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By W. Abdallah

This e-book makes a speciality of how multinational businesses can plan and deal with their overseas company within the Gulf international locations. vital problems with accounting, auditing, finance, taxation, advertising, and managerial matters are lined in all the chosen Gulf countries.

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Extra resources for Accounting, Finance, and Taxation in the Gulf Countries

Sample text

For multinational companies, it is also important to understand the common characteristics that the Gulf countries share. These include (1) a free enterprise economic system; (2) the Arabic language; (3) the cultural and social tradition, with a significant impact of the Islamic religion; and (4) similar political and legal systems—religion has a significant effect on the Gulf countries’ legal system. All the aforementioned factors are very important for both multinational companies and accountants, because the greater the similarities among the countries the better the chance to establish a harmonized accounting system in the region (AlHashim 1985).

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. Encouraging American companies to explore opportunities in the Gulf region and hosting their group teams when they come to visit and providing them with advice about the local market conditions; 38 WAGDY M. ABDALLAH 4. Holding periodical meetings with prominent American-based speakers by providing them with a forum to address the American community in the Gulf region; 5.

INTRODUCTION 23 References Abdallah, Wagdy M. 2001. Managing Multinationals in the Middle East: Accounting and Tax Issues. Westport, CT: Quorum books. Abed, George T. and Hamid R. Davoodi. 2003. ” International Monetary Fund. Al-Khatar, Khalid and Kamal Naser. 2003. ” Managerial Auditing Journal 18 (6/7): 538–549. Al-Qahtani, Abdulla K. 2005. ” Managerial Auditing Journal 20 (3): 217–226. M. 2001. ” Journal of Financial Regulation and Compliance 9 (3): 253–273. Al-Yahya, M. 1993. Kuwait: Fall and Rebirth.

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