Qatar Group 4
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Transcript of Qatar Group 4
by Eleonore TchakarovaQatar
Content• Location
• People and culture
• Business Etiquette
• Economic legal and political system
• Opportunities and risks of doing business
• Ease of doing business
Location
People and Culture● Geography: Qatar is a small country.
o Approximately 11,586 square kilometers
● ranked 166 in the world.
o Comparing to US, it is slightly smaller than Connecticut.
● Weather: arid but mild, pleasant winters but very hot summers.
● Food: Qatar’s cuisine has been influenced by close links to Iran and India as well as Muslim dietary conventions.
Seafood is welcomed in Qatar.
● Eg: the traditional dish of “kabsa” is a richly spiced rice combined with meat and/or seafood served from a large platter.
The main meal is eaten at the midday, which is totally different with US.
Kabsa Baklava
People and culture● Demography: Qatari(s): 2,267,916 of total population (by July 2015).
Ethnic groups: Arab: 40%, Indian 18%, Pakistani 18%, Iranian 10%, other 14%
Muslim 77.5% (90% of Sunni, 10% of Shia), Christian 8.5%, other (includes mainly Hindu and other Indian religions) 14%
Over 70%of population are ages between 25-54 years.
3.39 males/females--heavily imbalance.
ranked #1 migrants rate: 22.39/1000 of populations
● Language: Arabic (official), English commonly used as a second language.
They speak the Gulf Arabic (el-lahja el-khalijiyya- “the dialect of the gulf”).
● differ in vocabulary, grammar and accent from north African and Levantine Arabs.
Urdu (Indian) and Farsi (Iranian) are also widely used.
● The Souq Waqif vibrant social hotspot
cultural bazaar (traditional products, foods, etc)
https://www.youtube.com/watch?v=EEt3EVZs4W0
Famous Arabic Expressions Customary greeting: Al Salam alaikum (peace be upon you)
Reply: wa alaikum as-salam (and upon you be peace)
Goodbye: Ma salamaa
Thank you: Shukran
God willing: Inshallah
Business
عمل
Business Etiquette1.Religion
2.Language
3.Timing
4.Handshaking
5.Dress code
6.Patience
7.Presents
Economic and Political Systems●Unitary Constitutional Monarchy
○ Al Thani family since 1825, Direct Election of 30 of the 45 members of the legislative council
●Richest country in the world 2014 GDP $210.1 billion
●US is largest foreign investor and largest importer
●Petroleum and natural gas account for more than 60% of GDP (industry diversification is a main concern)
Legal System
- Sharia Law (family court)
- Adlia court (civil court) after the
termination of
History: tribal law or desert law, sharia law and modern law
Modern: Dual Law -Sharia Law (family court) -Adlia court (civil court)-The courts are separate from the Al Thani family
Opportunities➢ Business deals done in both Qatari Riyals and USD
➢ Prefered languages are Arabic and English
➢ Rail network pledge by 2026
➢ National Vision 2030
➢ World Cup 2022
➢ Expected increase in population
➢ Developing economy
➢ Large amount of liquid capital
➢ 2nd lowest perceived corruption in Middle East
➢ Eliminated certain requirements for the corporate income tax return
Risks• Foreign workers are entirely
dependent on their employer for residency rights and subject to the sponsorship (kafala) system
• No Objection Certificate (NOC) must be granted before an employee can leave their employment permanently and transfer to another employer
• Unsatisfactory labor laws
• Underlying risk for terrorism
Ease of doing business in Qatar vs the USRegion Middle East & North AfricaIncome Category High incomePopulation 2,267,916GNI Per Capita (US$) 90,420City covered Doha
Region OECD high incomeIncome Category High income
Population 318,857,056GNI Per Capita (US$) 55,200
City covered Los Angeles
Doing Business Qatar the
US Topics DB 2016 Rank
DB 2015 Rank
Change in Rank
Starting a Business 49 44 -5Dealing with Construction
Permits
33 33 No change
Getting Electricity 44 42 -2Registering Property
34 33 -1
Getting Credit 2 2 No change
Protecting Minority Investors
35 32 -3
Paying Taxes 53 48 -5Trading Across
Borders 34 33 -1
Enforcing Contracts
21 21 No change
Resolving Insolvency
5 4 -1
Topics DB 2016 Rank
DB 2015 Rank
Change in Rank
Starting a Business 109 103 -6Dealing with Construction Permits
8 8 No change
Getting Electricity 111 105 -6Registering Property
28 27 -1
Getting Credit 133 128 -5Protecting Minority Investors
122 121 -1
Paying Taxes 1 1 No change
Trading Across Borders
119 122 3
Enforcing Contracts 112 111 -1Resolving Insolvency
51 48 -3
VS
Questions?
Bibliographyhttp://www.state.gov/r/pa/ei/bgn/5437.htm
https://www.gov.uk/government/publications/overseas-business-risk-qatar/overseas-business-risk-qatar
https://www.youtube.com/watch?v=E42mJ3qzM18
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
http://www.doingbusiness.org/data/exploreeconomies/qatar/~/media/giawb/doing%20business/documents/profiles/country/QAT.pdf
https://www.cia.gov/library/publications/the-world-factbook/geos/qa.html#Econ
http://dhlguide.co.uk/middle-east-business-etiquette/
http://www.tradingeconomics.com/qatar/ease-of-doing-business
http://static6.businessinsider.com/image/5245bd55eab8ea7a5c8f0407-1200-789/qatar-skyscrapers.jpg
http://www.businessinsider.com/qatar-world-cup-disaster-2015-2
http://dohanews.co/?s=world+cup