By W. Abdallah
This publication specializes in how multinational businesses can plan and deal with their foreign company within the Gulf international locations. very important problems with accounting, auditing, finance, taxation, advertising, and managerial concerns are lined in all of the chosen Gulf countries.
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Extra resources for Accounting, Finance, and Taxation in the Gulf Countries
The activities of multinationals and their economic significance have continued to grow in the 1980s despite a slowing down of world economic growth, increasing instability in foreign exchange rates, inflation and interest rates, and growing tendencies toward protection of local or national products. MNCs have been major forces toward change. New forms of business relationships have emerged, including international joint ventures among MNCs and subcontracting arrangements between MNCs and host countries’ corporations in Middle East countries.
The ABCGC is actually an affiliate that is made up of eight American Chambers of Commerce operating in the Gulf countries. They serve as a critical commercial link by performing the following six activities (ABCGC 2007): 1. Holding important events with host-country government officials, Chamber of Commerce, and business leaders by serving as a bridge for closer business communication, cooperation, exchange of ideas and viewpoints; 2. Providing an important network for American business executives working in the Gulf countries, including helping new American companies looking for opportunities of new business in the area; 3.
Multinationals has expanded at a much slower pace than in the past, with more concentration on Egypt and Israel (Gray 1989). Although the large MNCs account for a large share of the world economy, smaller companies are now just as likely as large ones to invest abroad. However, the 600 largest MNCs still account for a fifth of the world’s total value added in manufacturing and agriculture. MNCs account for well over three-quarters of their home country’s trade flows. However, half of all the world’s companies investing abroad are smalland medium sized.
Accounting, Finance, and Taxation in the Gulf Countries by W. Abdallah