United Arab Emirates buying coke

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United Arab Emirates buying coke

Western Asia has long been a hotbed for various illicit drugs, including hashish, methamphetamine and Captagon. Cocaine, by contrast, has not gained a foothold in the region, despite continued increases in supply and demand worldwide. However, in recent years, there have been signs that Turkey may be becoming the next key cocaine transit hub. Although Turkish officials reported a 44 per cent increase in cocaine seizures between and , data on domestic consumption did not show a parallel increase, suggesting that the country is likely to serve as a drug corridor. In Western Asia, the infrastructure needed for cocaine to spread is already in place. However, it remains to be seen whether the drug will flood the regional market. This is especially true given that there is no shortage of alternatives. For cocaine suppliers from Latin America and Turkey to establish a significant presence in Western Asia, they would need, at a minimum, to align themselves with established drug traffickers in the region. This has been the case in Turkey, where Latin American groups capitalized on their expertise, resources and networks to establish a cocaine corridor stretching from Turkey to Europe, the Caucasus and Russia. This operation involved close collaboration with Turkish heroin traffickers and Balkan criminals , allowing them to leverage existing networks and knowledge from the long-standing heroin trade. It remains to be seen, however, whether cocaine suppliers can exploit such connections to reach the broader Western Asia region. Volatility in the region may well drive a quick need for cash, with the funding of conflict through drug trafficking becoming a vulnerability. Although cocaine may not be the preferred illicit substance among drug users in the region, there are some notable exceptions. In the Gulf states, as well as other hotspots in Lebanon and Israel , there are some vibrant consumer markets. In the Levant, cocaine use has reportedly increased among the growing middle and upper classes, and particularly young people. It is in these niche wealthy markets that the impact of a Turkish cocaine corridor would probably be most felt. However, UNODC findings do not reflect this, suggesting instead that smuggling activities appear to involve mainly foreign nationals with no apparent connection to Turkey catering to foreign individuals and expatriate communities. Similarly, seizures of cocaine being shipped from Turkey to Western Asia in have so far been remarkably low. Nevertheless, the Gulf remains the most likely candidate for an expanded cocaine market. In West Africa, high-ranking members of the group have been implicated in the cocaine trade between Latin America and Europe. Western Asia not only exports cocaine criminals, but also appears to afford them some protection. These individuals escape prosecution in their home countries and find opportunity for freedom in Gulf states. As the Gulf experiences an influx of cocaine expats, it is also witnessing the inflow of illicit proceeds from the drug trade. The real-estate boom in Dubai in recent years has been linked to the influx of illicit funds derived from the drug trade and other illicit activities. Even if Turkey were to further establish itself as a major cocaine corridor, it is unlikely that this would lead to an immediate surge of the drug in Western Asia. However, in the current context of instability and the drive for resources that come with it, this development may set the stage for the drug trade to introduce new dynamics and challenges to the region. The series explores, from a regional perspective, how drug trafficking is influenced by instability and broader geopolitics, the effects it has on local dynamics throughout illicit supply chains and its wider global impact. Sign up to our Western Asia mailing list. Author s Sarah Fares Laura Adal. Posted on 13 Oct Western Asia is perceived as playing a relatively minor role in the global cocaine trade. However, claims that Turkey may be emerging as a major cocaine corridor to Europe raise questions about a potential influx of the drug into the rest of Western Asia. Too many stakeholders For cocaine suppliers from Latin America and Turkey to establish a significant presence in Western Asia, they would need, at a minimum, to align themselves with established drug traffickers in the region. Opportunities in the Gulf? Related analysis.

The Investment of Coca-Cola Company in UAE Report

United Arab Emirates buying coke

It has been evidenced that traditionally the country emphasized keeping control over the foreign companies, although the local system encouraged the foreign companies with favorable investment environment by providing, energy and infrastructural support. Moreover, the foreign companies in UAE are also enjoying corporate tax holidays along with the immunity of personal taxes for the foreign entrepreneurs, while there are also opportunities duty-free importations. In trade balance by the country in its export which was The export data for to has presented in the following diagram—. Alfaro 2 pointed out that the modern literature of foreign direct investment has aligned the policymakers and academics to emphasis of the FDI inflow to ensure GDP growth of a developing country by supplying capital for further development and a major resource for heavy technological implication. FDI also furnish the opportunity to the local companies to be integrated with the multinational through backward linkage industry even though the theoretical framework of FDI advocates to the rewards and advantages, spillover possibly will even so be smaller, for instance, the macro pragmatic actions have investigated with the effects of comprehensive FDI inflows and generated different debates. Bevan and Estrin 2 argued that the particular merits of FDI has generated different types of incentives for the multinationals to get an entry in the developing countries but to put into practice, a raising number of modern researchers from this area have started to be rise question is FDI inflow by the multinational can progress the economy. Economists from this region raised some basic questions while the multinationals are increasingly violating local legislation, exploiting the workers in host counties, and abusing the natural resources, — does the GDP growth is the only indicator of national growth? Such a question would also point to the raising conflicts and with the national capital opposing the foreign, as the weight of capital in developing countries is very weak and was unable to encounter with FDI, they have to pact with the multinationals to exploit local workers and people. The governments of the host countries are eager to get FDI in an enhancing rate, and to do so they provide the highest consideration to the multinational and even they amend and introduce new legislation to make the multinational happy. The progressive researchers of the modern era are not willing to provide open opportunities for globalization, which ultimately drive to Americanization, and urged to encounter the IMF and World Bank presented data with the real scenario of the affected counties. Also, how successful government policy towards FDI can help them to attain more revenues has also proved by the UAE government; the gradual increase in is highly notable:. The main reason why the developing and developed countries have increased their FDI to UAE lies behind the fact that the government of the country is presently showing quite a friendly attitude towards the foreign business environment ADB, As a part of the WTO, the country has commitments to lower trade barriers, tariff, customs duties, and taxation on the companies who directly operates in the country WTO, 1. Such a business and investment-friendly environment means that more and more developed and developing countries are showing their interests to invest directly in such an attractive market, as UAE is gaining gradually strength IMF, 1. It is important to argue that the more the population, the greater will be the market for the foreign MNCs. Slower population growth rate would mean an aging population, and consequently, a comparatively low population as a whole. The following table shows the population structure of the country:. Table 2: The population growth rate of the UAE. On the other hand, although the country has a falling population growth rate, but, conversely, the fact that the average income of the country of per head people are greatly high means a relief for MNCs, as the more the income of people, the more is their purchasing powers. The following table shows the income patterns per head, buying power uniformity, GDP composition by sector, and the real growth rate of the UAE:. Another benefit of developed and developing countries to invest in UAE is that it is free trade zones, where, they are gaining benefits from freedom from all sorts of duties according to Index Mundi 1 , it offers a hundred percent foreign ownership and zero taxes. On the other hand, in ensuring that a rising number of foreign countries and their MNCs should invest in UAE, the government, for years, has concentrated in the fixed capital formations and modernization programs UNCTAD, 1. The table below shows the comparison of how successful UAE has been in fixed capital formations than others:. The following figure shows the annual revenue increase comparison of the UAE economy with some other economies:. The factors discussed in the earlier sections of this paper indicate the reasons why foreign MNCs like Coca-Cola are increasingly showing their interests in investing in the UAE market. A large population, coupled with extremely high purchasing power parity, WTO membership, UN membership from UN, 1 , more government expenditure in fixed capital formation, friendly attitude towards FDI, and free trade zone means that the attractiveness of the UAE market is by no means lesser than Indian market to Coca-Cola Company. Therefore, the investment plans of the company in the UAE have expected to rise further. The market share of the company in the Middle East, and most importantly in the UAE is rising gradually. A higher market share means that the business will be able to get higher profits than that of the competitors. It is important to argue that such a rising market share of the company in the UAE is generally causing an augmentation in its revenues Ligaya, 1. It is quite surprising how significant revenues from UAE are enabling the company to get such great revenues from Eurasia. All these information have provided in the table below; it is essential to note that all figures are in millions:. Ahmad, Sufian. Bevan, Alan. Damyanova, Boryana. Index mundi. United Arab Emirates Economy Profile. United Arab Emirates Population. Istaitieh, Abdulaziz. Hugo, Sarah. UAE Macroeconomic Report. Library of Congress. Ligaya, Armina. Coca-Cola wants to pop decades-old price tag. National Bureau of Statistics. National Investment Reform Agendas. The New York Times. Like to Sell the World a Coke. World Economic Forum. IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:. 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United Arab Emirates buying coke