By W. Abdallah
This ebook specializes in how multinational businesses can plan and deal with their foreign enterprise within the Gulf international locations. very important problems with accounting, auditing, finance, taxation, advertising, and managerial concerns are coated in all the chosen Gulf countries.
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Extra info for Accounting, Finance, and Taxation in the Gulf Countries
S. Government policies with respect to promoting America’s commercial interests in the Gulf countries. The ABCGC is actually one of four regional groups; the other three are in Latin America, Asia, and Europe. However, the Gulf market is more important than any other area in the world and it is a very competitive market for American multinational companies due to its location that houses two-thirds of the world’s proven oil reserves and also due to the following two main reasons: (1) all the Gulf countries rely heavily on a wide range of imported goods and services and (2) most of the sales in the Gulf countries are traditionally paid in cash.
Doupnik, Timothy S. and Stephen B. Salter. 1995. ” The International Journal of Accounting 30: 189–207. El-Mahjoob, Rafaat. 1986. Islamic Economic Studies. Cairo, Egypt: The Institute of Islamic Studies. In Arabic. Energy Information Administration (EIA). 2007. html-June 2007. Ernst & Young. 2003. ” Ernst and Young Global, New York. com. Farag, Shawki M. 1991. ” The International Journal of Accounting 26: 243–251. E. and Alan Kilgore. 1994. ” The International Journal of Accounting 29: 265–277.
The exchange shall also be a governmental entity, financially and administratively independent from the authority but subject to its supervision. The Board of Directors of the Capital Market Authority is chaired by the minister of commerce and industry. The UAE Federal Number 4 of 2000 established the Emirates Securities and Commodities Authority (ESCA) in February 2000. The UAE is probably one of few countries to establish an independent securities regulator prior to formation of stock exchanges.