792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ... 792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

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16. Languages: Arabic (official), Persian, English, Hindi, Urdu 17. Literacy Definition: age 15 and over can read and write Total population: 77.9% Male: 76.1% Female: 81.7% (2003 est.) 18. School life expectancy (primary to tertiary education) Total: 13 years Male: 13 years Female: 14 years (2009) 19. Education expenditures: 1.2% of GDP (2009) 20. Maternal mortality rate: 10 deaths/100,000 live births (2008) 21. Health expenditures: 2.8% of GDP (2009) 22. Physicians density: 1.93 physicians/1,000 population (2007) 23. Hospital bed density: 1.9 beds/1,000 population (2008) 24. Obesity - adult prevalence rate: 33.7% (2000) 2. Economic Overview of UAE Basic Economic Facts (Economist Intelligence Unit, July 2011) GDP: USD360 billion Annual Growth: 2.1% Inflation: 0.9% Major Industries: Oil, gas, Petrochemicals, manufacturing & construction Parul Institute of Management and Research - 792 Page 10

Major Trading Partners: Exports: Japan, India, Iran, South Korea, Thailand. Imports: India, China, US, Germany & Japan. Aid & Development: None Exchange Rate: AED 3.67 = USD 1.00 (February 2012) The UAE has one of the highest GDP's per head in the world. Although it is still profoundly dependent on revenues from hydrocarbons, the UAE is comparatively well insulated from periods of low oil prices due to successful moves towards economic diversification, large foreign exchange reserves and investments in foreign countries . The global economic crisis is being felt in the UAE with a number of projects being either shelved or cancelled. There have been redundancies across all sectors, and mainly in construction. The lack of funds and credit, while mild as compared to Europe and the US is beginning to have an effect. Abu Dhabi has approximately 10% of the world's proven oil reserves and 5% of the gas. The Emirate also has an impressive investment portfolio financed from oil income. Dubai is different. Its hydrocarbon reserves are far more limited, and therefore its economy is more diverse - based on a vision of making Dubai the region’s business, logistics, media & leisure hub. The Northern Emirates fair less well, though Sharjah and Rasal Khaimah have established themselves as bases for manufacturing and Fujairah is starting to make more of its East Coast location. The Northern Emirates are to a greater or lesser extent, dependent on Abu Dhabi and funds from the Federal Government. Parul Institute of Management and Research - 792 Page 11

Major Trading Partners: Exports: Japan, India, Iran, South Korea, Thailand.<br />

Imports: India, China, US, Germany & Japan.<br />

Aid & Development: None<br />

Exchange Rate: AED 3.67 = USD 1.00 (February 2012)<br />

The UAE has one of the highest GDP's per head in the world. Although it is<br />

still profoundly dependent on revenues from hydrocarbons, the UAE is<br />

comparatively well insulated from periods of low oil prices due to successful<br />

moves towards economic diversification, large foreign exchange reserves and<br />

investments in foreign countries . The global economic crisis is being felt in<br />

the UAE with a number of projects being either shelved or cancelled. There<br />

have been redundancies across all sectors, and mainly in construction. The<br />

lack of funds and credit, while mild as compared to Europe and the US is<br />

beginning to have an effect.<br />

Abu Dhabi has approximately 10% of the world's proven oil reserves and 5%<br />

of the gas. The Emirate also has an impressive investment portfolio financed<br />

from oil income. Dubai is different. Its hydrocarbon reserves are far more<br />

limited, and therefore its economy is more diverse - based on a vision of<br />

making Dubai the region’s business, logistics, media & leisure hub. The<br />

Northern Emirates fair less well, though Sharjah and Rasal Khaimah have<br />

established themselves as bases for manufacturing and Fujairah is starting to<br />

make more of its East Coast location. The Northern Emirates are to a greater<br />

or lesser extent, dependent on Abu Dhabi and funds from the Federal<br />

Government.<br />

Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 11

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