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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 TERMS REACHED A TEN-YEAR HIGH

Euler Hermes publishes its annual review and forecast of global average Days Sales Outstanding (DSO), based on a sample of 20 sectors and 36 countries.
More...

Payment Behavior

Good news on global growth comes with a significant deterioration in payment terms.
More...

China's Credit Growth

China’s broadest gauge of new credit trailed projections amid renewed government pledges to tackle financial risk.
More...

Exchange Rates

1 € (EUR):
AUD 1.56960
CAD 1.49090
CNY 7.84880
GBP 0.89300
HKD 8.95370
INR 79.73150
JPY 126.42000
MYR 4.66240
MXN 21.65160
KRW 1286.59998
CHF 1.12980
THB 37.95300
USD 1.14060
15.08.2018 © EZB

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