This chapter includes information about Dubai’s history, geography, climate, demographics, government and political organisation. It also includes interviews with Kim Sung-hwan, Minister of Foreign Affairs and Trade in the Republic of Korea; Mohamed Alabbar, Chairman, Emaar; and a viewpoint with David Cameron, the UK Prime Minister.
The Middle East
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Chapter | Country Profile from The Report: Dubai 2013
Over the past four decades, Dubai has become one of the most important economic centres in the Middle East and a key destination for investors, tourists and corporations from around the world. The emirate boasts a diversified economy, an open business environment, and a multinational population and workforce, all of which have contributed to its reputation as a leading investment destination.
At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
Chapter | Legal Framework from The Report: Oman 2013
With Curtis, Mallet-Prevost, OBG outlines the key corporate, foreign investment, labour and property laws relevant to companies doing business locally in Oman. This includes an overview of Omani corporate law and the legal structures for doing business.
The chapter also features a viewpoint with Bruce B Palmer, Managing Partner in Oman, Curtis, Mallet-Prevost.
With assistance from Abu Timam Grant Thornton, this chapter provides an outline of the new tax regulations issued at the start of 2012, as well as rules for the establishment of foreign companies in Oman. Information is provided about tax rates, filing requirements, deductable expenses and more.
The chapter also includes a viewpoint with Nasser Said Al Mughairy, Managing Partner at Abu Timam...
While a significant portion of economic activity in Oman is concentrated in the capital and nearby surrounding areas, a number of other regions remain key drivers of economic growth. Moreover, these regions are playing an increasingly important role as the national economy matures and diversifies. For example, Sohar offers shipping firms a seaport south of the Strait of Hormuz, which reduces...