innovation too the finest.

1. Aanu Olusoga
Ethics in Business
Professor WFletcher
Term paper
Word Count: 2801

2. The case of Dubai is a very successful project. It has transformed into the perfect
vacation city and business market of the Middle East. I found it very successful in my opinion
because they began with literally nothing in today's economy. Sheik Mohammed al-Maktoum is
known for making Dubai into one of the greatest “get-away” economy on earth. It is very
motivating that Sheik Mohammed al-Maktoum began with a simple idea and made it into
reality. With the help of wide range of sorts which incorporates monetary markets and oil
incomes. Sheik Mohammed has the focal point to expand Dubai at whatever point he pleases.
For instance, He obliged more land to all the people that are willing to make Dubai their second
home. He took it upon himself to send experts into the sea, by adding tons of sand into the
water, and constructed more houses/buildings for the future economy. The beautiful
environment extended tourists which developed diverse stakeholder into the business
economy. ("Embracing Ethics in the Middle East." Arabian Business. N.p., n.d. Web. 03 May
2015.)
Dubai is known as the Middle Eastern city with a diversified nation. A lot of people in
today's society are trying to start their own small business in Dubai because the opportunities
are there. Many stakeholders that holds a little knowledge and experience in the environment
are welcome to invest in Dubai as long as funds are flowing in the economy. Since the
population of Dubai are constantly increasing the number of consumers are still rising in the
economy. Dubai has a high demand for skilled professionals because the economy are still
developing with a rapid rate. They needed more results and feedback to help their economy
improve as a nation. I found Dubai a very successful project because their nation continues to
grow at a positive rate. ("Expotrade | News | Stakeholders Meet at Dubai's Smart Skyscrapers

3. Summit to Drive Sustainability." Expotrade | News | Stakeholders Meet at Dubai's Smart
Skyscrapers Summit to Drive Sustainability. N.p., n.d. Web. May 2015. )
Some of the pros are that Dubai built a 7-star hotel that pulls in the wealthiest people in
the world. The environment provide enormous tourist and many stakeholders in the middle-
east. Since the city of Dubai follows a constitutional monarchy. In this economy tourist holds an
upper hand in Dubai economy because they can easily continue to construct their nation while
still maintaining a suitable environment for tourist. Dubai is the second wealthiest emerging
economy in the UAE. The United Arab Emirates is a developing market that experienced
changes through socially, financially, and a lesser degree politically. Since Dubai has a stunning
financial improvement over a record period of time, the country has transformed into a key
habitat for overall undertakings and more starting late for individual and many stakeholders.
(Dubai Economy. N.p., n.d. Web. 12 Apr. 2015).
The UAE economy is depicted by a high union of ownership in the hands of government
and also families. Dubai’s government feels that they need to make corporate organization
segments. They have the ability to rely on banks for continued financing. The emerging market
has the UAE included highlight of being an evaluation system. Dubai UAE has the 6th greatest
oil saves in the region. Sheik Zayed made Abu Dhabi the capital of Dubai and is now the first
president of the alliance. It was a good ethical decision for Sheik Zayed to invest in Dubai oil
business because it brought changes through the country's establishments. ("Corporate
Governance & Business Ethics: A Dubai-Based Survey. “by Obay, Lamia Abdelaziz. N.p., n.d.
Web. 12 Apr. 2015.)

4. Dubai can relate to many ethical cases for example Dubai already approve the Sarbanes-
Oxley Act and has managed a basic purpose of enthusiasm to scholars and US capital markets.
The Sarbanes-Oxley case is an act legislation passed by the U.S. Congress to protect
shareholders and the general public from accounting errors and fraudulent practices in the
enterprise, as well as improve the accuracy of corporate disclosures. Dubai perceive that one of
the best accomplishments of the Sarbanes-Oxley Act was to change the side interests of
specialists, free survey consultative get-togethers and review oversight powers with different
shareholders. The Dubai Financial Services Authority looks to redesign the accuracy and
steadfastness of study reports to secure examiners and to help change open trust in the survey
strategy and monetary expert trust in their differing capital markets. Sarbanes-Oxley Act to
Dubai is an open entryway for people to be involve all around how it applies to distinctive job,
occupations, alliance and the business. ("What Is Sarbanes-Oxley Act (SOX)? - Definition from
WhatIs.com." SearchCIO. N.P., n.d. Web. 04 May 2015.) ("Tag Archives: Dubai Employee
Benefits." International HR Forum. N.p., n.d. Web. 04 May 2015)
Dubai can relate to the “BBB” case. The Better Business Bureau case was mostly about
the self-regulatory trade associations in the United State. The BBB consists hundreds of local
chapters across the United States and Canada that operate independently, but work together
through the Umbrella organization. This can relate to Dubai’s government system because they
can operate on their own market and create their own system as a UAE economy. The limit of
the UAE to withstand the impact of the overall financial crisis displays the UAE's cash related
and monetary strength. Dubai has gained worldwide feedback and resources through its edge
structure and unprecedented business environment. It has now transformed into the overall

5. money related focus and a predictable spot to cooperate business in the middle east, reviewing
innovation theories with an outstanding and far reaching quality included stage. ("Dubai for
Business | Dubai International Financial Centre." Dubai for Business | Dubai International
Financial Centre. N.p., n.d. Web. 02 May 2015.)
Dubai can relate to the “Zappos Case”. The case was about how the company focus on
the stakeholder happiness contributed to its success the company’s corporate culture and how
it influences its relationships with their employees, the customers, the environment, and
communities. The zappos case demonstrated a leadership skill because the company believes
that it can restore its reputation by the joy of the representatives. Making them feel like a
culture that praises their uniqueness. Culture has to be practiced at both the top and the
bottom of an organization. This can relate to Dubai because Sheik Mohammed develop an
economy where tourism can come freely and willingly into the community and be entertained
by the hard the work. Where different stakeholders are moving into Dubai with their families
because the city UAE has provided an education system and other facilities for people that
choose to raise their family in Dubai. Through ethical business Dubai has been proven to
become the rising nations in the middle-east. Dubai has the sense to make their country into a
huge "escape resort" where people can come and spend their money and have some great
experience in the middle-east. Dubai can explore and make innovative, while dealing with other
attractions people from all around the globe through their flawless houses, structures, and
shorelines. Creating a free trade market with other cultures, having different tourist in the area
is making Dubai more diverse. ("Tag Archives: Dubai Employee Benefits." International HR
Forum. N.p., n.d. Web. 04 May 2015)

6. This method has helped Dubai transformed into one of the five popular urban place on
earth, Dubai’s environment has changed altogether. All through three decades, transforming
Dubai into a better business center with a more dynamic, diverse, and more international as an
economy. Dubai admires a key region and serves as the best by reconvening concentrate in the
Middle East because he is creating a future capital for many people. Abu Dhabi is the capital
state of Dubai most visitors from different region accept Dubai's incomes which came
principally from the oil. They utilized a moderate measure of oil stores to produce the
foundation for trades, export, imports, and tourism in the region. There are many people in
Dubai who make living by trading on smaller or larger scale. In Dubai you can import and export
nearly all kind of products, such as accessories, materials, fruits, and vehicles. Dubai developed
its economy by investing in the oil business. Majority of the city's keeps money and monetary
focuses headquartered in the port zone and administration commercial ventures got generally
influenced as Dubai's property business. Its toll on Dubai's property estimations, development,
and occupation. In February 2009 Dubai's remote obligation was anticipated to be around $80
billion. In fact it wasn’t that much contrasted with the sovereign obligation internationally.
Dubai remains one of the most world's best monetary urban areas in the middle-east with
obtaining force. ("15 Mind-Blowing Facts about Dubai." Business Insider.)
Through low logistical, operational costs, and splendid structure, general angle and
liberal government plans are pulling in budgetary authorities in many ways. For example,
trades, transportation, tourist, industry, and money have increased steady. These method has
helped Dubai to achieve an abnormal state of expansion and extension. Dubai’s economy
admires a forceful mix of cost, business division and characteristic central focuses that make a

7. predictable environment for neighborhoods and outcast associations. Dubai has started to build
school, malls, adding new firms, and opening different types of industries in their environment.
Dubai is the perfect base to target opportunities in a market that is hungry for new money and
related things to common theorist innovations and risk essentials. Worldwide and close
competitive players who make themselves in Dubai are now situated to endeavor the
neighborhood markets boundless. Whole deal potential for financial organization market
growth. (Dubai Economy. N.p., n.d. Web. 12 Apr. 2015).
Dubai's opens budgetary method under the UAE, which has made a reputation for being
a low crime and politically stable country. The limit of the UAE to withstand the impact of the
overall financial crisis displays the UAE's cash related and monetary strength. Emirates Airlines
uniting Dubai to more than 140 destinations around the globe, the Dubai International Airport
has dealt with 70.4 million explorers in 2014. Dubai has been moving purposely to decrease its
dependence on the oil and gas business to a broadly separated economy in light of worldwide
trade, keeping cash, tourism, land and gathering. Dubai has pulled in worldwide thought
through its bleeding edge structure and unprecedented business environment. It has now
transformed into the overall money related focus and a predictable spot to cooperate in the
Middle East, outfitting theorists with an outstanding and far reaching quality included stage.
("Dubai for Business | Dubai International Financial Centre." Dubai for Business | Dubai
International Financial Centre. N.p., n.d. Web. 02 May 2015.)
Dubai trading systemis the aid substance that offers composed electronic organizations
from diverse trade and logistics organization suppliers in Dubai. It underlines Dubai's position as
the ideal base for trading transversely over edges with its phenomenal area zone, incredible

8. establishment, and steady techniques over the private division. Government agencies over 300
of senior government powers, engineers, designers, artists, and acclaimed business partners
like Knauf, Emirates Steel, Al Ghurair Construction, ABB, Gulf Extrusions, UL, Guardian, Kone,
Foamglas and various have more from over the globe. They will plunge on Dubai. The ethical
business in Dubai is a city resolved to hold its legacy while hustling to grasp the 21st century. As
a dynamic, worldwide city, it envelops all the great, terrible and revolting of any vast city. The
experience of living and working in Dubai can be most pleasant and a good enterprise if expats
abandon themselves open to the experience and comply with a couple of straightforward
guidelines. ("Embracing Ethics in the Middle East." Arabian Business. N.p., n.d. Web. 11 May
2015.)
The economy blending diverse society make Dubai an exceptionally appealing spot for
non natives to settle and invest. However working in Dubai additionally shows a few drawbacks.
To guarantee that you are settling on the right choice. Dubai is a city with different and
numerous job opportunities that offer alluring compensation. UAE charges low assessment and
those utilized in financial free zones appreciate free expense. Dubai is a worldwide city with
tourism, real estates, and Financial services being the real divisions of the economy. It has
propelled numerous substantial development extends that draw various workers to the city.
India, Switzerland, United States, Iran, Iraq, and China are the real exchanging accomplices. In
Dubai business world Tourism plays an essential part in the economy. The city is home to
numerous shopping centers that draws in shopaholics from all over the globe. Dubai is known
as the "shopping capital of the middle east”. (Expotrade | News | Stakeholders Meet at Dubai's
Smart Skyscrapers Summit to Drive Sustainability. N.p., Apr.-May 2015. Web. 01 May 2015. )

9. The national day of Dubai is commended on the 2nd of December. In 1971, Dubai picked
up freedom from the United Kingdom. Monetary opportunities have been driven by sizeable
picks up in the administrative environment and financial opportunity. Enhanced financial
opportunity has compared with moderate levels of development. Financial changes has
solidified the UAE's position as a business, money related, and logistical Persian Gulf center
point. The apparent level of defilement has declined, yet the generally wasteful legal
framework stays helpless against political impact. (Dubai's Smart Skyscrapers Summit to Drive
Sustainability. N.p., n.d. Web. 12 Apr. 2015).
Dubai’s community contribution has pleased many individuals from different cultural.
Dubai help advance the wellbeing and prosperity of Dubai occupants. Dubai is a praising
national society and innovation, which plays an essential positive part in social and innovative
life. Dubai's emerging market are meant to surpass their stakeholders. They implied core values
principles for administration perfection, developing and gaining from worldwide best practice,
and being a pioneer. Dubai UAE is a low crime and politically-stable country. Moreover, the UAE
acknowledges financial and money related security. It is a modestly made cutting edge method
for keeping cash system highlighted with expansive credit workplaces and abundant liquidity.
The Emirate's rising capital markets are in light of a reason of driving edge developments and
sound managerial frameworks. The organization has a long, unsurprising obligation to ace
business, liberal monetary plans including the certification of authorized development rights.
The UAE benefits from relentless and concordant mechanical relations. ("Dubai Facts.” Facts
about Dubai. N.p., n.d. Web. 01 May 2015.)

10. Dubai economy has been kept open and free to attract investors and more business.
There no direct taxes on corporate profits or personal income. The economy enjoys a
competitive combination of cost, market and environmental advantages that brings new
innovations to the nation. Foreign business have flocked to the emirate to help open offices in
the region attracted by its duty and tax-free zone. Dubai boasts a number of free trade zones
that offer 100% foreign ownership, also zero taxes for foreign business. ("Is Dubai the Future of
Cities? - The Boston Globe." BostonGlobe.com. N.p., n.d. Web. 12 Apr. 2015)
After reviewing the Dubai case, I noticed that Dubai has many pros and cons involved.
The cons are that Dubai has billions loans that are nearing due, and the emirate's dedication
issues are recoloring a spot in light of re-appropriated time and cash. Dubai World's oblige are
having a delay in repaying a piece of the $60 billion it owes to credit administrators. The pros
are that Sheik Mohammed al-Maktoum made good an ethical decision by creating Dubai.
Facing the facts that they are becoming more diverse as an emerging nation. The government
are keeping tight control over information on their fiscal standing and making good ethical
decision. Dubai has drawn in billions of stakeholder dollars and the city is still perhaps to be the
world's most stunning and well developed economy in the Middle East.

11. Work Cited
Embracing Ethics in the Middle East." Arabian Business. N.p.,n.d. Web. 03 May 2015.
"Expotrade | News | Stakeholders Meet at Dubai's Smart Skyscrapers Summit to Drive Sustainability."
Expotrade | News | StakeholdersMeet at Dubai's Smart Skyscrapers Summit to Drive Sustainability. N.p.,
n.d. Web. May 2015.
Dubai Economy. N.p., n.d. Web. 12 Apr. 2015
Corporate Governance & Business Ethics: A Dubai-Based Survey. “by Obay, Lamia Abdelaziz. N.p.,n.d.
Web. 12 Apr. 2015
"Tag Archives: Dubai Employee Benefits." International HR Forum. N.p.,n.d. Web. 04 May 2015
"Sheikh Mohammed Bin Rashid Al Maktoum, Man of the Year 2000." N.p., n.d. Web
"Dubai Facts.” Facts about Dubai. N.p.,n.d. Web. 01 May 2015
Is Dubai the Future of Cities? - The Boston Globe." BostonGlobe.com. N.p.,n.d. Web. 12 Apr. 2015