Hungarian businessmen visiting the states of the Persian Gulf can easily lose a promising deal due to a wrongly composed sentence, a handshake or even inadequate clothing, therefore, those visiting the region for the first time should prepare themselves in customary local business manners and culture. Follow our advice and you will find it easier to operate in this extremely different environment and build business relations more quickly and easily.

General Information
The businessmen in the states of the Persian Gulf tend to be highly qualified. Many of them have studied at western universities, already have business interests in western countries and are therefore familiar with our culture. They prefer to purchase products and services from business partners who offer good quality at a favourable price. The Middle East must not be treated as one Arab region because, in their eyes, that is disrespectful. The countries which are of the greatest importance to us in terms of business are members of the Gulf Co-operation Council (GCC), i.e., Kuwait, Saudi Arabia, Bahrain, Qatar and the United Arab Emirates. There are trade agreements among the GCC countries and their citizens are able to freely travel between member states.
It is important to know that, although Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Fujairah and Ras Al Khaimah united and formed the United Arab Emirates in 1971, they all still have their own leaders and own governance to a certain extent.

 

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About us

The GLOBS is the only magazine in Hungary that focuses on foreign affairs and trade. The topics cover the different aspects of social life, business and culture (especially business culture), research and development, investment opportunities, charity initiatives, and the everyday life of the diplomatic delegations.
 
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