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Middle East

The Middle East with its estimated 339.6 million inhabitants divided among 15 countries is fraught with many clichés and myths. Before you do business in the Middle East, you must make inquiries about areas such as corporate culture, business etiquette, conference protocol and negotiation techniques. This can reduce stereotypes and barriers in communication.
Business in the Middle East is characterized by the great variety in the region. However, the great majority of the population is unified with one religion, language and culture.

Countries in the region:

  • Iran
  • Iraq
  • Israel
  • Yemen
  • Jordan
  • Kuwait
  • Lebanon
  • Oman
  • Qatar
  • Saudi Arabia
  • Syria
  • United Arab Emirates
  • North Africa

Economic output

Currently: www.tradingeconomics.com

Algeria, Libya, Djibouti, Morocco, Egypt, Arab Rep., Syrian Arab Republic, Iran, Islamic Rep., Tunisia, Iraq, West Bank and Gaza, Jordan, Yemen Rep., Lebanon
(Source: The World Bank 2012)

GDP: 1.54 trillion USD
GNI per capita: approx. 3,453 USD
Main import partners: China, European Union, USA, Russia
Main export partners: European Union, USA, China, Russia

"B2B" bankruptcy distribution

Average rate: 33%
Average process duration: 3.4 years
Average costs of insolvency proceedings: 14% of the insolvency value.

News

Payment Behavior

Good news on global growth comes with a significant deterioration in payment terms.
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China's Credit Growth

China’s broadest gauge of new credit trailed projections amid renewed government pledges to tackle financial risk.
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White Paper on the requirements of the GDPR

How will the GDPR influence debt collection? Will collection companies still be allowed to collect and process personal data? - Yes! That is the conclusion of a new White Paper, recently published by the German Association of Debt Collection Companies (BDIU).
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Exchange Rates

1 € (EUR):
AUD 1.56810
CAD 1.54590
CNY 7.56890
GBP 0.87663
HKD 9.13930
INR 79.03000
JPY 128.30000
MYR 4.66210
MXN 23.54660
KRW 1293.76001
CHF 1.15340
THB 38.36900
USD 1.16480
25.06.2018 © EZB

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