Introduction

Wagdy M. Abdallah

Chapter 1 in Accounting, Finance, and Taxation in the Gulf Countries, 2008, pp 1-24 from Palgrave Macmillan

Abstract: Abstract When multinational companies are looking ahead for a new country in the Middle East or the Gulf area to invest in is not an easy task. However, one key factor in making a decision is the map of the country. If you want to know how important the country you want to invest in is, just take a look at the country‘s map from economic, cultural, and political perspectives. Here is Kuwait, here is Saudi Arabia, and here is the United Arab Emirates. If you stand in one of the Gulf countries, you are at the heart of World oil reserves, history, and a unique tradition of culture. The Gulf countries, with some 65 percent of the world‘s known oil reserves, have occupied a position of primary strategic importance for multinational companies since the Second World War.

Keywords: Corporate Governance; United Arab Emirate; International Financial Reporting Standard; Gulf Cooperation Council; Accounting Profession (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-61454-3_1

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DOI: 10.1057/9780230614543_1

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