Market Cultural Report ( International Business ) Essay

Market Cultural Report ( International Business ) - Essay Example This is because people in different countries have different cultures depending on their understanding of things and their traditions. This is also so as to avoid cultural conflicts in the host country that may affect the acceptance of the business by the citizens. This report analyses the culture of the United Arab Emirates (UAE), in specific the Emirates of Dubai. It looks at some of the cultural components of the country and how this impacts the international business. These cultural components include, the traditions of the country, the beliefs and the religious aspects affecting the market. Finally, it looks at what businesses need to do or consider in order for it to operate effectively in this country and gives a conclusion of the important factors from the report based on the chosen market and the cultural factors in the market. The reason for choosing the Emirates of Dubai is because it is the second largest city in the United Arab Emirates (UAE). It has a growing reputation as being one of the most attractive places in the world. It is modern with infrastructure and has become a major force of the economy globally, it has world class business environment that attracts many investors. It is also a politically stable country able to attract many foreign investors. The fact that it has a free economy means that there is minimal government control and minimal regulation in the private sector making the country to become a very attractive place to invest. It is one of the most liberal countries in the gulf that results to an attraction of a high capital to flow across the region (Noack, 2009). This makes it worth to look at the country when considering international business. The country also is rich in its culture. The Emirates of Dubai culture is mainly shaped by the traditions of the Arabs that are based on the Islam background. The religion shapes all aspect of the daily life of people in the country. It is