Petroleum and the Economy of the United Arab Emirates PDF Download

Author: Māniʻ Saʻīd ʻUtaybah
Publisher: London : Croom Helm
ISBN:
Category : Business & Economics
Languages : en
Pages : 304

View

Book Description

Author: Ibrahim Alfaki
Publisher: Routledge
ISBN: 1351285025
Category : Business & Economics
Languages : en
Pages : 118

View

Book Description
Over-reliance on oil challenges the long-term sustainability of an economy. The UAE’s government has placed considerable focus on a comprehensive strategic planning exercise to transform the country’s economic structure from relying heavily on hydrocarbon resources to becoming a knowledge-based economy. Non-oil is to account for 80% of the country’s economy by 2021. From Oil to Knowledge examines the role of this major powerhouse of the Arab World to transform itself into a leader in the adoption of science, technology and innovation to drive economic success on the international stage.In this first book to present and critically evaluate the extent of the UAE’s success in diversifying its economy and implementing the principles and approaches of a Knowledge Economy, the authors identify the achievements of the government to date and the areas of further development. From Oil to Knowledge will be utilized as a guide by policymakers and senior managers to enhance their ability to think strategically towards implementing the pillars of a Knowledge Economy within their own organisations and nation states.

Author: Ragaei el Mallakh
Publisher: Routledge
ISBN: 1317598199
Category : Social Science
Languages : en
Pages : 181

View

Book Description
Since the early 1970s the oil producing countries of the Gulf have become a focus of intense interest worldwide. Most of this interest has centred on the oil giants, Saudi Arabia, Iran, even Iraq and Kuwait. Yet the United Arab Emirates is also among the largest producers, on a par with Kuwait, Nigeria and Libya, with reserves greater than the USA. Given its high economic growth rate, the UAE is an excellent laboratory in which to test and evaluate policies and programmes to effect rapid economic development. The international stature of the UAE far exceeds what its physical size, population and breadth of resources would seem to indicate. As a member of OPEC, the UAE has played a vital role within that body’s ‘price moderates’. With one of the world’s highest per capita incomes and with ambitious development efforts under way, the UAE, not surprisingly, has become a major market for capital and consumer goods, involving substantial foreign services, banking, business and industry. Based on more than a decade of study, on-site research and interviews with key figures, this book – which mixes the practical with the academic approach – will prove of great value to Middle Eastern and development specialists, students and to the international business and financial communities. First published in 1981.

Author: Martin Beck
Publisher: Manchester University Press
ISBN: 1526149087
Category : Political Science
Languages : en
Pages : 204

View

Book Description
The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.

Author: Atif Kubursi
Publisher: Routledge
ISBN: 1317592948
Category : Social Science
Languages : en
Pages : 118

View

Book Description
Were oil supplies everlasting and the demand for oil strong and continuous, economic diversification in the Gulf would be pointless. However oil reserves are finite and non-renewable and the world demand for oil from the Gulf region is simply not stable. Collectively the countries of the Gulf face the striking prospect that unless priorities and plans are set with care the gestation period of their economic development may be longer than the expected life of their hydrocarbon resources. This book examines just that threat. It considers the opportunities available to the Gulf states for accumulating sufficient productive capital in the non-oil sectors of their economy to offset the drawing down of oil reserves. The book pays particular attention to the possibilities of development through cooperation not only within the Gulf Cooperation Council but also within the larger Arab region and the Third World as a whole. It concludes with a critical review of the main challenges that these economies are facing and are likely to face in the near future with special emphasis on their major problems and failures. First published in 1984.

Author: Andreas Rostin
Publisher: GRIN Verlag
ISBN: 3638799387
Category : Business & Economics
Languages : en
Pages : 46

View

Book Description
Seminar paper from the year 2004 in the subject Business economics - Economic Policy, grade: 1,3, Georgetown University, course: Economics of the Middle East, 19 entries in the bibliography, language: English, abstract: Over the past 35 years, the seven emirates comprising the United Arab Emirates (UAE) have experienced unprecedented economic development. The immeasurable inflow of petrodollars since the first oil crisis in 1973 has transformed the UAE from one of the poorest countries in the world into one with a standard of living comparable to the countries of Western Europe and North America. However, with crude oil and natural gas reserves diminishing steadily, income from these two natural resources will not continue to flow indefinitely. It is questionable whether economic growth in the emirates can be sustained when oil extraction and exports decline. Recent efforts to diversify the UAE's economic activity and thereby lessen the country's dependency on oil and natural gas have had a certain degree of success. At the same time, however, the federal government has been unable to broaden its revenue base to include income from non-hydrocarbon activities, a step seen as essential for guaranteeing sustained economic prosperity. This essay will cast an eye on the economic and social transformation that has taken place in the emirates, focusing heavily on the question of sustainability. It will begin by outlining the effects that the oil windfall has had on the UAE's development over the past three decades. Then it will emphasize the importance of economic and fiscal diversification and point to success and failure in attempting this structural transition. It will analyze the inhabitants' apparent reluctance to change and attempt to give reasons for this phenomenon. Finally, it will offer suggestions for achieving a foundation for sustained economic growth in view of continuously decreasing oil reserves.

Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 91

View

Book Description

Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 368

View

Book Description

Author: Ibrahim Elbadawi
Publisher: Cambridge University Press
ISBN: 1107141729
Category : Business & Economics
Languages : en
Pages : 497

View

Book Description
A variety of perspectives from leading economists provides fresh insight into how Arab countries may best exploit their oil revenues.

Author: Ragaei el Mallakh
Publisher: Routledge
ISBN: 1317592344
Category : Social Science
Languages : en
Pages : 145

View

Book Description
No region in the world has seen so much development activity in the last ten years as the Gulf area. Since ‘black gold’ catapulted the oil-producing countries into the limelight of the international political and economic scene, there has been a proliferation of studies on the larger exporting states. However, many of the so-called ‘small countries’ have been neglected in this exercise. This book presents the first detailed examination of the bases and extent of economic development in Qatar and considers the need to translate the petroleum-generated growth into viable, self-sustained development. Qatar, though not one of the oil ‘giants’, was first in the field of oil development and exhibits a number of special features not shared by its Gulf neighbours: for example in pre-oil boom days it was already in advance of many other Gulf states in the field of education; it has a modest agriculture sector and there is a comparatively strong attachment to the land; and finally it has played an important role in OPEC as a member of the ‘moderate price’ camp. The individual chapters trace the development of the oil industry, outline public financing and economic policy and sketch the issues involved in industrialisation, absorptive capacity and agricultural development. Examination is made of the social and physical infrastructure as well as money and banking, and the international linkages in trade, foreign aid, economic cooperation efforts and investment opportunities are elucidated. Planners in Qatar know that their revenue base in petroleum is finite, and thus investment of present surplus needs careful planning. The book therefore also outlines current government priorities and suggests areas for future investments. First published in 1979.