Business in Middle East Arabic Countries. Islamic Economy Arab World

Business in Middle East Countries:

This module provides the learner with a comprehensive overview of the regional and international trade blocks and institutions governing and regulating Middle East countries. It examines the development of international trade to date.

Principles of Islamic Economy: Modes of Islamic financing (prohibition of interest in Islam, Mudarabah, Shirkah, Ijarah, …). Islam and globalization (in Arabic). Banque Islamique (en français).

• Learn about Middle East Countries
• Understand the various regional economic agreements and institutions and their relevance to both regional and world trade (Islamic Development Bank, League of Arab States, ...).
• Analysis of the main countries (Saudi Arabia, Emirates, Egypt, ...).
• To know where to find information for this countries

Course Contents

Doing Business in Saudi Arabia and Yemen.

Doing Business in Dubai United Arab Emirates UAE.

Doing Business in Egypt.

Middle East Agreements and Institutions

The Arab World. League of Arab States
- Introduction to the Arab World. Arabic language.
- Introduction to the Arab League.
- Economy. Foreign Trade.
- The relationship between The League of Arab States and Different Regional Groupings.
- The MENA Region (Middle East and North Africa).
- Case Study: Orascom Telecom. Etisalat.

United Nations Economic and Social Commission for Western Asia (ESCWA)
- Introduction to the United Nations Economic and Social Commission for Western Asia (ESCWA).
- ESCWA commission and other intergovernmental bodies.
- Social Development. ESCWA Centre for Women.
- Economic Development and Globalization.
- Information and Communication Technology.
- ESCWA Statistics.
- Foreign Direct Investment FDI in ESCWA region.
- Greater Arab Free Trade Area (GAFTA).

Islamic Development Bank
- The Islamic Development Bank. IDB 1440H Vision Initiative. IDB Unit of Account (Islamic Dinar). Member Countries.
- IDB Group Strategic Framework. Project Financing Operations.
- IDB Modes of Financing. ISTISNA'A. Shari'ah (Islamic Law).
- Affiliated Institutions. Islamic Corporation for Insurance of Investments and Export Credits (ICIEC). Islamic Corporation for the Development of the Private Sector (ICD).
- International Islamic Trade Finance Corporation (ITFC).
- Trade Financing. The Arab Bank for Economic Development in Africa (BADEA). BADEA Export Financing Scheme (BEFS).

Organization Islamic Conference
- Introduction to the Organization of the Islamic Conference (OIC). The Ummah.
- Subsidiary organs. Statistical, economic and social research and training centre for the Islamic countries (SESRIC).
- Islamic centre for the development of trade (ICDT). Islamic Chamber of Commerce and Industry (ICCI).
- Economic Report on the OIC Countries.

Cooperation Council for the Arab States of the Gulf
- Introduction to the Cooperation Council for the Arab States of the Gulf. Objectives. Organizational Structure.
- Economic, Trade and Customs Cooperation. Economic Nationalization. Monetary Union and Single Currency.
- The Economic Agreement between the Gulf Cooperation Council States.
- Implementation Procedures for the GCC Customs Union.
- Economic Relations with the other economic groupings.
- Federation of GCC Chambers.
- INTRA- GCC TRADE. Statistics.