Over the last few years Abu Dhabi has diversified the economic activity through large sums of foreign and local investments in financial services and tourism. As a result Abu Dhabi has attracted a large number of people from all over the world who come and visit Abu Dhabi regularly, whereas many people stay here permanently. The development that took place in Abu Dhabi can be divided into three phases; first being the pre oil era, second phase is of the development that took place after the discovery of oil and the third phase is the recent development in construction which has attracted a large number of people from all over the world (Explorer Publishing, 2007). Abu Dhabi is located on an island in the north of the Persian Gulf and is just 250 meters away from the mainland from the nearest point. A number of bridges, most of which have been constructed recently connect the city with various parts of the country; however a large portion of the area is on the mainland which has a desert and arid climate (Davidson, 2009). Abu Dhabi city is located on the island itself but there are many suburbs on the mainland most of them are residential schemes. The hot and arid climate of the region does not support agriculture and the number of green places in the city has been increased recently through strong efforts of the government and also through the use of technology. It is quite evident that the hot climatic conditions of Abu Dhabi are not good for agriculture and therefore agriculture does not have any role in the development of the city. The major source of income of the city over the last few decades has been the production of oil as it is the largest oil producer in United Arab Emirates and accounts for 9 percent of the total oil reserves of the world. Currently the oil production stands at 2.3 million barrels per day and the government has initiated various projects for increasing the oil production to 3 million barrels per day. The major development that took place in Abu Dhabi was based on these oil reserves, however recently the government of the United Arab Emirates and Abu Dhabi city has decided to reduce their dependency on the oil sector and have introduced various other programs which include the promotion of real estate and tourism and also the establishment of various industrial zones. The various industrial zones which have been constructed to facilitate the establishment of industry include ICAD I, ICAD II, ICAD III, Al Ain Industrial City (I and II) and also the residential city which has been planned for the workers of these industrial zones. The various facilities which have been provided in these industrial cities include: 1. High quality infrastructure to support the industries which has been planned and constructed in accordance with the international standards and codes. 2. The provision of public utilities in the residential cities which have been established inside these industrial cities and near them. These facilities include cultural centers, business centers, banks, shopping malls and hospitals. 3. Various zones within these industrial cities have been specified for the various types of industries which include light goods industries, wood industries, chemical industries, engineering industries, plastic industries, textile industries, construction materials industries, oil and gas related industries etc. This classification of industries in the industrial cities has led to the formation of clusters of same type of industries within the industrial cities. 4. These industrial cities also provide the industries with various warehouses within the industrial city. These warehouses have been constru
Abu Dhabi is the capital of United Arab Emirates and also the second largest city, the first being Dubai.It was known for its pearl trade before the discovery of large reserves of oil in 1930s, however today it is a cultural and economic hub in the region…
The United Arab Emirates is one of the greatest producers and exporters of oil globally. The global demand for fuels such as oil is always on a constant rise enabling the UAE and oil companies in the country to rip massive profits. Abu Dhabi National Oil Company is the fourth largest oil company in the world domiciled in the emirate of Abu Dhabi in UAE.
Borouge is a primary supplier of pioneering, value creating plastics solutions. The company was founded in 1998 and was set up as a joint venture between Abu Dhabi National Oil Company (ADNOC) and an Austrian-based company, Borealis (Borouge, 2001). ADNOC is a major Gulf oil company, while Borealis is a top European plastics provider.
The company is based in Abu Dhabi and owns several media outlets comprising of television channels and radio stations across the United Arab Emirates. Among the managerial functions of the media company include leading, controlling, organizing and planning (Weihrich & Koontz, 2006).
Financial Market in Abu Dhabi Table of Contents Table of Contents 2 Introduction 3 Executive Summary 3 Abu Dhabi: Leading in the Middle East region in respect of the Investors Confidence 3 Abu Dhabi Financial Market 4 Mission of ADX 4 Values of Abu Dhabi Securities Exchange 4 Trading System of ADX 6 Broker 6 Abu Dhabi Securities Exchange: Operations 6 Past few Years Performance (2004 to 2008) 6 Price Appreciation and the Turnover of ADX 7 Past few Years Performance (2004 to 2008) 7 Conclusion 8 Introduction Developing the financial markets has been one of the primary objectives in most of the countries in the Gulf region from the past few years.
Abudhabi Financial Market Introduction Abu Dhabi is the capital and the second largest city of United Arab Emirates. The financial market of Abu Dhabi is dominated by the banks and insurance companies of Abu Dhabi. The financial market has played a key role in the rapid growth of the energy sector and renewable energy industry of Abu Dhabi.
2. The growth in GDP coming from the UAE real estate market will help in the development. Requirement for property in UAE has grown immensely in the past two years, thus the population will also grow by the year 2030. Due to this accommodation will have to be provided to the growing population and so it will become very necessary to develop the capital that is Abu Dhabi.
In any business that acts in a B2C environment satisfying the customers is the ultimate motive of the companies’ and the only way to form a sustainable business in the long run. However it is easier said than done. This is because it is quite