Useful Addresses
Useful Addresses
Useful Addresses
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CHAPTER 8<br />
AED Arab Emirates Dirham<br />
ASEAN Association of South East Asian Nations<br />
b/d Barrels per day<br />
B2B Business to business<br />
B2C Business to consumer<br />
CCL Commercial Companies Law<br />
CIS Commonwealth of Independent States<br />
CITES Convention on International Trade in Endangered<br />
Species<br />
EFTA European Free Trade Association<br />
EU European Union<br />
F&B Food and beverage<br />
FDI Foreign Direct Investment<br />
FMCG Fast Moving Consumer Goods<br />
FNC Federal National Council<br />
FTA Free Trade Agreement<br />
FZ Free Zone<br />
FZE Free Zone Establishments<br />
GAFTA Greater Arab Free Trade Area<br />
GCC Gulf Cooperation Council<br />
GDP Gross Domestic Product<br />
GW/h Gigawatt per hour<br />
GSM Global System for Mobile (communications)<br />
ICT Information and Communications Technology<br />
IP Intellectual Property<br />
IPR Intellectural Property Rights<br />
IPO Initial Public Offering<br />
IMF International Monetary Fund<br />
IWPP Independent Water & Power Project<br />
GATS General Agreement on Trade in Services<br />
GATT General Agreement of Tariffs and Trade<br />
Km Kilometre<br />
LLC Limited Liability Company<br />
MELA Middle East Logistics Awards<br />
MENA Middle East North Africa<br />
Mercosur El Mercado Común del Sur (South American Common<br />
Market comprising Argentina, Chile, Bolivia, Uruguay,<br />
Paraguay, Brazil)<br />
120 Investor’s Guide to the UAE<br />
Glossary of Terms Used<br />
MICE Meetings Incentives Conferences Exhibitions<br />
M1 A narrow measure of the Money Supply in an economy.<br />
Assets categorised in this way can be used directly as<br />
a medium of exchange (cash and coin plus demand<br />
deposit balances of various kinds).<br />
M2 A broader category which reflects M1 but also includes<br />
savings and other time<br />
deposits (where there are withdrawal restrictions in<br />
place).<br />
MOE Ministry of Economy<br />
MOL Ministry of Labour<br />
MoU Memorandum of Understanding<br />
NAMA Non-Agricultural Market Access<br />
‘Pari passu’ Latin term indicating that one series of equity will have<br />
the same rights and privileges as another series of equity<br />
PC Personal Computer<br />
POB Post Office Box<br />
PJSC Private Joint Stock Company<br />
OAPEC Organisation of Arab Petroleum Exporting Countries<br />
OECD Organisation for Economic Cooperation and<br />
Development<br />
OPEC Organisation of Petroleum Exporting Countries<br />
PCT Patent Cooperation Treaty<br />
RAK Ras Al-Khaimah<br />
RFID Radio Frequency Identity<br />
SME Small and Medium Enterprises<br />
SPSS Statistical Package for the Social Sciences (software)<br />
TIFA Trade Investment Frame Agreement<br />
TRA Telecommunications Regulatory Authority<br />
TRIPS Trade Related aspects of Intellectual Property rightS<br />
UK United Kingdom<br />
UN United Nations<br />
UNESCO United Nations Educational, Scientific and Cultural<br />
Organisation<br />
UAQ Umm al Quwain<br />
WIPO World Intellectual Property Organisation<br />
WTCC World Travel and Tourism Council<br />
WTO World Trade Organisation<br />
109-120MOE Chap8.indd 120 10/24/07 4:02:39 PM
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