TASK-2
UAE POPULATIONThe United Arab Emirates is an Arabian Peninsula nation settled mainly along the Persian (Arabian)
Gulf. The country is a federation of 7 emirates. In this month UAE population reached to 9,524,941
Graph shows UAE population between 2008-2016
UAE EDUCATION LEVELDubai: Educational institutions in the UAE have started using artificial intelligence (Ai) and machine learning to
predict students at risk of dropping out, the employability of graduates, and other patterns, according to a Dubaibased data science company. Education remains a top government priority in the United Arab Emirates
sustainable development goals and, as such, this sector has experienced rapid expansion. Over the next few
years, the number of private schools in Dubai and Abu Dhabi is projected to grow dramatically in anticipation of
significantly increased enrolments – 400,000 students in Dubai by 2020, and 283,800 in Abu Dhabi by 2021;
compared to 265,299 and 238,632 respectively in Dubai and Abu Dhabi in 2016. The UAE government concern
to implement on education sector and futures classes going to be like
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

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Distributed learning spaces.
Greater emphasis on Project-based learning.
Emphasis on cross-curricular learning.
Greater use of online tutoring apps and online educational platforms.
Robotics education will prove to be essential in promoting innovation.
All future students will speak Arabic.
UAE LEADING EXPORT AND IMPORTSUnited Arab Emirates main imports are: pearls and other precious metals and stones (31 percent of total
imports); machinery, sound recorders, reproducers and parts (18 percent); transport vehicles (12 percent);
base metals and articles thereof (9 percent) and chemicals and related products (6 percent). Main import
partners are: India (17 percent of total imports), China (9.1 percent) and United States (9 percent). Imports
in the United Arab Emirates increased to 845800 AED Million in 2016 from 822300 AED Million in 2015. Imports
in the United Arab Emirates averaged 504774 AED Million from 2000 until 2016, reaching an all time high of
861600 AED Million in 2014 and a record low of 128570 AED Million in 2000.
United Arab Emirates’ economy is highly dependent on the exports of oil and natural gas (40 percent of
total exports). Others exports include: pearls and other precious metals and stones (28 percent of total
exports), machinery sound recorders and parts (9 percent) and transport vehicles (6 percent). Main export
partners are: Japan (16 percent of total exports), India (14 percent) and Iran (11 percent). Exports in the
United Arab Emirates decreased to 1096700 AED Million in 2016 from 1103500 AED Million in 2015. Exports in
the United Arab Emirates averaged 727924.35 AED Million from 2000 until 2016, reaching an all time high of
1362600 AED Million in 2013 and a record low of 177800 AED Million in 2001
UAE SERVICE SECTORThe UAE has been one of the most successful countries in the region for its diversification efforts,
and this strategy has been supported by investment in services such as tourism and financial
services. HSBC’s research shows that the contribution of services to total exports in the country rose
from 16 per cent in 2000 to 23 per cent in 2015. The remain things are expected below line.
The UAE service sector
25
22
20
20
18
15
14
13
10
10
5
3
0
tourism
industry &
manufacturing
financial
service
construction
others &
government
service
retail
oil
the UAE service sector
UAE OF STANDERD LIVING –
The UAE counties providing world class facilities. Last year saw a dramatic decrease in the cost of
living in many cities in the UAE and in the 2012 Mercer cost of living survey no cities in the UAE featured
in the top ten most expensive cities in which to live; Abu Dhabi (76) overtook Dubai (94) in the rankings
and became the most expensive city in the United Arab Emirates. As with many cities, accommodation
will represent the biggest cost that expatriates face. the remaining things mention below.
UAE standerd of living
others
10,53
Utilites
4,14
Transpotation
3,56
Groceries
6,17
Eating out
11,93
Accomidation
64,23
0
10
20
30
40
UAE standerd of living
50
60
70
UAE ECONOMIC PROBLEMSThe UAE is not really "one country". It’s a loose federation of emirates trying and struggling to turn themselves
into a modern society. Law, education, political structures, social structure and industries are all in a state of flux
and in the process of being built and defined. Not all emirates have oil! Abu Dhabi has the bulk and is obscenely
rich. Dubai is energy self-sufficient but uses its small reserve to build the local economy rather than exporting it.
The northern emirates struggle economically with high unemployment and mostly get along through tourisms
and trickle-down effects from Abu Dhabi and Dubai. Income inequality is obscene in the UAE! Its the whole
worlds income spectrum compressed into a single small country. I have walked(!) and driven quite a few areas
where tourists mostly go to Dubai and Abu Dhabi and not seen remain cities.
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The UAE is only auto mobile dependent countries.
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Recent survey says, the oil production rate drastically decreases
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High provision of roads, that encourage usage of cars, literally it casts global warming
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Less percentage using public transport.
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Climate change challenges the UAE, it increases air condition usage and decrease tourism.
Task-3
ECONOMIC CONDITIONS OF DUBAIDUBAI POPULATIONDubai is located in the United Arab Emirates and is the capital city of the Emirate of Dubai. This global city has
become known as the Middle East’s business hub and for being a city of rich culture, and it is also renowned for
its beaches, sunny weather, deserts and hospitality. Its diverse and fast-growing economy has led to incredible
growth through the decades. In 2016, the population of Dubai is over 2.5 million, and the city is expected to see
continued steady growth in the years ahead. 19th May 2018, Dubai population reached to 3.05 million.
Dubai population by nationalities
4,20%
1,50%
0,30%
5,20%
7,50%
43,30%
17%
23%
Indian
Emirati
Pakistani
Bangladeshi
Filipino
Sri lankan
American
Other countries
DUBAI STANDARD OF LIVINGDubai is a very expensive city, and the rent in Dubai will bite a large chuck out. Despite there being all around
country people living in Dubai. Mostly money spend for accommodation only. Dubai is not among the Top 100
or even the Top 150 most expensive cities in the world. Dubai stand of living mention below
Dubai standard of living
Accomidation
12; 11%
6,5; 6%
9; 8%
Eat outside
61; 57%
19; 18%
Grocery
Entertainment
others
DUBAI SERVICE SECTORThe availability of high-class infrastructure has driven many manufacturing units to Dubai. Pharmaceuticals,
perfumes, chemicals and plastics, maritime, electrical, metals, sports goods and toys, textiles, wood and
furniture, paper and paper products, food and beverage, and aerospace and defines are some of the major
manufacturing activities in the Emirate. This sector is also on the government’s radar for ‘Vision 2020’. Attempts
are under way to increase its share in the country’s gross domestic product (GDP) and make it a more strategic
sector. Currently, it is the fourth-largest contributing sector to GDP after wholesale, hospitality, and financial
services
DUBAI EXPORT AND IMPORTDubai imports a variety of products. The chart above from The Observatory of Economic Complexity shows the
main imports of UAE as being gold, diamonds, jewellery, cars, planes, helicopters, spacecraft and broadcasting
equipment. The non-oil exports of the emirate rose by 23% in 2009, in comparison to the 2008 levels. The
goods worth AED42.6 billion were exported by Dubai in 2008, whereas it exported goods worth AED52.4
billion in 2009 (Dh186.1 billion, including re-exports). However, according to the Dubai Chamber of Commerce
and Industry, total exports plummeted by 16% in 2009. The major re-exporting destinations of Dubai are:
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Iran (US$ 790 million)
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India (US$ 204 million)
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Saudi Arabia (US$ 194 million
Major imports from Dubai
30
25
20
15
10
5
0
major imports from dubai
DUBAI ECONOMIC PROBLEMSDubai has been facing lot of problems, also hit the symbols of prosperity and luxury. Real state prices in Dubai
have dropped almost 50 percentage. Projects stopped, and thousands of workers laid off. Dubai has
accumulated 80billion dollars foreign debt.
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Dubai once seemed as it if hard endless amount of money to making Burj Khalifa, Burj-Al-Arab, indoor
sky scrapers and manmade Iceland’s. however most of this money was borrowed money, Dubai
struggling to back that money
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Massive 80 percentage of population are daily labour workers mainly construction, hospitality, service
sectors, Dubai struggling to pay their wages and extend working hours, non-safety working conditions
and poor living conditions.
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The laws of Dubai harsher than our living country, in these cases the tourism get effects
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Dubai must careful to manage drinking water, the cost of water purification is very high.
TASK-1
THE DECISION TO KEEP DIESEL, PETROL PRICES HIGH, GIVES REUSULTS OF BAD
ECONOMICS FOR INDIA?
SUMMERY OF NEWSA few months ago, when the government decided to not alter the tax component in
diesel and petrol prices, despite the beginning of the surge in their prices; the argument of building up revenue
pool made economic logic. But now, when the international petrol and diesel prices are surging, and the Indian
currency is depreciating, these revenues are becoming a bone of contention. Given the circumstances, should
the government hold these taxes? And is there any alternative? Also, for how long can the government hold
them up?
Incidentally, the general elections are due in next 11 months and the high petrol
and diesel prices are already pinching the middle class. This is not only a huge voter base, but ruling BJP's
maximum cadre come from this segment. The middle class bore the maximum brunt of demonetization and
implementation of GST in the country, and the pricing of petroleum products is again becoming a sore point for
them.
If we talk purely on economical parameters, this may help the government to get more revenues, but will also
lead to a price rise. The impact could already be seen. The monetary policy team of RBI is not only refusing to
reduce the interest rates but is also cautioning their colleagues in the fiscal policy monitoring division, about
impacts of inflation. Most of the economists, believe that it is much wiser to pay tax upfront than let inflation
and other means squeeze this money from our pockets. The consumers of petrol and diesel are facing heavy
taxation, and now it is fuelling inflation as well. The higher inflation will also erode the purchase capacity of both
government as well as public at large. In a way, it will reduce the value of the revenue earned. This makes the
case for the dilution of taxes stronger. The union budget of public spending and revenues was drafted on the
assumption that the crude oil prices in the international market will stabilize to $55 a barrel, along with the
benign prices of petroleum products. However, the cut down of the crude oil production in the OPEC countries
along with Russia, and massive collapse in Venezuela, led to the price soar. Subsequently, the US threat of
sanctions on Iran added the 'fear premium' to the crude oil supplies. At the same time, the commodity prices
too are regaining their upswing. But with the rise crude price along with other commodities, the policy of keeping
the prices of petrol and diesel artificially high, is inflationary. It is not only increasing the cost of transportation
but is also making manufacturing costlier. The calculations done by the Chief Economic Advisor, Arvind
Subramanian in last economic survey counted this as a big risk to the Indian economy; pointing out that every
$10/barrel rise in crude prices slows growth by 0.2-0.3 percentage points and fuels WPI Inflation by 1.7 per cent.
Petroleum Minister Dharmendra Pradhan's officials calculated that India might have to shell out $30 billion more
to buy crude oil at the same quantity. In the last fiscal, in 2017/18, India spent $87.72 billion to buy oil from the
international market, making it the bulkiest item on the country's import bill of $417.57 billion. Last fiscal, India
imported 213.9 million tonnes (MT) of crude last fiscal, about 78 per cent of its demand. The last year's trade
deficit was $13.7 billion. This is also creating pressure on the depreciating currency. On February 1, this year,
one would have required Rs 63.90 to buy a dollar bill, whereas, on May 21, the price went on to Rs 68.05 to buy
the same dollar bill.The unrest among the urban voters is obvious, who are paying through their nose to buy
these fuels. Is there a sound economic reason to continue with the higher oil prices? The answer is no. The top
league in the ruling BJP believes that their vote bank has shifted from the massive middle class to poor and
Dalits, and therefore the public spending will be better vote churner. But they are forgetting that the inflation
could hit them worse. The ball is finally in PM Narendra Modi's court.
CONCLUSIONThis story deals with Microeconomics. As per article deles with the economic problem of keep prices only
petrol and diesel in not particular cities in India, it applicable for every cities in India
BUSINESS ECONOMICS ASSIGNMENT
SUBMITED BY
NALABOTHU. MAHESH
REG.NO- 1812002
MBA(EVENING)