Qatar, a Gulf Country peninsula located east of the much larger Arabian Peninsula, is surrounded only by Saudi Arabia and the Persian Gulf. The government in Qatar is an absolute monarchy ruled by a single family since the mid-19th century. The country is ranked as the richest country per capita in the world; in addition, the CIA World Factbook globally ranks Qatar as third in proven natural gas reserves, and second on natural gas exports; as well as thirteen on proven crude oil reserves, and fifteen on crude oil exports. As of 2012, both oil exports and natural gas comprises of 50% of Qatar’s GDP, and 70% of government revenues. [4]
In the past decade, Qatar has been boosting the growth of the private sector in order to diversify its economy that includes a major infrastructure development. [3] [5] Other countries in the GCC, the Cooperation Council for the Arab States of the Gulf, - such as Saudi Arabia, Oman, UAE, and Bahrain – have trailed in a similar path of government initiatives in the past aimed to diversify its economy, from a predominantly energy focused sector. The objective was to increase and diversify GDP growth in other sectors. The most notable and similar country to Qatar is Dubai. The state government of Dubai began planning its economic diversification strategy in the early 90’s, which comprised of vast infrastructure development for commercial, transport, and tourism that started with the construction of the largest and most luxurious hotel at the time, Burge Al-Arab. [8]
The Migration Population
Qatar has a population of about 1. 8 million people, however more than 1.5 million are foreign nationals, and comprise of about 88% of the total population. Although Qatar has very low unemployment for its citizens, t...
... middle of paper ...
... International Airport (NDIA). N.p., n.d. Web. 20 Dec. 2013. .
7. "Qatar Labor Law." Qatar Labor Law. N.p., n.d. Web. 20 Dec. 2013. .
8. Schilir, Daniele. "Diversification and development of UAE's economy." Munich Personal RePEc. N.p., n.d. Web. 20 Nov. 2013. .
9. Scott, Matt. "Millions paid in bribes for Qatar's 2022 World Cup votes, report claims." The Guardian. Guardian News and Media, 11 May 2011. Web. 20 Dec. 2013. .
10. "The Darkside of Migration." Amnesty International. N.p., n.d. Web. 19 Nov. 2013. .
These executives from South, Central, and North America allegedly paid more than $150 million in bribes and kickbacks to FIFA officials. As Vox's Amanda Taub puts it, "FIFA officials treated their positions like toll booths, extracting bribes from marketing organizations that needed their signatures or cooperation." The new information that has come to light shows football is becoming less of a prestigious sport and more of a money making enterprise even by the most powerful and influential people in the sport in the members of FIFA. As sports governance expert Roger Pilke Jr. recently told Vox: “It's basically a members' club. It's like if you and I started up a bowling league in our hometown — we got together and decided to govern ourselves.
" Middle East & North Africa Business Report, the Jordan 30 Mar.
Saudi Arabia and Qatar are both independent, Middle Eastern nations located on the Arabian Gulf peninsula. They share the same religion, same ruling style and same ruling religion. They are both Islamic monarchies where Wahhabism—a fundamentalist sect of Islam—is the primary faith among their people and the faith of their ruling families. Their economies follow nearly identical paths, as oil wealth is the primary sector of both of their Gross Domestic Products (GDPs) and largely controlled by the government. Both Saudi Arabia and Qatar are economically oil-driven Wahabist kingdoms; however, Qatar 's lack of reliance on Wahhabism coupled with its acceptance of its own ephemerality has
The “Corruption in FIFA” sportdw.com. Web. The Web. The Web. 20 Feb. 2014.
It is bordered by Iraq and Jordan on the north, Kuwait, Qatar, Bahrain and United Arab Emirates on the east, Oman and Yemen on the south. The Arabian Gulf Sea surrounded from the east and the Red Sea from the west. Saudi Arabia is a traditional monarchy. Al Saud dynasty is a royal family of the kingdom. The population of the kingdom was estimated to be 29,369,428 in 2014 - the 43rd largest in the world (Worldpopulationreview.com, 2014). In the technology side, Saudi Arabia is becoming focused on technology. They increase the spending on connectivity and human resources (Saudi Arabia Emergence of Innovation Kingdom,
The agreement signed in 1868 marked a significant change/shift in the British relations/view/attitude towards Qatar because Qatar was considered before the agreement/treaty a part of/affiliated with Bahrain. Thus, the treaty came to represent a recognition of Qatar even though it was in an indirect manner by naming/assigning Sheikh Mohammed Bin Thani as the Sheikh of Qatar. Therefore/ As a result, Britain laid the foundation for the emergence of Qatar as an independent state that is not a part of Bahrain/does not pledge allegiance to Bahrain. At the meantime, the Turkish government warned Britain/the British not to intervene in Qatar’s affairs, in fact, Turkey had constantly attempted to occupy Qatar in 1872.
Since UAE is a great layout to apply some of the stratification such as Bourdieu’s theory of Habitués and Weber’s the theory of Typology of classes, and Marx’s theory of class division based on economy, the productive system is significant and the deterministic to all other aspects in the society (Chan & Goldthorpe, 2007). I will use UAE citizens as a case study to see whether the economic powers are given and created to the UAE Citizen to expresses their economic powers through the economic opportunities (the instruments) or if the UAE citizens have a cultural influence into creating their economic identity segmentation as the way to distinguish themselves from the others.
The inventory turnover decreased from 3.8 to 3.59. This is explained by the higher increase in the average inventory (37%) than the increase in cost of sales (29%) during 2005. This means that the rate at which inventory is sold is dropping
Qatar is a peninsula that is coastal to the Persian Gulf near Saudi Arabia, the United Arab Emirates and Bahrain. Qatar is known as the third largest country with natural gas reserves world-wide. It also holds home to the world’s largest non-associated natural gas reservoir that is called North Field. In this paper I will be talking about oil and its impacts on the economy and the environment in the country of Qatar.
The United Arab Emirates (UAE) is comprised of five million individual in an authoritarian government type. The UAE largely runs on immigrant labor, with foreigners making up 80% of the population. Therefore, many of its citizens have migrated from other countries to get better jobs, giving an advantage to companies because many look for work in both public and private sectors (Countries and Their Cultures). UAE citizens mainly speak in English, Persian, Hindu, and Urdu. This is much similar to the culture diversity in the US, where there are more than 50 languages spoken. Also, UAE consists of 96 percent of Muslims, with 4% making the other religions (Stanat, 1998). With the high percentage of Muslims, the religion of Islam is highly mixed in with the culture. This will be explained in greater detail later. With the majority of the population being Muslim, there is a huge cultural dimension difference between the United States and the...
This report draws from many publications written over the last twenty years exposing the unique situation in Saudi Arabia, while also utilizing recent headl...
...Arabia is a petrostate. Oil dominates the national economy, international exports, and the nation’s politics. It has greatly shaped what the kingdom is today. Having started out as somewhat of a tourist economy, the kingdom has become a world, monetary power. From their massive amounts of oil and extremely cheap production, the country has been able to gain large amounts of affluence and political power. With its large abundance of oil, the country has been able to profit immensely on sales and spur diplomatic outcomes to their benefit due to the great need of the resource. Without the discovery oil, Saudi Arabia would be of little importance in the modern world, having the Grand Mosque be the extent of its importance. But because of its discovery of oil, Saudi Arabia became of international importance, coming to be one of the greatest assets to world superpowers.
After the crisis UAE’s economy suffered from 2008-2009 the economy has diversified itself and does not depend solely on oil anymore but also on other sectors such as tourism. The inflation rate of Dubai is 0.33% which is also significantly low (Dubai Statistics Centre,2016).The small medium enterprise does not want to take a risk where there are fluctuations in price level thereby effecting the buying power of people and also the demand and supply of the Al-Simpkin’s product. Furthermore,the government encourages foreign investment and besides the agent there are free zones such Jabel Ali which is the largest
Have you ever wanted to see the world’s richest country? That is covered with exotic beaches. Food that will defiantly cure your taste buds. Luxurious cars everywhere you turned your head. Seeing different people from all over the world coming to visit. A place that’ll for sure entertain you. To get a taste of this lifestyle that’s overseas, you need to visit Dubai.
The Islamic market is being very profitable, but the effectiveness of the operations has been relatively limited due to lack of development of the business unit due to the short existence of the moderm history.