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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

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).
More...

Late payment Europe

Under EU law, whenever business' clients pay their invoices late, late payment interest can be claimed.
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Collection Practice per Country

How complex is collecting debt around the world? Euler Hermes collection practices map
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Exchange Rates

1 € (EUR):
AUD 1.53020
CAD 1.52460
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HKD 9.58140
INR 78.23900
JPY 135.53999
MYR 4.82600
MXN 22.81570
KRW 1306.92004
CHF 1.17580
THB 39.06900
USD 1.22550
20.01.2018 © EZB

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