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Acting successfully with the United Arab Emirates.

Acting successfully with the United Arab Emirates.
The UAE is a member of the Gulf Cooperation Council (GCC), which has laid down the structure of the UAE import regulations. In a sense, this simplifies the import of goods to GCC countries thanks to the single port of entry principle. This principle states that the import of goods to the UAE or to another country of the GCC is subject to customs duties only in the first GCC port of entry. The GCC's common external tariff is levied on most goods that are imported. This amounts to 5% of the value of the goods, except when they are destined for the free trade zones of the UAE. The rates for alcohol and tobacco are higher, while a number of other categories of goods, including a number of agricultural products, printed matter and medicines, are exempt. Goods imported for industrial or production purposes are also often exempt from import duties.
The ports in Dubai and Abu Dhabi are the main ports of entry into the UAE. For the customs …

Choose the right path for the UAE market.

Choose the right path for the UAE market.
There are three basic ways to enter the UAE market: direct exports, through an agent or agents in the UAE or through a physical presence in the market. The first method, though simple, may not be the best solution if you want to achieve high growth. A distributor, concessionaire or licensee may be a better option, but local "agents" are highly protected by law. (In UAE law, the term "agent" includes all of the above forms in addition to "agent" in the normal sense). In some cases agents can register their contracts with the Ministry of Economy and this involves additional commitments to customers. Through registration, the agent acquires certain rights such as the right to compensation upon termination of the contract (even when this occurs in accordance with the contract) and the right to prevent the importation of the products of the client who is not the agent of the beneficiary. Non. Most foreign clients who w…

Oil revenues Gulf states are retreating, and migrants are the victims.

Oil revenues Gulf states are retreating, and migrants are the victims.
The sharp drop in oil prices has serious consequences for Gulf economies. Now that they have tightened the belt, millions of migrant workers in the region must also deal with the consequences.Saudi Arabia, the United Arab Emirates, Qatar and Bahrain are expected to face a large budget deficit now that oil revenues have fallen. As a result, countries are implementing reforms and reducing subsidies for fuel, electricity, water, education and the introduction of VAT. The migrant workers in the region, many of whom come from Asia, feel these reforms: the migrants are already returning home.In an interview with The Economist, Prince Mohammed bin Salman, also the defense minister, said his country was looking at other sources of income. Among other things, pointed to the possibility of expanding religious tourism.It seems that the other Gulf states are looking at their economy in a similar way. The UAE invests in India, …

Growth of non-oil sectors in the Arab Gulf

Growth of non-oil sectors in the Arab Gulf.
1.75% cooperation in 2018 with a more restrictive fiscal policy and lower liquidity in the financial sector, while growth was expected. 2.5% in 2018 compared with 3.75% last year. However, the non-oil sector will continue to be the main driver of Gulf development,The IMF does not expect the oil sector to grow by just 1% in 2018.
The International Monetary Fund (IMF) predicted in its latest update to Gulf economies last week that non-oil growth in non-oil economies will decline2014 to diversify the non-oil sectors and achieved many successes in this sector. Saudi Arabia has been looking for decades
The last four have created an economic balance capable of meeting challenges and increasing revenues in non-oil sectors, especially in the Kingdom
If we look at the GCC countries, we will see that all these companies have concentrated Fayeh Abdul Rahman Al-Atishan to get the industry's contribution
Non-oil GDP increased by 39.46% in 2017 at a steady…

Reports indicate the return of the Saudi economy to positive growth since the beginning of this year 2018.

Reports indicate the return of the Saudi economy to positive growth since the beginning of this year 2018.
Source: Riyadh, Mubasher.
After the Saudi economy registered a contraction last year, it returned to recovery again this year, it said With the return of positive growth this year to 2018 for the overall market segments.According to Saudi Arabia's recently released GDP data, it contracted by 1.21% in the last quarter of 2017, the worst contraction period To the Saudi economy since the global crisis in 2008-2009. Capital Economics said in a report that gross domestic product (GDP) fell by 1.2% after a 0.5% decline in the third quarter, compared with the gross profit of the general budget of GDP.The gross domestic product (GDP) in the last quarter of last year was 668 billion Saudi riyals compared to a gross domestic product value of about 660 billion Saudi riyals at a fixed rate of more than 7 billion Saudi riyals in the same period on a year-on-year basis.
As a result of the de…