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Course summary (Doing business in Middle East)
Middle East markets (specialization course): Islamic Economy and financing, Arab world, Mudarabah, agreements, Saudi Arabia, Egypt, Dubai United Arab Emirates UAE, Yemen, ...
The Arab world today is a rich composite of many and diverse influences. Various ethnic, linguistic and religious Groups inhabit the region. Yet, Islam and the Arabic language constitute its two predominant cultural
features. The Arab people, spread over a vast area, enjoy common bonds of history and tradition. Members of twenty-one different countries, the Arabs consider themselves to be part of one nation
(Ummah). The Arab people are further united through their membership and participation in the
League of Arab States.
Contrary to popular belief, only a few Arab countries possess petroleum and natural gas resources. Other Natural resources include iron-ore, lead, phosphate, cobalt and manganese.
Agriculture is the primary economic activity in the Arab world.
Saudi Arabia remains the top Arab economy in terms of total GDP. It is Asia's
eleventh largest economy, followed by
Egypt and Algeria, which were also the second and third largest economies in
Africa (after
South Africa), in 2006.
In terms of GDP per capita, Qatar is the richest developing country in the world.
The Arab League (League of the Arab States), is a regional organization of Arab States in the Middle East and North Africa. It was formed in Cairo on March 22, 1945 with six members: Egypt, Iraq, Transjordan (Jordan), Lebanon, Saudi Arabia, and Syria. Yemen joined as a member
in 1945. Currently has 22 members. The Arab League is rich in resources, with enormous oil and natural gas resources; it also has great fertile lands in South of the Sudan, usually referred to as the
food basket of the Arab world.
Strategically located at the crossroads of east-west trade, Saudi Arabia
offers a portal to the global economy and a gateway to regional markets that are
substantially outperforming world growth. Saudi Arabia’s economy ranks 3rd in
the world for macroeconomic stability. Economically, Saudi Arabia is a giant in
its region and, with 25% of the world's proven oil reserves, is likely to become
even more important in future. The Kingdom of Saudi Arabia is the biggest free
economic market in the Middle East. It acquires 25% of gross national Arab
product and has the biggest oil reserve in the world (25%). The Saudi Riyal is one of the most stable currencies in the world.
Dubai United Arab Emirates UAE is an important tourist destination and
a hub for service industries such as Information technology (IT), logistics, and finance, with the new
Dubai International Financial Centre (DIFC). Oil income represents a small
proportion of the emirate's income. Dubai presents international business with a
wide range of opportunities for different activities and operations, including:
Trade, transport and distribution, Manufacturing and processing or Regional
offices.
Egypt has developed from the earliest of times as a multi-cultural
community, a blending of the traditions of Africa and the Middle East, with the
influences of Europe across the Mediterranean Sea. Egypt's 72 million
population, growing at the rate of 2% per annum, represents a large domestic
market for any investor. Egypt stands at an enviable strategic location bridging
the three continents of Asia, Africa and Europe – the gateway to some of the
world’s largest markets by way of preferential and regional trade agreements.
Egypt is the centre of a region of 800 million people and a hub for the world’s
maritime traffic with commercial ports on the Mediterranean and Red Seas.
MENA region (Middle East and North Africa).
The term refers collectively to the Asian countries of Bahrain, Cyprus, Iran, Iraq, Israel, Palestine (the Israeli-occupied Gaza Strip and West Bank), Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, the United Arab Emirates, Yemen, and the North African countries of Algeria, Egypt, Libya, Morocco, and Tunisia.
ESCWA (United Nations Economic and Social Commission for Western Asia)
comprises 13 Arab countries in Western Asia. ESCWA provides a framework for the
formulation and harmonization of sectoral policies for member countries, a
platform for congress and coordination, a home for expertise and knowledge, and
an information observatory.
The Organization of the Islamic Conference (OIC) is the second largest
inter-governmental organization after the United Nations which has membership of 57 states spread over four continents. The Organization has the singular honor
to galvanize the Ummah into a unified body and have actively represented the
Muslims by espousing all causes close to the hearts of over 1.5 billion Muslims
of the world.
The Islamic Development Bank is an international financial institution
established in pursuance of the Declaration of Intent issued by the Conference
of Finance Ministers of Muslim countries held in 1973. The present membership of the Bank consists of 56 countries. The official language of the Bank is Arabic. The Islamic Development Bank operates according to the Islamic Shari'ah principles.
The Cooperation Council for the Arab States of the Gulf Is a trade
bloc involving UAE, Bahrain, Saudi Arabia, Oman, Qatar and the State of Kuwait
with many economic and social objectives (Common markets, ...). The GCC Charter states that the basic objectives are to effect coordination,
integration and inter-connection between member states in all fields. Introducing the GCC single currency
and establishing the GCC Monetary Union are the fruit of the economic
integration stages achieved so far.
EENI in Arabic:
ماجستير في التجارة الخارجية و التسويق الدولي
Specialization, course, e-learning, Business, Middle East, Arabic, countries, Islamic, Economy, Arab, World, Islamic financing, Mudarabah, agreements, Saudi Arabia, Egypt, Dubai, United Arab Emirates, UAE, Yemen |
EENI International Business
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