Qatar
The State of Qatar is a small Sovereign Arab Emirate (measuring approximately 11,571km²) located at in Middle East Asia, specifically in the peninsula that extends into the Persian Gulf from the northeast coast of the Arabian Peninsula. On the west of Qatar is Saudi Arabia and to the south is the United Arab Emirates. The capital of this emirate is Doha, which is the largest city and the center of the economy, as well. It has a small population size of approximately 2.02 million, the main language is Arabic, its currency is the Qatari Riyal, and its main religion is Muslim. In 1971, Qatar planned to join with other emirates and become the United Arab Emirates, but later refused this request and acquired its independence from United Kingdom. Ever since, the government has been a constitutional monarchy, thus, making the royal family as the head of state. As of June 23rd 2013, the emir, or head-of-state, is Sheikh (Prince) Tamim bin Hamad bin Khalifa Al Thani.
During the 1940s, oil was discovered in Qatar. This great discovery brought large amounts of wealth to the country during the next two decades. During the 1980s and 1990s, the economy slowed due to political disputes. However, as of 2007, Qatar has been able to attain the highest per capita income in the world thanks to its oil and natural gas revenues. Because of its strategic location, Qatar, today, possesses the third largest reserves of natural gas and oil in the world making it the world’s richest country with a GDP per capita of $106,284 USD, the fastest growing economy with a growth rate of 19.40%, and making 85% of income from oil export. This also explains why the main exports are derived from the industrial sector. Currently, the government of Qatar is wor...
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...2022 Fifa World Cup. This not only will improve further more its standard of living, but it will make it a more tourist attraction.
I think that Qatar’s economy outlook is very likely to increase sharply. Macroeconomically, this country is stable and growing. It is doing a fantastic job in terms of its labor force, natural resources, GDP, inflation rate, unemployment rate, and monetary system. As a result, I believe that Qatar will become more and more attractive to business people and, thus, its non-native population is likely to increase. Also, I think that it will continue to be profitable, thus, improving its standard of living each year. Plus, its current infrastructure project will likely make this country a great place to visit. In other words, I think that Qatar will be holding the position as one of the wealthiest countries is the world is very likely to
2012 “Has oil wealth been a blessing or a curse for the Middle East?”. Akerue.net. Ben West. Web. 27
The GCC is claimed to be one of the most flexible world’s organizations consisting of the UAE, Bahrain, Oman, Qatar, Saudi Arabia and Kuwait. These countries are rich in oil that gives them important political and economic stimulus. The GCC, the author underlines, is very influenti...
They increase the spending on connectivity and human resources (Saudi Arabia Emergence Innovation Kingdom, 2014). Saudi Arabia is the largest economy in the Middle East and the richest Arab country. The economy of Saudi Arabia is entirely based on oil (Smetoolkit.org, 2014). Saudi Arabia is the 19th largest exporter and the 20th largest import market in the world (Saudiembassy.net, 2014). Exports now in the kingdom include all economic sectors.
Once a monarchy now a republic, many years later the country has faced many conflicts and flounder times, most recent the revolution of 2011, which left the country in a broken state. With success and effort to rebuild, Egypt still faces some major economic challenges. These challenges range from: reestablishing security, bringing back business, reforming subsidies, and labor intensive industries and exports. Strengthening the country’s army and government is one of the most important challenges, but leading businessmen and attracting tourist, and billionaires to come back is another very difficult challenge. Reforming subsidies and ending government controlled industries, and exports are also issues that face current president, and the rest of the government. While broken, Egypt contributes to the world economy, by providing our raw resources, many previous innovations, and exports. Bouncing back from a revolution is tough, but Egypt can become beneficial to our businesses and labor force and way of life, by growing back into prosperous and tourist full country. It can also become a host for many big industries to boost its economy even more. If Egypt remains on the same track, they are bound to have a good economy, as we can see from changes like the real growth rate which doubled within 2014 to 2015. Another change is their unemployment rate it has decreased from 13% to
According to the World Health Organization’s latest statistics, Qatar’s population now ranks among the top 8 fattest in the world, with 77.8 percent of men and
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.
Oil-Led Development: Social, Political, and Economic Consequences. CDDRL Working Paper 80. Robinson, J. A., Torvik, R. & Verdier, T. (2006). Political Foundations of the Resource Curse. Journal of Development Economics, 79, 447-468.
Crimes punishable by the death sentence in Saudi Arabia include murder, serious attacks on the Islam religion, adultery, dress codes, and since 1987, drug smuggling. Under Saudi Arabian law, serious crimes merit serious consequences. Repeated theft is punishable by amputation of the right hand, administered under anesthetic. Because most meals in Saudi Arabia are eaten by hand from a communal bowl and only the right hand may touch the food, this punishment effectively bans the convicted thief from society. The severity of this punishment has led to a slight softening of the law in recent years; now if the thief repents and makes restitution before the case is brought before a judge, the punishment can be reduced... furthermore, the victim of the crime may demand payment rather than amputation of the thief’s right hand, and in some cases the victim is even permitted to parden the criminal. In a typical year at least ten hands amputations are carried out for repeated thievery in Saudi Arabia. (Goodwin, 1943) Today in the United States, crimes such as theft are punishable by jail sentence if they have more than one thievery act.
Saudi Arabia, the leader of OPEC (Organization of Petroleum Exporting Companies), maintains a powerful position in negotiations with the U.S. and other countries. Its vast supply of oil directly effects per barrel pricing and is a unique bargaining tool in international politics. But Saudi Arabia is no ordinary country in today's world. Its borders are governed by a royal family of nearly 30,000 individuals, all of which share most of the wealth and almost all of the power. Its people, with foreign exceptions, are wholly Islamic and many practice the faith with a frightening sense of devotion. And despite the immense revenue generated by its oil reserves, part of its population still lives in absolute poverty. Although recently it has seen immense change, it is still a country fair behind the progressive world.
Over the past 200 years, mankind discovered the fossil fuels and they used this source to produce hug energy. This affects the environment in many negative ways and caused many issues worldwide such as urban air pollution and acid rain, oil spills and the high temperature of earth. Saudi Arabia has the biggest oil reserves in the world by 19.66% (the world factbook, 2011) and the second oil producer country in the world with roughly 10.121 million barrels a day – which account for 12% of the total world production of oil in 2010 (Fontinelle,2011). Moreover, the country relies heavily on oil industry. And the most successful companies in the country are thus whose work in oil industry such as ARAMCO Company. The reason behind this success is because most of these companies get financial support and attention from the Saudi government and sometimes the government owes these companies. Because of the massive reserve of oil and the high income that generated from oil, the country has less attention to seek for other sources of clean energy such as solar energy and wind energy which leads to the increase of air pollution in the country. However, oil is expected to last in the next 50 to 100 years (Hubbert, 1956). Furthermore, the International organizations have made many decisions to protect the environment and environmental resource such as Kyoto Protocol which decided to raise the use of solar energy to 50%of the total global energy use by 2020 (UNFCCC ,2005 ). Recently, these issues lead the Saudi government to realize problems, such as air pollutions, and start to invest in clean energy area but not as expected. These days many people in Saudi Arabia argue the uses of clean energy and replace with the fossil fuels. And they d...
...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
Being Saudi Arabian is to be faithful and authentic to one important religious symbol of Islam which is being believer of Allah but no one else and being the believer that Mohammed is the prophet of Allah, which is considered very essential aspect of the culture. Saudi Arabians are the people who have strong affiliation and loyalty to the authentic, generous, wise Arab tribes who settled in the Arabian Peninsula many years ago. In addition, being Saudi Arabian represents being loyal to the country that fully contributed to providing free healthcare, education, and public services for the citizens. Saudi Arabians are the people who care and help others when they face life-threatening disasters. Saudi Arabia has many symbols that represent them.
United Arab Emirates, Kingdom of Saudi Arabia, Sultanate of Oman, State of Qatar, and State
The largest world supplier oil company is Saudi Aramco. It is the most profitable company on the earth. Since it is the most powerful oil company, it has a great impact on the world economy. As a result, a strong international relationship was built with the Kingdom of Saudi Arabia. In addition, the strong developing of international relationship with other industrial countries resulted in massive contributions to the politics, economy, and many different aspects. In 1933, Saudi government bestowed oil concession to California Arabian Standard Oil Company (Chevron). The main factor for this grant was to explore the oil in the eastern region of the Kingdom of Saudi Arabia. After discovering a huge amount of oil, part of the grant was sold to other American oil companies in order to cooperate with each other to do more exploration and to deal with such a big job. In 1948, all these American companies were incorporated into Arabian American Oil Company (Aramco) shared 50% of its profits with Saudi government. Furthermore, the company’s shares had been acquiring by Saudi government to gain 100% of its ownership. In 1988, the name changed to Saudi Aramco. The Headquarter of Saudi Aramoc is located in Dhahran, a city in eastern region of Saudi Arabia. Saudi Aramco produces 10 million barrels of oil each day. The history of Saudi Aramco went through three major periods: exploring oil, interconnecting with the USA, and contributing to other many universal events.