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.
While a significant nomadic population still pushes its herds across the steppe, young adults in Ulaanbaatar use fibre-optic networks to access the internet. Heir to the legacy of Chinggis Khan, Mongolia is fast emerging as a land rich with economic potential – a country that is seeking growth while also working to preserve its unique national culture.
Interviews & Viewpoints | Nasser Said Al Mughairy, Managing Partner, Abu Timam Grant Thornton, on fostering new businesses from The Report: Oman 2013
Small and medium-sized enterprises (SMEs) are the backbone of most global economies. Although the exact parameters vary by country, SMEs are non-subsidiary, independent firms, which employ fewer than a given number of employees. Under the EU definition, an SME is considered as an enterprise with up to 250 employees and turnover of no more than €50m or a total balance...
Articles & Analysis | Clear guidelines: New tax regulations were issued at the start of 2012 from The Report: Oman 2013
Foreign firms and individual investors can set up business in Oman using one of the following forms:
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.