficulty keeping up with them and developing conclusive interpretations about their effects on organizations (Weitz and Shenhav 2000). The balanced-scorecard measures would help to identify advances in technology, especially computer, information, and communications technology, have presented organizations and managers with dramatic new challenges and opportunities, and researchers have been pressing to develop the theoretical and research grounding needed to understand and manage these developments. The rapid advent of computer applications, the Internet, and other forms of information and communication technology have major implications for organizations and their management, but people have trouble saying exactly what effects they have and why. As for effects on public organizations, especially until recently, research has been scarce. The rational for the balanced-scorecard is to investigate and analyze new trends in information systems application and the ir impact on communication, effects on corporate design, structure and productivity. The framework helps to explain why even very similar technological initiatives can have very different outcomes, because of different organizational and institutional influences on their implementation. Fountain also describes how such influences raise formidable challenges for successful utilization in government, given the strong, often entrenched organizational and institutional influences. These components of the framework combine to influence the way technological initiatives play out (Castellano and Young, 2006). 2. The main criteria I will use to assess the information technology are desirability and efficiency test. The objectives of the analysis are to (1) identify the main applications of information technology in a given organization; (2) analyze their impact on a corporate organization, (3) identify the main trends and factors which influence implementation of information technology and (4)