The business world is a very complex and erratic world that is congested with money, work relationships, politics, phone calls, talking with many characters, the virtues of wisdom and intelligence in decision-making, the concepts of buy and sell and supply and demand and many, many more ideas and cycles involved in this convoluted portal.
The business world is quite a gamble in many ways. You are never absolutely sure about the resolutions and the judgments you engender in relation to commerce, dealings and negotiations. Abu Dhabi plays and contributes to this very particular business world in a very enormous manner.
Since Abu Dhabi is, next to Dubai, the most populous country in the United Arab Emirates (UAE)—“approximately 860,000 people lived in Abu Dhabi as of 2007”—and it is also one of the “world’s largest producers of oil” (O’Sullivan, 2008, p. 256), their people are a very big portion in relevance with the amount of individuals who are involved and deal with trade and commerce and we, the people are the greatest and most essential cog in the workings of business and transactions because we are the solitary element and component that makes the whole world of business go round.
Since Abu Dhabi consists of a great quantity of the population in the United Arab Emirates, without this amazing and extremely diligent and industrious nation, many of those incorporated in doing business and operating with many products and merchandise will not be able to become employed, share and work together with the world and, especially, neighboring countries. Also, because Abu Dhabi is one of the world’s largest oil producers, this country is very rich financially due to the fact that they are very rich in terms of their natural resources.
The Essay on Differences in Business Practices in Islamic Countries Compared to the United States
The purpose of this paper is to give professionals working in Islamic countries a better understanding of the business system in those countries. The Islamic world may be complex as its 1.3 billion people, but there is one rule is straightforward for all Westerners and should never be broken if you want to do business in this area. “One thing you do not bring up is the Palestinian-Israeli ...
These natural resources is their form and source of revenue and this continues to richen the country, itself and this will provide them with a sufficient budget to enhance the situations of many citizens of Abu Dhabi. Because oil is currently a very precious, valuable and costly amenity on our Earth, lands, such as Abu Dhabi, can be a very vital, major and intensely urgent existing entity in our world. In further addition, Abu Dhabi has been striving to “diversify its economy” by means of acquisitions in tourism and financial services (Davidson, 2009, 74).
Though Abu Dhabi may not be the most recognized country in some areas and it may not be as seemingly significant and central as many other countries in terms of businesses, but it will definitely give us a more improved and an ameliorated economy and financial system. The economy is truly not what it was a few years ago and these are very difficult and strenuous times and so Abu Dhabi is a very wonderful blessing most substantially in these desperate and threatening period of time.
In conclusion, Abu Dhabi represents a hope in a forlorn and demoralized time brimming with failing stock markets, low employment rates and so much more factors that characterize and embody the very unfortunate situation of our economy. When we know that Abu Dhabi exists in the business world while it remains a very populous and industrious country abounding with oil resources and enterprising people, we should trust and believe that there will be a chance for us to rise above our financial setbacks.
The reason for this is because Abu Dhabi, with the uplifting story of their transformation from a simple pearl-fishing port to an immensely prosperous and profitable nation (Fahim, 2008, p.65), should be able to inspire us and teach us that we, too, have the capacity to fight against our obstacles to success in our time of hardships and distress with respect to our economy.
References
Icon Group International. (2009).
The Essay on Oil Prices And Performance Of Abu Dhabi Islamic Bank
Oil prices are major indicator of the Global economy. The slump in the oil prices was an indicator of the economy going down and heralding of the recessionary period. The worse fear of the world came out to be true when the economy actually went into recession and is currently reeling under the job cuts and the slowing down of the financial sector. There is another linkage parameter similar to the ...
The 2009 Economic and Product Market Databook for Abu Dhabi, The United Arab Emirates. ICON Group International, Inc.
Davidson, C.M. (2009).
Abu Dhabi: Oil and Beyond. Columbia University Press.
Rehman, A. (2007).
Dubai & Co.: Global Strategies for Doing Business in the Gulf States. McGraw-Hill.
Fahim, M.A. (2008).
From Rags to Riches: The Story of Abu Dhabi. Booksurge Llc.
O’Sullivan, E. (2008).
The New Gulf – How Modern Arabia is Changing the World for Good. Motivate.
