Question

1. Explain the below in detail about UAE's cultures of International Business.

2. Mention what is the interesting about it & what you don't agree with their culture.

3. Also explain in detail the country's response to the COVID-19 virus with special emphasis on the Political, Social, and Economic (BUT MOST OF ALL CULTURAL) factors.

Answer 1

Answer -1) United Arab Emirates (UAE) is in a location where it has good relations and trade with almost every country. Diverse cultures and commerce has been a part of UAE since ages. Foreign investments and trades are given a free market unless it is against islam law. As most of the people here are Islamic , any international trade shouldn't be against islam but the government provides all the necessary arrangements to promote the international business such as no corporate taxes, no limit on revenue transfer, low corporate taxes , cheap labour etc. The Culture is very friendly and welcoming where their is little custom duties to export and import and people believe in working with trust and commitment. This has resulted in many companies and organisations exploring markets of UAE and thus globalising the economy. The Culture is also very organized where the "sheikh" , top business of UAE talks with the international company heads and listen to their ideas and thoughts and believe to have a strong relationship with the companies.

Answer-2) The most interesting thing about their Culture is openness and developing new innovations to promote the economy. UAE has been one of the countries which spends deliberately in innovation to have more cost effective and convinent methods of doing business. Another thing which I like about their Culture is that most of them follow Arabian Culture but they also respect the minority religions like Christianity and Hinduism.

Everyone has to follow the rules and policies - this is what i dont like with their Culture. Everyone whether they like it or not, they have to follow the rules set hy islam such as you cant sell pork , you cannot import any product which disgraces their god etc.

Answer-3) UAE has done all the necessary precautions to protect the people and its economy from the adverse affects of this virus . Political factors - Sheikh Mohammed Bin rasul ,ruler of Dubai announced that the most important thing for UAE is its People's health and that all the people in government will do everything possible to help country overcome this situation. Govt has introduced a new policy GHADAN 21 to help small and medium companies by easy loan Facilities . Social factors where the people has been asked to stay indoors and maintain social distancing. Anybody found not the obeying the regulation will be a victim of fine or prisonment. Economical factors were 80% of the people are asked to work from home and many reforms have been take where local markets rent have been waived off , and that UAE central bank will pump around millions of dirham into economy. Cultural factors where the people are respecting the government rules and regulations. They are not panicking and following all the protocols given by the government. Their Culture is very organized where they have a complete system or blueprint of how to tackle this virus by minimum casualties.