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Business English Exercises
 

The UAE

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 347
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the uae answer 1
The UAE has gained much media attention lately as a leading marketing and trans-shipment hub for multinational companies serving the Middle East and North Africa.

Correct answer: (a) attention

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the uae answer 2
Overall, nearly US$72.3bn in goods were imported in 2006, most flowing from India, followed by China and Japan.

Correct answer: (b) flowing

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the uae answer 3
By year's end, the US expects to claim nearly a 20% share of the UAE's import market.

Correct answer: (b) claim

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the uae answer 4
The UAE is a Federal Sovereign State, formed in 1971, consisting of seven emirates — Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Fujairah and Ras Al Khaimah — and governed by the Supreme Council of the Federation, which is made up of their seven rulers.

Correct answer: (b) emirates

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the uae answer 5
A contracting party to GATT since 1964, the UAE joined the World Trade Organization (WTO) in 1996.

Correct answer: (c) party

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the uae answer 6
The main federal legal instruments on investment in the UAE are the Commercial Companies Law and the Trade Agencies Law and these laws contain provisions limiting and regulating the participation of foreign investors in the UAE domestic economy.

Correct answer: (b) provisions

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the uae answer 7
Specifically, the Trade Agencies Law designates that importing and distribution activities are reserved for exclusive UAE 'agents'.

Correct answer: (a) exclusive

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the uae answer 8
However, a significant portion of trade moves through the UAE's free zones (22 in late 2005) where foreign investors can enjoy 100% ownership, operate in a tax-free environment and be exempt from the licensing, agency, and national majority-ownership obligations that apply in the domestic economy.

Correct answer: (d) enjoy

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the uae answer 9
Recently, changes have been made to the scope of the Trade Agency Law and reforms are being actively discussed such as adoption of competition legislation, structural reforms, and further liberalization of the services sector.

Correct answer: (c) scope

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the uae answer 10
The financial sector is developing rapidly, in part through the creation of financial free zones such as the Dubai International Financial Center, a financial free zone regulated by Dubai and home now to more than 100 financial services and associated companies.

Correct answer: (c) home

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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