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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

Banking in Europe: EBF publishes 2018 Facts & Figures

• European banks consolidate to boost efficiency and enhance profitability • Total number of credit institutions in the EU down by 31% since 2008 • Non-performing loans are no longer a specific European problem
More...

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...

Exchange Rates

1 € (EUR):
AUD 1.61440
CAD 1.52630
CNY 7.91280
GBP 0.90328
HKD 9.09130
INR 83.10350
JPY 129.17000
MYR 4.80880
MXN 22.66000
KRW 1299.75000
CHF 1.12880
THB 38.03500
USD 1.15820
10.12.2018 © EZB

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