U.A.E Economy jumps in Global productivity
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The UAE jumped up 5 spots to 19th in the World Economic Forum's Global Competitiveness Index due to higher oil prices sustaining budget surpluses. The UAE GDP was $358.9 billion with per capita GDP of $64,840, and it ranked highly for goods market efficiency, labor market efficiency, infrastructure, and macro-environment. However, the most problematic factors for business were restrictive labor regulations, access to financing, and an inadequately educated workforce.
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On January 16th 2016, the 37 years of successive sanctions against Iran was lifted. Iran is currently home to 1.5% of the global GDP and is the 18th largest economy in the world, presenting itself as a strong business-case for significant Foreign Direct Investment (FDI). For the Iranian government, this means an immediate access to USD 150 billion in frozen assets, and an opportunity to rebuild the country’s industrialized economy. For businesses, the most immediate and significant sanctions to be lifted against Iran are the financial sanctions that have barred the country from playing in the global financial markets. This white paper provides a review of the Iranian economy, comparing it to lucrative emerging markets in the Middle East and Asia such as Turkey, Thailand, Indonesia, and Malaysia, while also highlighting investment opportunities and risks in Iran today.
Gulf Cooperation Council - B2C e-Commerce Overview 2011
Prepared by IMRG International
Commissioned by Visa Middle East
London - October 2011
The study focuses in particular to the member countries of the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Foreign Direct Investments into Ukraine
Foreign direct investment as one of the main vehicles of development and globalization in the
World economy is a complex phenomenon.
Most common definition used in the modern economic theory states that Foreign Direct
Investment (FDI) – “is acquisition of at least ten percent of the ordinary shares or voting power
in a public or private enterprise by nonresident investors. Direct investment involves a lasting
interest in the management of an enterprise and includes reinvestment of profits.”1
It is important to understand that FDI is not just the flow of capital between economies but also
a flow of technologies, management practices and established customer/supplier bases.
Usually FDI has a spillover effect for the host economy when management practices and
technologies are propagated from the initial target company to other companies in the region.
This propagation is achieved through moving labor force, reverse-engineering and intensified
competition.
FDI is crucial for Developing and Transition economies not just because they suffer from the
lack of capital but because they don’t have access to new technologies and their managerial
and business techniques are outdated.
Different countries have achieved different results in their ability to attract FDI. In order to
analyze reasons driving country specific performance it is important to look at the following
issues:
- Dynamics and trends of global FDI flows
- General investment climate in a given country
- Industry specific opportunities provided by current situation in the host economy
This framework is used to analyze Ukraine’s competitive positioning to attract foreign direct
investment.
Syria and the Economic Freedom of the Arab World Report 2009
Syria and the Economic Freedom of the Arab World Report 2009Friedrich Naumann Foundation for Liberty (FNF)
The document summarizes Syria's economic freedom and policies from 1946 to 2009 based on the Economic Freedom of the World Index. Syria experienced greater economic freedom under a free market system from 1946 to 1958 but saw increased nationalization from 1958 to 1961. While reforms have been implemented since 2006, Syria still has low levels of economic freedom, ranked 124th out of 141 countries in 2009. Recent government actions include public-private partnerships, capital market reforms, trade agreements, and labor and business regulation changes to improve the business environment.Similar to U.A.E Economy jumps in Global productivity (20)
Achieving Sustainable Growth in the Caribbean - Ian Durant
Achieving Sustainable Growth in the Caribbean - Ian Durant
The Long Run Effect of Interest Rate and Money Supply on Petroleum Profit Tax...
The Long Run Effect of Interest Rate and Money Supply on Petroleum Profit Tax...
6 Ways the United Arab Emirates is Succeeding in the Knowledge Economy
6 Ways the United Arab Emirates is Succeeding in the Knowledge Economy
Gulf Cooperation Council - B2C e-Commerce Overview 2011
Gulf Cooperation Council - B2C e-Commerce Overview 2011
Syria and the Economic Freedom of the Arab World Report 2009
Syria and the Economic Freedom of the Arab World Report 2009
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Doing Business in Mauritius
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Doing Business in Kenya
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Doing Business in Ghana
Ghana is a unitary presidential constitutional republic located in West Africa. It has a democratic political system and growing economy that has attracted foreign investment. To incorporate a company in Ghana, an LLC must have at least two directors, one of which must reside in Ghana. Joint ventures require a minimum $10,000 investment from non-Ghanaians. All companies must have an auditor who is a member of the Institute of Chartered Accountants. The Ghana Investment Promotion Center registers all enterprises. A company is incorporated with the Registrar General's Department and applies for a license to operate from the Accra Metropolitan Assembly after. Corporate and income tax rates are 25-30% and 20% respectively, with dividend, capital
Doing Business in Ethiopia
Ethiopia is formally known as the Federal Democratic Republic of Ethiopia, located in northeast Africa at the crossroads of Africa, the Middle East, and Asia. The Ethiopian Investment Agency was established to promote private investment and foreign direct investment through legislative reforms to enhance the investment climate. Private limited companies in Ethiopia require a minimum capital of 15,000 ETB and at least two shareholders and one manager. Foreign companies can own 100% of an Ethiopian company. Various tax exemptions are provided depending on the investment activity, such as income tax exemptions for approved investments in manufacturing, agro-industry, and ICT.
Doing Business in Burundi
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Doing Business in Botswana
Botswana is a landlocked country in Southern Africa that has implemented policies to guarantee investor protection for over 40 years. It has a stable economy with strong fiscal policies and economic freedom. To register a company, entrepreneurs submit an application with the name reservation and statutory compliance declaration. Botswana LLCs must have between 1-25 shareholders and at least one director and shareholder. The representative office allows for promoting the parent company but no direct sales. Licensing can be obtained from industrial or trade departments. Corporate tax is only 15% for manufacturers and zero for some approved companies. Personal income tax has a highest rate of 25% and VAT registration is with the customs department.
Doing Business in Benin
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Doing Business in Egypt
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Licenses may be required depending on the business activities. Importation and operations in Sinai require additional approvals. Foreign companies pay corporate taxes of 20-25% and non
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