UAE

February 14, 2000

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Banking and Currency  Foreign Currency Control   Exchange control is carried out on behalf of the government by the Central Bank, which may authorize certain banks and agencies to deal in foreign exch

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Legal Analysis   Judiciary   According to the Constitution of 1973, the Syrian Arab Republic is a democratic, popular, socialist and sovereign state with a republican system of government. The Constit

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Franchising   Syrian regulations have made foreign franchising virtually impossible. There is one American fast-food franchise in the country.   The concept of franchising, especially the prospects fo

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Syria remains one of the Middle East’s most isolated economies, resisting the economic trends sweeping the rest of the region (i.e. privatization). The government still keeps intact many policies that

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General Data   Population 16 million (1999) Population Growth Rate 3.3% Religion 70% Sunni Muslim, 12% Alawi, 14% Christian (various sects), 3% Druze and small number of Jews, Yazidis and other Mu

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Investment Incentives   The Foreign Capital Investment Regulations provide for a number of investment incentives to foreign companies and individuals wishing to conduct business in Saudi Arabia.   The

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 Banking and Currency  Foreign Currency Control   There are virtually no currency exchange restrictions in Saudi Arabia. Exchange for payments abroad may be obtained freely, and there are no taxes or

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Legal Analysis   The Saudi Arabian legal system is based on Islamic law, the Shari’a, with the Koran providing the most important source of law. Nonetheless, Royal and Ministerial Decrees are periodic

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Foreign Investment    Foreign direct investment in Saudi Arabia reached an estimated $15 billion in 1997, with $7 billion coming from the U.S. Other countries with FDI in the kingdom are: Japan, Brita

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Saudi Arabia boasts the largest economy in the Gulf and is represents the world's largest oil producer and exporter. It has the world's greatest proven oil reserves, 25 percent, equaling some 261.5 bi

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General    Population 20.2 million (1999)  Population Growth Rate/yr. 3.4 percent  Religion Islam  Government Monarchy and a Council of Ministers  Languages   Arabic (English is widely spoken) 

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Foreign Investments  The Law Regulating the Investment of Non-Qatari Capital in Economic Activities No. 25 of 1990 governs the area of foreign investment in Qatar. Under this law, non-Qataris are allo

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Banking and Currency  Foreign Currency  The Qatari Riyal is freely convertible on world financial markets. Currency exchange is regulated by Law No. 4/1982, which controls and sets licensing. In June

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Legal Analysis  Islam is Qatar's official religion, and Islamic jurisprudence, the Shar'ia, is recognized as the basis of the country's legal system. Civil legislation is based upon codification. As s

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The government encourages foreign investment, particularly joint ventures with Qataris. As long as a company has a local agent or sponsor, Qatari law permits fully foreign-owned companies. Foreign-own