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Environment of the United Arab Emirates - Article Example

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The author of the "Environment of the United Arab Emirates" paper argues that the economic freedom index, rapid economic growth, penetration towards economic diversification, and WTO and OPEC memberships are the key drivers of the economic trends of the UAE…
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Environment of the United Arab Emirates
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Extract of sample "Environment of the United Arab Emirates"

Being a federation that is made up of seven principalities, each emirate is governed by a hereditary emir from whom the Federal Supreme Council is ranked the highest legislative and executive entity in the county.

This means a constitutional monarchy, acting in the position of head of state, since its establishment in 1971. c. The legal environment judicial system of the United Arab Emirates is comprised of seven varied emirates; Ajman, Sharjah, Ras al-Khaimah, Fujairah, Abu Dhabi, and Umm al Quwain, in addition to the Roman, French, Islamic, and Egyptian laws. As is in the Constitution of the UAE, there is freedom of liberty, rule of law, equality, movement, and speech. In the concept of the legal environment, Sharia is fundamental.d. Economic environment.

Further still, the economic freedom index has resulted in substantial enhancements in business freedom, government spending management, monetary freedom, and freedom from corruption. 

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