Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.
This chapter contains an outline of the legal framework in which local and foreign investors operate including an examination of the approval criteria for real estate and property transactions in Jordan and a breakdown of the first Islamic Finance Sukuk Law, enacted in late 2012, which addresses the issuance of sukuk (sharia-compliant bonds) of all forms.
In 2014 Jordan’s population reached 6.64m, as regional turbulence saw an influx of refugees from neighbouring countries. Jordan, however, remains stable as it pushes ahead with the political reforms announced in 2011. The economy continues to revive following the global economic downturn, while government commitments to tackle structural issues in the economy bode well for future growth.
This chapter contains an outline of the legal framework in which local and foreign investors operate. It also contains information on the new companies law, regulations regarding the conduct of boards of directors and moves to protect minority shareholders. This chapter also contains an interview with Alex Saleh, Partner, Al Tamimi & Co.
Kuwait accounts for approximately 6.1% of the world’s proven oil reserves, with hydrocarbons revenues comprising more than 65% of the country’s GDP and 95% of total exports in 2013. Cautious budgetary decisions have resulted in large surpluses, creating a solid base for public expenditure programmes such as the National Development Plan, which is set to diversify the economy and boost employment.
This chapter features an overview of the law for both local and foreign investors, as well as an outline of regulations on owning property for non-GCC nationals. It covers up-to-date laws on intellectual property and copyright, as well as environmental guidelines for construction projects and some new standards for disclosure of financial information. This chapter includes a viewpoint from...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×