4.1.4 Doing Business in Russia
(i) General
The official name of Russia is Russian Federation. The official language is Russian with other co-official languages in various regions. The capital city is Moscow also the largest city. The population is estimated at 143 million people.
(ii) Greetings
Russians appreciate to shake hands tightly and uphold direct eye contact. They avoid shaking hands and giving things across an entrance, a house or room. It is better to cross the entrance completely before shaking a host's hand when received and leaving. It is a good practice to remove gloves when shaking hands else it looks rude to them.
Russians avoid using first names otherwise it reflects not giving respect and authority. One can use ‘Gospodin’ (Mr.) or ‘Gospozha’ (Mrs.) along with the surname. However, calling person’s full name is more …show more content…
Showing soles of the shoes is interpreted as rude and dirty. One should avoid standing around with hands in the pockets. Summoning someone with the forefinger is considered rude.
4.1.5 Doing Business in Arab
Arab Nations are considered as wealthy nations and they invest in developing nations with full spirit. Despite this, they are still one of the fastest developing economies. The Gulf State's National Vision 2030 has ensured that Arab nations will remain an attractive venture hub just not only in oil and gas, but also in technology, education and financial services.
Despite quite open for foreign companies, it is not easy for multinational organisations to set up a new business in Arab nations so easily. Therefore, one needs a foreign partner who keeps 51 percent of the ownership with the multinationals. There are a few exceptions to this case where foreign owners may own 100% after seeking permission from Ministry of Business and Trade. However, any investment in the state-run services like water, electricity etc. are prohibited.
(i) Business
(i) General
The official name of Russia is Russian Federation. The official language is Russian with other co-official languages in various regions. The capital city is Moscow also the largest city. The population is estimated at 143 million people.
(ii) Greetings
Russians appreciate to shake hands tightly and uphold direct eye contact. They avoid shaking hands and giving things across an entrance, a house or room. It is better to cross the entrance completely before shaking a host's hand when received and leaving. It is a good practice to remove gloves when shaking hands else it looks rude to them.
Russians avoid using first names otherwise it reflects not giving respect and authority. One can use ‘Gospodin’ (Mr.) or ‘Gospozha’ (Mrs.) along with the surname. However, calling person’s full name is more …show more content…
Showing soles of the shoes is interpreted as rude and dirty. One should avoid standing around with hands in the pockets. Summoning someone with the forefinger is considered rude.
4.1.5 Doing Business in Arab
Arab Nations are considered as wealthy nations and they invest in developing nations with full spirit. Despite this, they are still one of the fastest developing economies. The Gulf State's National Vision 2030 has ensured that Arab nations will remain an attractive venture hub just not only in oil and gas, but also in technology, education and financial services.
Despite quite open for foreign companies, it is not easy for multinational organisations to set up a new business in Arab nations so easily. Therefore, one needs a foreign partner who keeps 51 percent of the ownership with the multinationals. There are a few exceptions to this case where foreign owners may own 100% after seeking permission from Ministry of Business and Trade. However, any investment in the state-run services like water, electricity etc. are prohibited.
(i) Business