When Sheikh Mohammed gave the green light to his project managers to construct the Burj Khalifa, a Dubai skyscraper 40 percent taller than the world tallest building, it became fairly apparent that the Sheikh had some big global ambitions for his oil rich bit of turf, the United Arab Emirates (UAE).
While the Burj may be reaching for the Arabian stars another manmade construction was already well underway in the UAE, a fiscal paradise. Indeed, the Dubai International Free Zone (DIFC), which has managed to lure 313 authorized lenders, insurance firms, asset management companies and fund firms. Among them are 22 of the 25 biggest banks in the world. In figures what this all means is an inflow of foreign direct investment of 30 billion Dirham or $8.2 billion into the UAE in 2012, which is up from $7.68 billion compared to the year before.
There are already 38 free zones in the UAE and already there are plans to construct another nine free zones. There are several fiscal advantages for doing business in these free zones. For example, registered businesses are exempt from taxes when they repatriate their capital, registered companies don’t have to pay import or export duties. Free zone companies are even exempt from paying municipal taxes. Moreover, each zone is treated as an “offshore jurisdiction” under UAE law and they are virtually autonomous with their own administration, legal system and favorable tax incentives with the intended aim of luring top financial institutions and other companies from around the world to set up shop there.
The federal government of the UAE has also made, Abu Dhabi, the capital of the Emirates, a free zone last year. The name of the new free zone, “Global Marketplace Abu Dhabi” (“GMAD”), undersco...
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...to Tunisia and recent estimates now but the figure to under 6 million tourists.
Then there is Egypt with already three elections in as many years. Observers are now waiting to see what impact these new elections will have on the country’s economy and security situation. But some voters are showing signs of election fatigue and downright cynicism over the electoral process. A BBC reporter notice a young man loitering in a crowd, “Don’t you want to vote,” the journalist asked the young man. "I didn't take part in the revolution and watch my friends die to then vote in an election that is nothing but a show," replied the young man. The country’s former army chief has been tipped to win.
So the extent to which these emirate financial free zones triumph may also depend on how the delicate situation in North Africa and parts of the Middle East unfold. Time will tell.
Stephen J. Dubner and Steven D. Levitt believe that voting in an election is seemingly ineffective, that the chances of you winning a lottery and actually affecting an election are very similar. This article I’m analyzing questions why we vote, and if voting is even worth your time.
Voting is at the center of every democratic system. In america, it is the system in which a president is elected into office, and people express their opinion. Many people walk into the voting booth with the thought that every vote counts, and that their vote might be the one that matters above all else. But in reality, America’s voting system is old and flawed in many ways. Electoral College is a commonly used term on the topic of elections but few people actually know how it works.
Which is not to say that voter turnout had been impressive in previous years, at it’s highest percent in 2008, it was still only 63.7 percent. For Rousseau’s ideal democracy, this is an abysmal rate of participation, especially considering that presidential elections receive the most attention by far. Voter turnout for local elections is even worse, with only a sad 11.89 percent voting in the 2015 Mayoral election (Petty). However, the general will is more than just the will of all.
From its early period, the United States has obtained an indirect type of democracy, and has always had contentment that its citizens are allowed to vote for their representatives, especially the President. Nevertheless, the amount of citizens that actually vote in nationwide elections has decreased noticeably over the years. Voter participation and turnout has been declining in the United States throughout history. Voter turnout, the percentage of eligible individuals who actually vote (Ginsberg), to this day is lower than it was in the 1900’s. Since 1912, presidential elections have only had about 50 to 65 percent of Americans participate. This means that about half of United States citizens who are eligible and have the freedom to vote have failed to participate in presidential elections. At the end of the nineteenth century voter turnout started plummeting, reaching the 60 percent level by the election of 1912 (Teixeira, 1987). The declining rate of voter participation in the United States is due to voter registration and procedu...
Austin Ranney does not dread that low voting is hurting American democracy. Arend Lijphart believes that democracy is meaningless without voting. The fact that to many people do not vote for Presidential or Congressional elections concerns him. With numbers like 49 and 55 percent of the eligible population voting on Presidential elections, Lijphart questions the actual democracy in America. Low voting turnouts is giving large groups more control over government ideals. Lijphart thinks the best way to solve this problem is to raise turnouts in a variety of ways. Things like weekend voting and easier ways of acquiring absentee ballots will increase the number of voters. Also, having multiple elect...
The Arab Spring was an event which became known throughout the world. According to Jason Brownlee, Tarek Masoud and Andrew Reynolds (2013), the Arab Spring started at the end of 2010 in a Middle Eastern country identified as Tunisia (p.29). This shows that a Middle Eastern country had ejaculated a force of civil motivations of activism in the Arab Spring, and this played an important role for the oppressed Arab citizens to demand equality and human rights. Yakub Halabi (2014) claims that a majority of Arab nations have ‘authoritarian’ systems of government with a lack of a unified community (p.100-101). This shows that democracy is lacking in many Arab nations in the Middle East while the citizens of those countries are vulnerable to conflict because of the social circumstances surrounding Arab nations. In addition, Brownlee, Masoud and Reynolds (2013) elaborates on the idea that subsequent to Tunisia’s Arab Spring, Egypt, Libya and Yemen had participated in the Arab Spring, and this caused the risk of civil, political and social unrest being extremely high in 2013 (p.29). This is relevant evidence that Tunisia, Egypt and Yemen are in a worse position than they were before the Arab Spring. The Arab Spring was portrayed as a stride for Middle Eastern states to become an equal democratic utopia. However, an unstable economy, foreign intervention and paid terrorists were some of the reasons of the Arab Spring being unsuccessful for inserting democracy into the channels of politics in several Middle Eastern countries.
The U.S. is not known for high voter turnout. Consistently, the United States has fallen short in comparison to other “well-established democracies” (Fair Vote). United States has one of the lowest
America’s low voter turnout has been attributed to the political parties’ failure to enliven the potential voters with the awareness and competitiveness in elections and the overall difficulty of the registration and voting process. The research portion of this project was predominantly provided from four books focused on voter turnout, whether it was perceived to be increasing or decreasing. The article was found using one of the books and altogether the sources provided analytical and institutional perspectives on American voter turnout. I believe voter turnout, along with voter registration, is steadily declining in America due to multiple factors, though the topics touched on above are largely impacting us today.
In comparing the average citizen in a democratic nation, say the United States, to that of a non-democratic nation, for instance Egypt, it will be found that the citizen in the democratic nation is generally better off – free of persecution, free from fear of the authorities, and free to express his opinions on governmental matters. And while national conflicts occur everywhere, incidents like violent revolts have shown to be more prevalent in nations where citizens are not allowed to choose who governs them. It is slightly paradoxical that democracy, so inherently flawed in theory, can lead to such successful outcomes in practice. The question, then, becomes: “If democracy has so many weaknesses, why does it work?”
The action of voting is such important role in how our country is going to be developed, especially effects on the economy, foreign relationships, society, etc. People are becoming much involved in politics, which is extraordinary because it means that the people are understanding how important their vote is and how it brings change to the issues that truly bother them. Many citizens don’t vote because they are either lazy or too busy, they either have jobs, classes, families, or other responsibilities take care of, but voting is a responsibility that should be attended. Voting could be the thing to prevent awful political leader’s to be put in office who are not focusing on what’s truly important, which is the people, which means that
Google should note UAE climate, Islamic culture & the Arabian language to their employees as a country Hosts more than 100 nationalities, that’s a bit relieving for the employee as he may meet people from His own country.
Gibling C. 2013. Construction Process and Post Construction Impacts of the Palm Jumeirah in Dubai, United Arab Emirates. Memorial University.
In addition, the government decision to build Burj Khalifa was to explore its functions from oil-based economy to an economy that is tourist motivated. Many officials in the region brought forth the importance of building the Burj Khalifa so that it could enhance investment.
Have you ever wanted to see the world’s richest country? That is covered with exotic beaches. Food that will defiantly cure your taste buds. Luxurious cars everywhere you turned your head. Seeing different people from all over the world coming to visit. A place that’ll for sure entertain you. To get a taste of this lifestyle that’s overseas, you need to visit Dubai.
Another key point is that the Dubai’s real estate market is more investor-friendly, strict rules and regulation formed by the regulative authority protect the investments and encourages genuine transactions, than inflationary trends. Also, for those who want to acquire home finance, loans are definitely economical at present, than they were at the peak of the market in 2007- 2008, with interest rates being more striking and more contending products being offered by the lenders. With an off-plan property, buyers can take advantage of cheaper prices offered by developers, who also offers structural payment plans so buyers can pay in segments as the construction goes