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Report | The Report: Qatar 2016

With the fall in oil prices underlining the dangers of an over reliance on hydrocarbons revenues, Qatar has continued to forge ahead with its economic diversification drive in 2016. Non-hydrocarbons growth now outstrips hydrocarbons growth, with several big-ticket construction projects, an increasingly dynamic financial services sector and a growing reputation as a tourist destination all fuelling non-oil expansion.

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Chapter | Click here to view a sample article from The Report: Iran 2016 from The Report: Iran 2016

With a population of nearly 80m, Iran boasts the second-largest economy in the MENA region after Saudi Arabia. Significant growth is expected in the coming years with the country’s new five-year development plan targeting annual real GDP growth of 8%. While perhaps ambitious given the global economic climate, the lifting of sanctions combined with the recent emergence of a reformist and business-oriented political environment has brightened the country’s economic prospects.

Chapter | Click here to view a sample article from The Report: Iran 2016 from The Report: Iran 2016

With a population of nearly 80m, Iran boasts the second-largest economy in the MENA region after Saudi Arabia. Significant growth is expected in the coming years with the country’s new five-year development plan targeting annual real GDP growth of 8%. While perhaps ambitious given the global economic climate, the lifting of sanctions combined with the recent emergence of a reformist and business-oriented political environment has brightened the country’s economic prospects.

Chapter | Click here to view a sample article from The Report:Sharjah 2016 from The Report: Sharjah 2016

Sharjah is the UAE’s third-largest emirate with a population of almost 800,000 and a GDP of roughly $24bn. Government focus on education programmes and the development of a diversified economic base has helped support Sharjah’s robust growth in recent years while its relatively small oil and gas reserves mean the emirate has been less affected than many by the oil price-induced turbulence witnessed over the past two years.

Chapter | Tax from The Report: Qatar 2016

This chapter contains an overview of the tax framework in which local and foreign investors operate in Qatar, including a rundown of the tax rules that apply to businesses and how moves to widen the tax base are likely to affect future policy. This chapter contains a viewpoint from Wadih AbouNasr, Country Senior Partner, PwC Qatar.

Chapter | Economy1 from The Report: Qatar 2016

Over the past half-decade Qatar has posted robust economic growth on the back of strong hydrocarbons revenues, state-led infrastructure development and a rapidly maturing financial sector. According to Standard & Poor’s, from 2010 to 2015 it was one of the fastest-growing economies in the world, posting average annual GDP growth of 8.6%. Qatar is the world’s top exporter of liquefied natural gas and has the third-largest proven natural gas reserves. Consequently, Qatar’s indigenous population is among the wealthiest in the world, with the country reporting a per capita GDP in excess of $100,000. While gas and oil exports account for a majority of GDP, a handful of non-hydrocarbons sectors have expanded rapidly in recent years. Non-hydrocarbons growth was 7.7% in 2015, while hydrocarbons growth contracted by 0.1%. This chapter contains interviews with Sheikh Ahmed bin Jassim bin Mohamed Al Thani, Minister of Economy and Commerce; and Vice-Chairperson, Qatar Investment Authority; Saleh bin Mohamed Al Nabit, Minister of Development Planning and Statistics; Yousuf Mohamed Al Jaida, CEO and Board Member, Qatar Financial Centre Authority; Abdulaziz bin Nasser Al Khalifa, CEO, Qatar Development Bank; and Fahad Rashid Al Kaabi, CEO, Manateq.

Chapter | Legal Framework from The Report: Qatar 2016

This chapter contains an outline of the legal framework in which local and foreign investors operate in Qatar, including the rules and regulations for foreign investors, the guidelines for incorporating a new company, a rundown of the foreign property ownership laws and regulations, and a review of the new changes to the Labour Law. This chapter contains a viewpoint from James Elwen, Partner and Head of Qatar Office, Pinsent Masons.