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Dubai – Undisputed Business Capital of the Arabian
Gulf
Dubai is the most dynamic business location in the Middle
East and has overtaken other centres such as Bahrain and
Beirut. Perfectly situated in a time zone midway between
the Far East and Europe, Dubai serves as the ideal business
location. Encouraged by the enlightened policies of its
rulers, the city boasts a progressive commercial environment
brimming with vitality and international flavor, a very
active trading and finance community and exceptionally
high living standards.
Government
Dubai is the second largest emirate, and is also the
name of the city which is the commercial capital, of the
seven – emirate United Arab Emirates. The Federal
capital is Abu Dhabi, the largest emirate and a major
oil producer, whilst the remaining members of the federation
are Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and
Fujairah. Dubai has its own Government, lead by H.E.
Crown
Prince Sheikh Mohammed bin Rashid al-Maktoum,
within the Federal structure and business investors need
only deal with the Dubai Government – which has
a well deserved reputation for speed, transparency and
efficiency.
Culture
The UAE is an Arab and Islamic country. Arab traditions
influence the lifestyle, yet a great effort is made by
the Government to make the large resident expatriate community
– as well as visitors - feel welcome and appreciated.
Dubai has always been a cosmopolitan city with historic
trading relations extending to India and beyond as well
as across the Gulf to Iran. This has developed an acceptance
of different cultures and lifestyles that is unique in
the region.
Infrastructure
Dubai's infrastructure is very well developed and efficient.
Its service sector includes major international banks,
lawyers, accountants and other professionals. The Government
takes great pains to maintain Dubai’s reputation
as a place where everything works and things get done.
Communications
Telecommunications, including GSM mobile telephones, fixed
lines, pagers and the Internet, are world-class and inexpensive.
Local and foreign television, radio newspapers, magazines
and books are freely available. The official language
is Arabic, but English is very widely used and is ubiquitous
in business. The Dubai time zone is four hours ahead of
GMT and four hours behind Tokyo.
Currency
The currency of the UAE is the UAE Dirham ( AED or Dhs.),
which is divided into 100 fils. The Dirham is pegged to
the US Dollar at the rate of Dhs. 3.67 to US$1.00. There
are no exchange controls, very few other restrictions
and Dubai moneychangers and banks can exchange a vast
range of currencies.
Business Hours
Office hours vary but are generally from 8am to 1pm and
again from 4pm to 7pm from Saturday to Thursday (known
locally as a “split shift “ ). Most government
offices are open from 7:30am to 2:30pm from Saturday to
Wednesday and are closed on Thursday. Banks are open from
8am to 1pm Saturday to Thursday but some remain open later.
Friday is the weekly holiday for all office workers but
shops, etc, remain open. Some companies also close on
Thursday afternoons others, notably in the service sector,
work all day on Thursday but are closed on Saturday.
Dubai Airport
Dubai International Airport (DXB) is served by some 70
airlines which fly to more than 100 destinations around
the world. Flights in and out of the city are frequent
and travelling is easy. The airport is very efficient
whilst Emirates – the emirate’s own airline
– has an excellent reputation for innovation and
high quality service.
35 nationalities can obtain a visa on arrival.
The Dubai Airport Duty Free
The world famous Dubai Airport Duty Free never closes
and offers some of the cheapest prices in the world for
cosmetics, electronics, tobacco and alcohol. Dubai Customs
allowances are reasonable. Staff are multi-lingual and
all major currencies and credit cards are accepted.
Transport in Dubai
Hiring a car and driver is recommended for getting around
Dubai emirate and costs from Dhs. 500 per day including
fuel (US$ 136) .Within Dubai City itself modern and air-conditioned
metered taxis are abundant and are more convenient than
a hired car. Flagfall is Dhs. 3.0 (US$ 0.82) and then
Dhs. 1.25 / Km. Airport taxis and taxis standing at hotels
may legitimately charge a surcharge.
Accommodation
There is a vast range of world-class short, medium or
long term accommodation in Dubai. Options range from large
villas to five-star beach hotels to small serviced flats
and longer term lets. Standards are uniformly high.
Climate
Dubai has an arid desert climate. Sunny, blue skies can
be expected almost the whole year round. Rainfall is infrequent
and irregular, falling mainly in winter. Temperatures
range from a winter low of about 10.5°C/50°F to a summer
high of 48°C/118°F. The mean daily maximum is 24°C/75.2°F
in January rising to 41°C/105.8°F in July. Summers are
humid.
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