Inflation In UAE

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The UAE is the federation of 7 Emirates in which they are Dubai, Ajman, Umm Al-Quwain, Sharjah, Abu Dhabi, Al-Fujayrah and Ras Al-Khaima. All these Emirates are governed and ruled by the Federal Supreme Council. Dubai as well as Abu Dhabi not only they are the richest but they dominate UAE economy. In UAE the oil was discovered about 35 years ago and starting from that time, UAE was no longer a desert; it became a modernistic country with high criterion of living. After the economic crisis, the economy of UAE has shrinked in 2009 where oil prices decreased and narrowed international credit. The UAE has responded to the crisis by increasing and boosting liquidity in the banking sector. Moreover UAE strategic plan for coming years is focusing …show more content…

Consumer price inflation increased to become 11.7% in 2007 and 11.5% in 2008. This led to depreciation of the US Dollar against the world most major currencies, increase in prices of non-oil imported goods priced in Euro, Japanese Yen, or British Pound Sterling and increasing domestic demand pressures. Although rents, high food prices, and in addition imported inflation was a very important factor, not to mention also that rising real-estate and property prices has been the main driver of inflation. In result of timely policies of monetary management as fiscal management by the government CPI inflation was down to 1% in 2009.For the coming years, inflation is projected to stay stable and manageable at 2.2% and …show more content…

With regard to information disclosure of private intermediaries; its low and inconsistent which gave most intermediaries the freedom to act toward several accounting estimates.
• Taxation (linked to accounting): Germany accounting rules are conform to tax law and there is a close link between tax and financial accounting. However to stay clear from dual taxation USA companies in Germany have their tax governed by a particular protocol.
• Political and economical ties: Germany and USA had strong foreign direct investment ties together which made Germany to be the 5th major FDI in USA. In 2010, $213 billion was directly invested in the USA on the other hand USA FDI in Germany was $106 billion. Its invests on industries such as chemicals and services (financial industries). Moreover In 2011 USA was one of Germany major exporters outside the EU. German companies employ roughly 500 thousand Americans.
• Inflation The Inflation rate is announced by the Federal Statistics Office and based upon the consumer price index (CPI), the rate was1.24% in 2014.
• Level of

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