Although Qatar continues to enjoy a healthy trade surplus, benefitting from its position as a critical energy supplier to a number of countries worldwide, export revenues in 2015 were dramatically affected by falling oil and gas prices, while the state’s import bill continues to rise as a result of major infrastructure construction and rapid population growth. Declining export revenues have...
The Middle East
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Chapter | Trade & Investment from The Report: Qatar 2016
Chapter | Country Profile from The Report: Qatar 2016
Since gaining independence in 1971, Qatar has quickly risen to prominence both regionally and internationally to become an economic, political and cultural powerhouse in the Middle East. With a relatively small local population and substantial revenues generated from natural gas, Qatar has the world’s highest GDP per capita, averaging approximately $100,000. Prior to 2010, the country was...
With the fall in oil prices underlining the dangers of an over reliance on hydrocarbons revenues, Qatar has continued to forge ahead with its economic diversification drive in 2016. Non-hydrocarbons growth now outstrips hydrocarbons growth, with several big-ticket construction projects, an increasingly dynamic financial services sector and a growing reputation as a tourist destination all fuelling non-oil expansion.
The Guide contains listings of some of the leading hotels and resorts in Abu Dhabi as well as contacts for important government offices and services. It also contains useful tips and information for first-time or regular and business and leisure visitors alike.
Chapter | Legal Framework from The Report: Abu Dhabi 2016
This chapter contains an overview of the legal framework in which local and foreign investors operate including guidance for firms doing business in the emirate, advice for the establishment of a joint stock company and a rundown of the incentives provided by the emirate’s free zones.
This chapter contains an overview of the tax framework in which local and foreign investors operate including an outline of the business and tax incentives offered by the free zones and a rundown of the Wages Protection System. This chapter contains a viewpoint from Dean Kern, Middle East Tax and Legal Services Leader, PwC.