UAE

February 14, 2000

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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

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Although Qatar is among the smallest Gulf countries in terms of geography, it has the third largest supply of natural gas in the world as well as a large supply of petroleum.   Qatar believes its futu

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General Data   Population 0.54 million (1999) Religion Islam Government Constitutional Monarchy Languages Official: Arabic (English is widely spoken) Work Week  Public Sector:  Saturday - Wednesd

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Investment Incentives  The Palestinian Authority's Ministry of Economy and Trade and Ministry of Industry promulgated the Law on the Encouragement of Investment of 1995, enacted on April 29, 1995 (her

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Foreign Banking and Currency  Foreign Currency Control  In areas of the West Bank under the control of the Civil Administration, the Controller of Banks regulates currency transfers that are in line w

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Legal Analysis  While businesspeople want to conduct business and are less concerned with the legal intricacies involved in doing business, lawyers are more concerned with proper appellation, codes an

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Stock Exchange  PADICO, a consortium of Palestinian businessmen, and Samed, a PLO-owned business conglomerate have invested US$ 2 million in the Palestine Securities Exchange (PSE), which opened in Na

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The economic growth that many predicted would come to the Palestinians following the 1993 Oslo agreements has yet to materialize. The PA economy is presently in shambles. Population growth is exceedin